Dubai Bank sponsors Islamic Finance Forum in April

In a move that reinforces its commitment to furthering knowledge-sharing in the Islamic Banking sector, Dubai Bank has announced its Diamond Sponsorship of the upcoming International Islamic Finance Forum (IIFF), which will be held at the Jumeirah Beach Hotel from 13to 17 April 2008.

The forum will host interactive workshops covering Islamic micro finance, retail banking, treasury management, accounting, alternative asset management, Sukuk structures and emerging Takaful development. Mr Ahmed El Shall, CFO of Dubai Bank, will be speaking at the event on the subject of Liquidity Management Challenges faced by Islamic Banks.

Commenting on his participation in the forum, Mr El Shall said, 'As a representative of Dubai Bank, I am proud to be participating in the prestigious IIFF. Our presentation will be looking at the Central Bank's taskforce on liquidity management solutions for Islamic Banks, and focusing on the solution proposed by the taskforce and approved by Shari'a scholars representing the Shari'a Boards of all UAE Islamic Banks. We will also be addressing the future steps that need to be taken to implement this solution.'

Mr Abdulaziz Al Muhairi, Dubai Bank's CEO, said, 'We believe that our extensive experience in the area of Islamic finance and our status as a Shari'a-compliant bank makes us eminently qualified to make a significant contribution to this forum in the area of Islamic alternatives to conventional banking.'

'Our familiarity with the current requirements for accredited Islamic Finance institutions will allow us to present topical information on the issue of alternative Islamic banking options and solutions, and I am confident that our contribution to the discussions, through Mr El Shall's presentation, will be beneficial to the area of Islamic finance as a whole, not only in the Middle East,' Mr Al Muhairi continued.

The forum will be attended by a number of important figures in the world of Islamic Finance, including 2006 Nobel Peace Prize Winner Professor Muhammad Yunus, who will be addressing the topics of economic and social development and ethical financing and micro financing in the Muslim World.

Dubai Bank is one of the fastest growing ethical and Shari'a-compliant banks in the UAE. The bank's commitment to providing highly competitive Islamic alternatives to conventional banking promises to cement their ever-increasing influence in the market