GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Islamic Finance: Scalable and sustainable source of funding social infrastructure 

Dubai, UAE, May 21, 2018:   Policy makers, the private sector and governments continue to find ways to bridge gaps in infrastructure funding, with social infrastructure landscape climbing to the top of agendas in importance.  Deloitte Middle East continues to bring the latest insights on this trend through its new Islamic Finance insights series, “Scalable and sustainable source of funding social infrastructure”.

The industry whitepaper published by Deloitte's Islamic Finance Knowledge Center (IFKC) in the Middle East, is produced in collaboration with the Chartered Institute of Securities and Investment (CISI), UK. The analysis, views and policy recommendations have been contributed by prominent industry thought leaders: Stella Cox, CBE, Tallat Hussain, Nyra Mahmood, Peter Casey, George Littlejohn and Dr Osman Ahmed, who similarly contributed to our industry dialogue held in London last November. 

The success of infrastructure projects in using Islamic finance has inspired project benefactors (equity investors) in countries such as Bangladesh, Indonesia, Kazakhstan, Malaysia and many others to seek pursuing sustainable funding through Islamic Finance, along with conventional finance, in undertaking yet to come infrastructure projects

“Deloitte's Islamic finance insights series has made an impact in creating a cross border industry dialogue platform for practitioners, regulators, strategists and scholars to get together to assess industry development and practice integrity,” said Joe El Fadl, Financial Services Industry leader at Deloitte Middle East. 

“Investment and financing with measurable impact now has the attention of the global investor community. The prospect of the contribution that can be made from a fully integrated, faith based and socially conscious approach, to satisfy a portion of the social infrastructure-funding gap, is immensely exciting. There are challenges to overcome, but there has yet to be a better opportunity for the Islamic financial sector to demonstrate its unique value proposition,” said Stella Cox, CBE, Managing Director, at DDCAP Group.

“I am delighted that our industry forum on social infrastructure has produced this whitepaper which developed practical analysis and forward thinking thoughts as how Islamic finance can play its natural role in this pivotal sector of economy” said Dr. Hatim El Tahir, Director, Islamic Finance Group Leader at Deloitte, Middle East.

“Sustainable finance has become one of the fastest-growing sectors in the securities and investment world. Mounting interest in more “ethical” investment, particularly amongst “millennials”, and evidence that firms that behave better deliver better returns, have fuelled this trend. We are delighted to continue our close cooperation with [Deloitte] in broadening and deepening our members' knowledge in this field and we welcome this excellent new thought leadership report” said George Littlejohn, Senior Advisor at the Chartered Institute for Securities & Investment (CISI), UK.

In defining and accepting the Sharia'-compliant funding structure for social projects, there should be continued industry dialogue between practitioners, policy makers, regulators and market participants, to articulate and assess suitable investment and funding structures that will create bold commercial and investment proposition in the market place. 

This whitepaper is produced under the Deloitte Islamic finance series, “Leading by Engaging”, by the Deloitte ME Islamic Finance Knowledge Center (IFKC). 



Posted by : GoDubai Editorial Team
Viewed 11096 times
Posted on : Monday, May 21, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : The French Business Council Dubai and Northern Emirates receives the Dubai Quality
Next Story : Relief for Ransomware Victims with Free Tools from Trend Micro
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Flormar's skincare range
Childrenswear That Speaks With a Conscience
Versace – Spring/Summer 2019 Collection
Dubai Jewellers Come Together to Celebrate UAE Mothers
Put your best skin forward for Spring/Summer 19' with Kocostar's Camouflage range
Bentley Centenary Watch Celebrates a Proud Partnership
The Amphis Ritual
UL and Saudi Telecom Company announce plans to establish a Center of Excellence ...
Al-Futtaim Toyota and UAE Government Authorities confiscate 453,456 counterfeit ...
Now United to Perform at World Games' Opening Ceremony Pre-Show
GROHE Shapes the Future of Water with a record number of innovations at ISH 2019
Pomsies launch six new Fabulous Friends!
Al-Futtaim Honda launches the all-new Honda HR-V
Time to Honour Our Moms with the Best from HONOR: Mother's Day Gift Guide
Salvatore Ferragamo Timepieces - Spring/Summer 2019 Collection
Malabar Gold & Diamonds awarded by ‘The Health Education and Promotion Departmen...
The UAE hosts the World
Tonda 1950 Stone-set range
New in this month at Home and Soul Dubai
The Perfect Gift for Mother's Day
Salvatore Ferragamo Timepieces – Spring/Summer 2019 Collection
Region's Young Engineers Shine Light on Intelligent Energy Solutions at "Fu...
The Balmain Haute Elegance Oval mirrors the brand's soul
Go on, catch the summer moments
Dubai Customs organizes women's “Tolerance Parade” in conjunction with Internati...
World's most expensive perfume ‘SHUMUKH' launched at The Dubai Mall as an exquis...
V-URBAN Versace – Spring/Summer 2019 Collection
Hormann introduces energy saving LPU 67 thermo garage doors for homes
Tukish Airlines is moving to its new home, “The Great Move” begins
Abu Dhabi University amongst leading institutions providing high quality research
Major Thai paper brand eyes new markets for unique product range at Paperworld M...
Dubai Modest Fashion Week Celebrates a Successful Return for 2019
Syniverse and Tata Communications launch world's first managed IPX network inter...
Ministry of Health & Prevention Hosts the Coordination Meeting of the Supreme Co...
Religious Communities speak about their contributions to uphold the Rights of Ch...
The UAE's Leading Inspirational Home Brand Re-opens in Marina Mall, Abu Dhabi
Dubai Customs deals with 15,000 dhows in Dubai Creek in 2018
Dubai Customs celebrates the Emirati Children's Day
Workspace.ae introduces a range of new office furniture solutions
Experience du Postpaid Power Plans with unlimited data or 200 GB monthly for 12 ...
Speech by HE Abdulrahman bin Mohamed Al Owais, Minister of Health and Prevention...
Etihad Airways Welcomes Ireland's Minister for Transport, Tourism and Sport to I...
Trade-in Your Old Device for a brand new Galaxy S10
Sahara Centre Welcomes Customers with the ‘Win Wheels with Meals' Campaign
Speech by His Excellency Abdul Rahman bin Mohammed Al Owais Minister of Health a...
All Roads lead to Abu Dhabi for the 26th PIARC World Road Congress 2019
Special Olympics: Divisioning Explained
Al Mouj Muscat holds a Fire Evacuation Drill
Al Qassimi makes flying start to Dubai World Cup rally as mare grabs bikes lead
Joyalukkas Exchange is now open at Dubai Investment Park 2,UAE