Summit Notebook

Fatwa shopping? Not for Barclays

February 17, 2010

The limited number of Sharia scholars has meant the same
group of men are on various advisory boards which has led to criticism
that people can go “fatwa shopping” and that scholars are in it for the money.

from Global Investing:

101 ways with halal

February 17, 2010

SheepThe technicalities of Islamic finance may seem arcane to outsiders but participants of the Reuters Summit on Islamic Banking and Finance have been keen to take it to a broader audience.

Is Islamic banking truly sharia-compliant?

February 16, 2010

Manama, Bahrain Feb. 16  - The Islamic finance industry has a problem. Its main selling point is that it is sharia-compliant, meaning it adheres to Islam’s prohibition of interest and avoids dealing with forbidden sectors such as alcohol and gambling.

from Global Investing:

Dubai World crisis dispels wishful thinking

February 15, 2010

Dubai WorldThe Dubai World crisis has forced sukuk bond investors to wake up to the reality that sukuk isn’t completely straightforward, said Farmida Bi, a partner at Norton Rose, speaking at the Reuters Islamic Banking and Finance Summit in London on Monday.

Islamic Banking & Finance to attract new attention in 2010

February 12, 2010

Islamic banking is one of the world’s fastest growing financial sectors, according to industry estimates. It has attracted more attention in the aftermath of the global financial crisis as investors are increasingly looking for alternative, ethical ways of investing. This has also intensified a debate within the industry on whether it should move further away from conventional banking, designing products based more directly on Islamic principles.

from MediaFile:

Islamic Banking & Finance set to attract more attention in 2010

February 12, 2010

Islamic banking is one of the world's fastest growing financial sectors, according to industry estimates. It has attracted more attention in the aftermath of the global financial crisis as investors are increasingly looking for alternative, ethical ways of investing. This has also intensified a debate within the industry on whether it should move further away from conventional banking, designing products based more directly on Islamic principles. Global issuance of Islamic bonds, or sukuk, is expected to fall this year from 2009 levels, a recent Reuters poll showed, as the Dubai debt crisis and an expected rise in borrowing costs weigh on market sentiment. In the Gulf Arab region, a funding crunch at Bahrain-based Islamic investment house Gulf Finance House shows that the financial crisis is far from over in the region and that the industry urgently needs to develop new products and business lines to generate revenues. CEOs and other top names will discuss these and other topics in a series of closed on-the-record interviews at the Reuters Islamic Banking and Finance Summit, to be held in Dubai, Manama, Kuala Lumpur, London, Geneva and Jakarta on February 15-18, 2010.

AIA CEO Blakey says she’s got Jet-A in her veins

December 16, 2009

AERO-ARMS-SUMMITAerospace Industries Association Chief Executive Officer Marion Blakey says when she started working on aviation issues earlier in her career she was hooked.

EADS O’Keefe sees corporate life similarities to government, academia

December 16, 2009

He’s been head of NASA, the Navy, and Louisiana State University and spent practically his whole professional life in either government or academia. USA/AERO-ARMS-SUMMIT

Would you send a postcard of Boeing’s new Dreamliner?

December 16, 2009

BOEING/787

For some fans, Boeing’s first test flight of its new 787 Dreamliner this week was apparently a virtual postcard.