The Executive Director of Islamic finance at the DIFC Nik Thani, speaking at the 2009 Reuters Islamic Banking and Finance Summit in Dubai, says that with large conventional banks increasingly venturing into the Islamic arena, more educational and training resources are needed.
Thani says "this would be the minimum standard and from their we could build up to other things...including degrees in Islamic finance."
Speaker: Nik Thani, Islamic Finance Executive Director Dubai International Financial Center
Presenter: Ruben Ramirez, Dubai
REUTERS: LONDON - Lloyd's of London is setting up an Islamic re-insurance syndicate with a capacity of up to 200 million pounds to write Islamic compliant reinsurance globally, a PriceWaterhouseCoopers executive said on Tuesday.
Mohammad Khan, director for Islamic insurance, or takaful, at PwC, said the Lloyd's syndicate would include mainly financial institutions and to a lesser extent individual investors. It would become operational between the end of 2009 and the beginning of next year.
Financial consultant and accounting firm PwC is advising the financial group on the syndicate, he said at the Reuters Islamic Banking and Finance Summit in London.
Lloyd's of London was not immediately available to comment. >>> By Cecilia Valente | Tuesday, April 14, 2009
