Dubai sees the launch of a dedicated Islamic finance media house
Source: BI-ME , Author: BI-ME staff
Posted: Tue January 20, 2009 12:00 am
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UAE. Multi-award winning Shariah consultancy Yasaar has today announced the launch of a dedicated Islamic finance media entity called Yasaar Media.

The founders of Yasaar Media recognise that there is a serious need for an information provider in the Islamic finance space that produces in-depth reports and studies on specific market niches, asset classes and countries. These reports are designed to be market-defining works that will become the benchmark in their field.

The people behind Yasaar Media are Paul McNamara and Majid Dawood.

McNamara is one of the best known Islamic finance journalists in the world and was co-founder of CPI Financial, a Dubai-based media company. He has launched Islamic finance publications in the UK, the UAE, and Australia. Dawood has been a key individual in the establishment of Yasaar, the first Shari’ah compliance services company, based in the Dubai International Financial Centre.

Commenting on the launch of Yasaar Media, Paul McNamara said: "For too long the Islamic finance industry has progressed without a dedicated research and media house that produces independent in-depth reports and analysis of market sectors like the Islamic debt capital market. Yasaar Media’s sole purpose is to fill that gap in the market."

Majid Dawood said: "The credit crunch has meant that many more conventional financial institutions are now trying to get to grips with the world of Shariah compliant finance. There has never been a better time to launch Yasaar Media as thousands of institutions around the globe try to comprehend what Islamic finance could mean for them and their future."

The Islamic finance industry is starved of data. Yasaar Media wants to fill this gap by producing very high end products that address a global Islamic finance audience. These products will cover special reports, books, newsletters and databases.

There will be multiple products but the company will focus in the first year on producing a series of boutique Islamic finance ‘specials’ that will build into a comprehensive reference library.

Note: Yasaar is headquartered in the Dubai International Financial Centre and provides pre-eminent independent value-added Shariah compliance solutions to the global Islamic banking, finance and insurance industry, thereby contributing to the ongoing development of the Islamic system of financial management.
 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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UAE. July data suggested that the UAE's non-oil private sector regained some of the growth momentum that was lost at the end of the second quarter; Output and new orders both rose at sharper rates, contributing to a robust overall improvement in business conditions.
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