WAQF Showcases Career Opportunities for UAE Nationals
17 April 2008
Waqf a key participant at Careers UAE 2008
The Waqf Trust Services, the world’s first exclusive Islamic trust services provider, was a key participant at the Dubai International Financial Centre (DIFC) Pavilion at this year’s Careers UAE.
At the event, Waqf showcased the opportunities available for UAE nationals within the region’s financial services industry and highlighted career development programmes available at the DIFC.
The Careers UAE is a high-calibre event that enables talented UAE nationals in all fields to meet directly with recruiters and hiring managers from top employers within the diverse number of industries in the UAE representing both Government and the private sector.
Bisher Barazi, Managing Director of DIFC Investments LLC said: “In line with the Dubai Governments 2015 strategy to improve opportunities for UAE Nationals, the DIFC was delighted to welcome the support of Waqf at the Careers UAE fair. As the fastest growing sector in the region and a key contributor to the region’s economy, the financial services industry offers many attractive career prospects for ambitious UAE Nationals. By joining the DIFC at the Careers UAE, Waqf reaffirmed its commitment to the social progress of the region and the development of its people.”
Farhan Al Bastaki, CEO of Waqf added: “As a pioneering and innovative Shari’a based initiative, Waqf was delighted to support this initiative which we believe is of true benefit to the region’s community and regional economy. As the world’s first exclusive Islamic trust services provider with a strong regional presence, Waqf is committed to promoting the region’s social development and supporting the progress of the local knowledge economy.”
From the DIFC’s 900 square metre pavilion, DIFC and Waqf offered individuals the opportunity to view the career opportunities and career development programmes they offer UAE nationals and showcased the DIFC’s role in developing the region as a hub for financial services.
Established in December 2007, Waqf Trust Services is a global provider of Shari’a based trust services, offering a diverse range of trust structures for individual, corporate and charitable-based clients. The company’s primary activities include preservation of family wealth through generations, asset protection, asset management, and Philanthropy management and administration.
Waqf’s broad spectrum of services is designed to meet the needs of families, corporations and charitable trusts, allowing each to plan for the future wisely while adhering to Shari’a guidelines.
About Waqf Trust Services
Waqf Trust Services is a global provider of Shari’a compliant trust products, offering a diverse range of trust services for corporate, individual and charitable-based clients. The company’s primary activities include asset protection, succession planning and the preservation of family wealth.
Waqf’s broad spectrum of services is designed to meet the needs of families, corporations and charitable trusts, allowing each to invest wisely while adhering to Shari’a guidelines. Charity is an essential aspect of Shari’a compliant finance and Waqf takes great pleasure in promoting and contributing to a number of well deserving causes in the region.
The Asset Management and Advisory arm of Waqf is responsible for portfolio management services, investment advisory services and product development. Its technical expertise lies in the research, structure and management of discretionary investment portfolios. In addition, under a specific mandate from its clients, it can provide a broad range of comprehensive advisory services. The Asset Management and Advisory unit of Waqf also works closely with leading regional and global investment managers to develop a range of investment products – by leveraging international experience with that of its in-house Sharia expertise.
Waqf Trust Services Ltd (Waqf) has been jointly established by DIFC Investment LLC and Dubai Islamic Bank PJSC (DIB) under the laws of the Dubai International Financial Centre. Waqf Trust Services is regulated by the Dubai Financial Services Authority (DFSA). (www.waqf.com)
About the DIFC
The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services. In just three years, over 550 firms have registered at the DIFC. They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.
© Press Release 2008 from Dubai International Financial Centre