Global executives attend Islamic finance program in Jeddah

The program attracted Nigerian, British, Ugandan, Jordanian, Saudi, Spanish, French, Lebanese and Indian participants.
Updated 15 May 2019

Global executives attend Islamic finance program in Jeddah

Representatives from financial and academic institutions around the world attended a four-day international executive program in Islamic finance in Jeddah.

The program was jointly organized by the Saudi-Spanish Center for Islamic Economics and Finance at the IE Business School in Madrid, the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank, and the Islamic Economics Institute (IEI) of King Abdul Aziz University, Jeddah.

In his opening remarks at the event, Vice Dean of Postgraduate Studies and Research Dr. Hasan Makhethi said the course aimed to enhance knowledge and experience in Islamic finance and provide networking opportunities for participants.

He said the IEI was delighted that the partnership among the organizing institutions has created “a platform for alternative finance in order to raise awareness among academics and business people about the importance of ethics and morals in finance and business.”

“IRTI is an important partner in the success of the program, as it is enhancing both the academic and practical sides of the program,” Dr. Makhethi added.

Dr. Kaleem Alam, program manager, noted that Islamic finance is no longer alien to the world of finance, and that there is growing demand globally, especially in Africa, to learn and implement Shariah-complaint finance.

The program was designed for executives interested in gaining knowledge and developing contacts in the Islamic finance sector. Participants attended workshops, roundtable discussions and academic sessions covering the fundamental principles, key concepts and modes of Islamic finance, as well the importance of ethics in business.

The program attracted participants of Nigerian, British, Ugandan, Jordanian, Saudi, Spanish, French, Lebanese and Indian nationalities. There were also participants from the Saudi Arabian Monetary Authority (SAMA), Jaiz Bank and the Microfinance Support Center Limited (MSC).

Participants also visited a number of organizations in Jeddah, including KAU, IDB, THIQAH, SEDCO Capital and the National Commercial Bank.

Some of the prominent trainers included Dr. Sami Al-Suwailem, Mr. Khalid Gama, Dr. Ahmed Belouafi and Dr. Mansoor Durrani.

Bashair A. Alnahari, a participant from SAMA, said: “It was one of the most valuable and enjoyable programs I have ever attended.”


Malabar: Starlet Tamannaah opens new gold outlet in India

Updated 20 August 2019

Malabar: Starlet Tamannaah opens new gold outlet in India

Global jewelry retailer Malabar Gold & Diamonds launched its new showroom at Bannerghatta Road in Bengaluru on Aug. 16 — 26th in the state of Karnataka, India.

Indian film actress and Malabar Group’s brand ambassador Tamannaah Bhatia inaugurated the showroom in the presence of Chairman M.P. Ahammed, Managing Director (India Operations) Asher O, management team members of the group along with customers, media persons and guests. 

The showroom has an extensive collection of traditional and modern designs in tune with the taste of jewelry lovers. The group offers exquisite and beautiful jewelry — Ethnix — Handcrafted Designer Jewelry; Era — Uncut Diamond Jewelry; Mine — Diamonds Unlimited, Divine — Indian Heritage Jewelry, Precia — Gem Jewelry; and Starlet — Kids Jewelry. 

Malabar Gold & Diamonds has a product range that caters to tastes of all age group.

“We are thankful for the trust reposed by the customers. We are further expanding in the state of Karnataka in the days to come. We are committed to ensuring value for money to the customers by providing with high-quality products, new technology and through sincere trade,” said Ahammed.

Malabar Gold & Diamonds offers life-long maintenance service, one-year free insurance, zero deduction for gold exchange and buyback guarantee for all jewelry. 

The group has a retail network of 250 outlets spread across 10 countries.