Islamic Finance has developed tremendously over the years,
especially during the last five years. Governments and financial
intermediaries throughout the globe have explored and implemented this new
financial system, which is based on Shariah principles and contracts.
Sukuks are issued by Governments and Multinational Corporations, giving
them the opportunity to access a wider spectrum of investors.
RAM Ratings Lanka is organizing a workshop titled "Islamic
Finance: Reality or Myth" on 19 March 2009 at the Cinnamon Grand. The
workshop will be conducted by Roslan Abdul Razak, Director of Training and
Shariah Business Advisory of Islamic Banking and Finance Institution of
Malaysia. Roslan, a veteran in Islamic finance in Malaysia played a
significant role in Malaysia’s maiden sukuk issuance in 1994.
RAM Ratings Lanka is a SEC registered credit rating agency and will be
organizing various educational events to build capacity in the local
capital markets. This workshop is designed to expose and provide valuable
insights to the participants on the pillars and foundation of Islamic
Finance. Participants would be taken for a tour and explore into the
ethical world of Islamic finance. Along the journey, misconceptions,
issues, challenges as well as the prospects of Islamic, finance in various
Islamic markets, will be addressed.
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