20 January, 2008

Experts to address topics in Islamic finance, risk management

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At least 60 decision makers from the local, regional and international financial services companies will gather in Dubai this week to tackle the most pressing issues in Islamic finance and risk management in the Middle East.

“We feel that the financial services sector in the UAE and the whole Middle East needs improvement,” said Cordelia Henry, managing director of Interactive Events, which organised the event on Monday and Tuesday.

She said yesterday that industry experts and top executives would thrash out problems and come up with “effective solutions” to make the industry achieve better productivity and become more professional.

She added that the various challenges facing the region’s Islamic finance include the need for new and innovative instruments as well as taking a proactive stance against probable market risks.

The speakers and participants to the two-day Risk Management Forum and Islamic Finance Forum include company chief executives, operating officers and heads of compliance, audit and investment departments, Islamic scholars and other industry analysts.

The forums would be held at the Emirates Towers Hotel. “They offer strategic insights, case studies from a range of organisations where practitioners share their experiences plus interactive debate sessions,” she added.

She said that Ruggiero Lomonaco, head of Middle East & Islamic Private Investor Products at ABN Amro Markets, UK and the CEO of UAE’s Noor Investment Group, Hussain Al Qemzi would be among the speakers. Source

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