You are hereHome CategoriesNews
Saudi banks recognised at Islamic fund awards in Abu Dhabi
Source: BI-ME , Author: Posted by Bi-ME staff
Posted: Wed April 20, 2011 4:23 pm
china wholesale market

UAE. Global leaders in Islamic finance gathered this week at the Amanie-Failaka Symposium and Failaka Islamic Fund Awards, held at the Intercontinental Hotel in Abu Dhabi, which drew key decision-makers from some of the world’s biggest Islamic financial institutions and Islamic divisions of some of the world’s largest banks.

“The Amanie-Failaka Symposium and Failaka Islamic Fund Awards are extremely valuable events in terms of bringing together leading fund managers and bankers who are active in this space,” said Mark Smyth, Managing Director, UAE-based Failaka Advisors.

“Recognising the significant achievements of top-performing managers is something we’ve been doing now for six years. While we have a number of return winners this year, it does spotlight clearly those who lead the sector. There is, however, always room for others,” Smyth added.

Selected from a strong field comprising hundreds of Islamic funds and fund managers from across the GCC, Asia, the US and Europe were, Saudi Arabia’s Jadwa Investment and Malaysia’s AmIslamic Funds Management.

The Failaka Islamic Fund Awards set the industry standard and raise the profile of Islamic finance. It is an extremely important event for all industry stakeholders, particularly Islamic fund managers and distributors. Events such as this are extremely important in furthering understanding of just how much economic potential this sector represents – I see the Failaka Islamic Fund Awards as the Islamic finance equivalent of the Cannes Film Festival,” said Datin Maznah Mahbob, chief executive officer, AmIslamic Funds Management.

For more information please visit: afs2011.amaniedubai.com.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: January 25, 2015
INTERNATIONAL. Gold priced in euros was the winner, both on the week but also in terms of its overall performance so far this month; Both Brent and WTI crude oil have settled into a US$5 range.
date:Posted: January 24, 2015
QATAR. Deflation is starting to spread into lower global consumer prices, depressed wages and, to a lesser extent, softer asset prices. Unless an appropriate fiscal response is found, this disinflationary dynamics is likely to continue in 2015 and possibly beyond.
date:Posted: January 23, 2015
KUWAIT. Strong growth in American supply boost non-OPEC output by 3.65% in 2014; OPEC not opting for output cut to halt drop in price; Downside risks prevail as world supply increases.
UAE. Russian shoppers caught in a currency crunch are staying away from the Dubai Shopping Festival (DSF) this year, but visitors from elsewhere look set to make up the numbers at the annual retail bonanza.
dhgate