July 2015

July, 2015

Issue 1

Institute of Finance

& Management

In the First Issue:

IFM: Introduction

IFM Strategic Partners

IFM Certificates

Highlights: Latest News

Mark Your Calendar

Highlights:

IFM signs MoU with ECT

IFM signs MoU with HBMSU

IFM signs MoU with IIRA

IFM signs MoU with ICRA

IFM signs MoU with IIIW

Monthly Newsletter- July 2015

Based on a sagacious

and strategic vision,

which supports the

concepts of Islamic

Economy, and seeks to

spread the same to the

world, and under the

umbrella of the

initiative of his

Highness Sheikh Faisal

Al Qassimi “Seek

Knowledge”, IFM, the

training institute

specialized in Islamic

financial, banking and

administrative training,

was launched.

Institute of Finance & Management (IFM) Islamic Economy Knowledge Infrastructure

IFM provides a unique

range of certificates

with global partners.

IFM also presents the

services of professional

training to individuals,

establishments, banks

and organizations, by

providing occupational

training programs and

advisory services

specialized in Islamic

Economy, in addition

to other training

programs that support

the banking and

financial institutions by

means of an elite of

specialized experts and

trainers. IFM conducts

also conferences related

to Islamic Economy

globally.

IFM seeks to provide

training programs for

world certificates

issued by recognized

global institutions such

as IIRA, IICRA, IIFM,

IIIW, MIM and ICPAP.

In addition to this, IFM

provides a wide

spectrum of

management courses.

programs to cope with

the needs of the global

market through an e-

learning platform.

Useful Links:

www.ifm.co.ae

www.acrie.ae

www.aafaq.ae

businessislamica.com

www.dcibf.ae

MARK YOUR CALENDAR

Workshop on Islamic Arbitration with Hamdan BM smart University on

Sept 19th 2015

Page 2 of 5 Page 2 of 5 IFM Monthly Newsletter

“The MoU establishes

a framework for

developing human

capital, resources and

capabilities in Islamic

Finance.”

Emirates College of

Technology has recently

stepped forward through

signing a Memorandum

of Understanding with

the Institute of Finance

and Management, a

pioneering consultancy

and training institute, on

June 23rd, 2015. By

signing this MoU,the two

parties expressed their

willingness to cooperate

with each other in

IFM & Emirates college of Technology Sign MoU

aafaq Islamic Finance,

a leading provider of

Islamic finance

products and e-

government services in

the UAE, has recently

signed a Memorandum

of Understanding

(MoU) with the Dubai

Centre for Islamic

Banking and Finance

(DCIBF) of Hamdan

Bin Mohammad Smart University (HBMSU).

Aafaq and HBMSM Sign MoU

IFM and IIRA, the

international Islamic

Rating Agency signed

a collaboration

agreement to issue a

joint professional

certificate in Credit

Risk analysis, on the

IFM and IIRA Sign a cooperation Agreement in a joint Professional Certificate

enabling students of ECT

to incorporate elements

of practical experience in

its programs and

strengthen their exposure

to best practices in

Islamic Finance.

As per this agreement,

Institute of Finance and

Management will align

its professional

certificates in Islamic

Banking and Islamic

Financial Markets with

the ECT curricula to

create an equivalency in

line with the Institute of

Finance and

Management

requirements. Therefore,

ECT students may apply

for a professional

certificate from the

Institute of Finance and

Management……

To continue reading:

http://www.ifm.co.ae/Hom

e.aspx?pg=news&index=

CMSN00008

The agreement was

signed by the

University’s

Chancellor,Dr. Mansoor

Al Awar, and H.E.

Abdul Jaleel Al-Blouki,

Vice Chairman of

“aafaq Islamic Finance”, at the

HBMSU campus in the

presence of senior

officials from both sides.

The MoU establishes

a framework for

facilitating collaboration

and cooperation between

aafaq and DCIBF in

developing human

capital, resources and

capabilities in Islamic

Finance….

To continue:

http://www.ifm.co.ae/Hom

e.aspx?pg=news&index=

CMSN00005

sidelines of the

Global Partners’

Success Forum held

in March 2015.

The Islamic

International Rating

Agency started

operations in July

2005 to facilitate development of the

regional and national

financial markets by delineating relative

investment or credit risk,

providing an assessment

of the risk profile of entities and

instruments.

content to this newsletter

is to develop and write

Page 3 of 5 IFM Monthly Newsletter

Institute of Finance &

Management- IFM and

International Islamic

Center for Reconciliation

and Arbitration- IICRA

sined a memorandum of

understanding to

cooperate in issuing

professional certificates on

Islamic Arbitration. This,

on the sidelines of aafaq

Partners’ Success Forum

held in March 2015 in

Dubai.

Both parties will, through a

channel of global agents,

provide two professional

certificates On Islamic

Arbitration jointly.

The first certificate is “The

IFM and IICRA cooperate in issuing the Certified Islamic Arbitrator

Agency agreement was

signed with Arab Institute

for Accountants & Legal

(AIAL) in UAE, and Al

Bayan Center for Islamic

financial engineering in

Sudan whereby both

agents will be exclusive

training providers of IFM

global certificates in

Islamic finance.

IFM Signs Exclusive Agency Agreements with two leading training providers in UAE and Sudan

“To catch the reader’s

attention, place an

interesting sentence or

quote from the story

here.”

Certified Islamic

Arbitrator” which lasts

for a period of three

months, entitles its

holder to become a

fellow expert in Islamic

finance Arbitration with

the Center IICRA.

