Islamic Banking and Finance in New Orleans

FAAIF Announces a Two Day Workshop on Islamic Banking and Finance in conjunction with AlHuda CIBE and the University of New Orleans, October 6-7, 2014 

FAAIF enters the US markets with Islamic Finance. 

FAAIF, continuing with its commitment to bring Islamic finance to the United States, announces a joint-training workshop in Islamic Banking and Finance in conjunction with the Al Huda Center of Islamic Banking and Economics and the University of New Orleans October 6 and 7, 2014 in New Orleans, Louisiana, USA. FAAIF CEO Camille Paldi is looking forward to this tremendous opportunity to bring Islamic finance to the people of the United States, which is her home country, and hopes that the American people are just as excited as she is about learning this distinct form of Holy Book finance. Not only does Paldi hope to enrich the lives of US citizens, she aims to help US companies stay competitive in the International financial markets and keep America strong. 

Paldi mentioned that the global Islamic financial industry is a billion dollar industry and suggests that the USA should become involved on a wider scale in order to attract funds into the United States and maintain the USA’s status as a strong force in the international economy. In addition, Paldi would like to see economic rejuvenation in depressed areas of the United States and sees Islamic finance as a tool of the people for social uplift and expansion of life opportunities. Paldi explains that Islamic finance is based on a form of interest-free Holy Book financing and profit and loss sharing where the bank acts as a finance house rather than a loan house and where the bank and borrower enter into more of a business partnership rather than a creditor/borrower relationship. Paldi elaborates that this model of finance allows the economy to grow rather than stagnate and decline from excessive debt and limits the use of destabilizing financial instruments such as derivatives. Paldi emphasizes that the life of the average American has become weighed down by a cycle of debt, which may become a lifetime trap for an American, making life more difficult than necessary. She also reveals that Islamic Finance can help the small to medium businessman/woman in times of massive corporate expansion. 

FAAIF CEO Camille Paldi is a US citizen who has lived in the United Arab Emirates for six years and has spent many years training in Islamic finance and Shariáh abroad in addition to having qualified as a lawyer in four countries. Al Huda CIBE, having conducted hundreds of successful training workshops all over the world is excited to enter the American markets to bring fascinating and complex Islamic finance and banking products and structures to citizens of the United States. Contact camille@faaif.com or info@alhudacibe.com for registration. Event Website: http://www.alhudacibe.com/usa2014/

Visitors

Lawyers, Bankers, Academics, Students, Knowedge-Seekers.

Exhibitors

Investment Banking, Finance

Al-Huda CIBE commenced its operation in Uganda for the development of Islamic Banking in East Africa

AlHuda Centre for Islamic Banking and Economics (CIBE) has initiated its operation with the brand name of “AlHuda CIBE Uganda” in East African country, Uganda. Together with Uganda, other countries of East Africa e.g. Sudan, Kenya and Tanzania etc can also be catered, where a huge Muslim population and the demand of Islamic banking already exists. Hence, Islamic Banking and Finance can flourish in those countries promptly. It is also noteworthy that Uganda, whose population is more than 36 million with 14% Muslims, is an important country in East Africa.

On the logo inaugural ceremony of AlHuda CIBE Uganda, Mr. Zubair Mughal- Chief Executive Officer of Al-Huda CIBE anticipated that the future progress of Islamic Banking in Africa, it will not only increase the economic and trade undertakings in the above mentioned countries but also it will be a stimulative cause of national development and growth in GDP. He said that future Islamic banking and finance market consists of what else than Africa and Central Asia. Moreover, Middle East’s Islamic financial institutions have already asserted their interest in Islamic finance in Africa. He said that Islamic finance will help out to alleviate poverty in Africa as Islamic Micro Finance has already been commended in the globe for poverty mitigation and economic and social development. He further said that AlHuda CIBE is commencing its services in South Africa soon to upsurge its incidence in African countries. He added that Islamic Banking is flourishing in African countries aggressively e.g. South Africa, Tanzania, Kenya, Sudan and Tunisia and many more. Many Islamic banks, Takaful companies, Islamic Fund and other Islamic financial institutions are already playing their role in the above mentioned countries successfully. 

Mr. Ahmad Abdullah, the country head of AlHuda CIBE Uganda, has said that the initiation of AlHuda CIBE setup in Uganda enjoys welcomeness and it will improve Islamic Banking in the country. He said that there is an enormous demand of Islamic Banking and Finance in Uganda. Moreover, the central bank of Uganda spreads red carpet for Islamic banking in the country.

It’s worth mentioning that AlHuda CIBE is a prominent brand name in the field of Islamic banking and finance for Advisory, Consultancy & Training. Furthermore, it has been proffering its services in South Asia, Central Asia, Middle East and Europe’s more than 20 countries for the last 8 years.