Conditions apply as per

IICRA requirements.

The second certificate

is Islamic Arbitration

Certificate which last

for one week and

covers the basic

concepts of Islamic

Arbitration.

It is worth mentioning

that IICRA is an

international,

independent, non-profit

organization, and one

major infrastructure

institutions of the

Islamic finance

industry.

The center settles in all

financial and

commercial disputes

that arise between

financial or business

institutions that choose

to apply the provisions

of Islamic law, Sharia

principles, in resolving

disputes arise between

these institutions and

their clients or between

them and third parties

through reconciliation or

arbitration.

To know more about the

professional specialized

certificates and diplomas

issued by IFM in

partnership with

international institutions, in

the fields of Islamic

Finance & Management,

visit IFM website on:

http://www.ifm.co.ae/Hom

e.aspx?pg=certi

Caption describing picture or

graphic.

Page 4 of 5 Page 4 of 5 IFM Monthly Newsletter

Institute of finance &

Management-IFM and

International Institute of

Islamic Waqf- IIIW signed

a cooperation agreement

on the sidelines of aafaq

Partners’ success forum

which was held in March

2015, Dubai.

Both parties agreed to

issue joint professional

IFM Signs MoU with IIIW to issue joint Professional Certificates on Waqf

“To provide a global

exposure of waqf

certificates through

Institute of Finance &

Management global

network agents”

“Our Global Professional Certificates”

certificates on waqf

management and sukuk,

in addition to a

professional diploma on

Waqf.

It is worth mentioning that

International Islamic

Institute of Waqf is located

in Malaysia and has

branches in KSA.

The purpose of the

agreement is to provide a

global exposure of waqf

certificates through

Institute of finance &

Management global

network agents.

Page 5 of 5 IFM Monthly Newsletter

Our Strategic Partners

Contacts

TEL +97147058404

FAX

+97143306222

E-MAIL: [email protected]

Website www.Ifm.co.ae

We’re on the Web!

INSTITUTE OF FINANCE & MANAGEMENT

Business Bay Single Business Tower

Floor 5, Office 501

Mark Your Calendar

ISLAMIC

FINANCE

ENCYCLOPEDIA

ACRIE pioneers in issuing the first Arabic version of the Encyclopedia on Islamic finance. A digital format of the encyclopedia will be uploaded to ACRIE website with partial access granted to the public.

Volume 1: Shari’a Framework in

Islamic Finance

Volume 2: Islamic Finance:

Concepts, Financing and

Investment Contracts

Volume 3: Emergence of Islamic

Financial Institutions (IFIs): A

Comparative Historical Study with

Conventional Financial Institutions

Volume 4: Islamic Banks: Banking

Services

Volume 5: Takaful Insurance: A

New Trend in Islamic Finance

Volume 6: Islamic Financial

Markets & Islamic Financial

Instruments

Volume 7: Islamic Arbitration

Volume 8: Islamic Waqf

Volume 9: Zakah in Islamic

Financial Institutions

Volume 10: Risk Management

and Credit Rating in IFIs

Volume 11: Governance in

Islamic Financial Institutions

Volume 12: Accounting

Treatments in IFIs

Aafaq

Center for

Research

in Islamic

Economy

……………

……………

……..Adve

nture

Works

Date of publication

5th

Floor Single Business

Tower, Sheikh Zayed

Road, Business Bay,

P.O. Box 282400, Dubai,

UAE

Phone (971) 4-705-8404

Ext.180

Fax (971) 4-330-6222

www.acrie.ae

[email protected]

مركز آفاق ألبحاث االقتصاد االسالمي

OVERVIEW

ACRIE is a platform that brings

together researchers,

academicians and practitioners in

Islamic Economy. ACRIE strives to

implement the vision of Dubai

through building strategic

partnerships with globally

recognized academic and

professional entities such as

International Shari’a Research

Academy-ISRA in Malaysia and

many other multilateral institutions

involved in research and

development.

ACRIE creates its identity and

where appropriate a shared

environment for specialist

thematic, multi-disciplinary

research bringing together

academic staff, postgraduate

students and practitioners working

on common interests. Its main

objective is to provide a

mechanism for the economy to

develop active research in the field

of Islamic economy.

OUR

VISION

To become the leading research

center in Islamic Economy

OUR

MISSION

To conduct thematic, multidisciplinary research addressing strategic and practical research questions in Islamic Economics

Target academics and

practitioners with up-to-

date information on

Islamic Economy

To be socially responsible

through assisting

academic institutions and

researchers by providing

them with accurate data

and information

To disseminate

awareness globally

through providing

directories, encyclopedia

and publications

OUR

VALUES

Social responsibility

Integrity in information

source and delivery

OUR

STRATEGIC

GOALS

Spread awareness on

Islamic Economy

Promote capacity building

OUR

OBJECTIVES

To disseminate

awareness through

providing digital and

online services and

products for use by the

biggest geographic

audience

To issue the latest

publications to academia

and practitioners

To build long term

partnerships with

multilateral institutions

and organizations

To help in capacity

building through Institute

of Finance &

Management (IFM)

OUR

SERVICES

Events

Fatawa

Standards in Islamic

Finance (IF)

Laws in IF

Mubadara (initiative)

Market induces

Consultancy Services

OUR

PRODUCTS

The Encyclopedia

Global IF Directory

In-Depth Journal

Periodic Reports

Videos

E-Books

Mobile Fatawa App

OUR

PARTNERS

Phone (971) 4-705-8404

Ext.180

Fax (971) 4-330-6222

www.acrie.ae

[email protected]