Workshop on Fundamentals of Islamic banking and finance held in Dubai

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Tuesday 27 Oct 2015 - 13:14 Makkah mean time-14-1-1437 (Image from DFSA) Dubai, (IINA) - The Dubai Financial Services Authority (DFSA) hosted on Sunday a workshop on Islamic finance as part of its Bawabaty (My Gateway) initiative that was launched last year, Dubai Financial Services Authority (DFSA) website reported. The event was aimed at meeting the needs of UAE Nationals wishing to pursue a career in financial services, and providing lifelong learning opportunities for local community, in addition to supporting community education in financial services. Bawabaty's second event focused on Fundamentals of Islamic banking and finance, which is in line with the vision of the UAE Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed Bin Rashid Al Maktoum, of making Dubai the capital of Islamic economy. Through this workshop the DFSA contributes to the local community by raising awareness of differing aspects of Islamic finance in specific and in financial services generally. Specifically tailored for UAE Nationals from universities and government entities across the UAE, the workshop covered areas of Islamic business ethics, Islamic economics and introduced participants to the views of renowned scholars. The workshop was highly interactive, and participants completed a written assessment at the end of the workshop. The top ten participants will be selected by the DFSA to attend the formal examination administered by Chartered Institute for Securities & Investment (CISI) for an opportunity to obtain a certified qualification on fundamentals of Islamic banking and finance. The remaining participants will have the option of attending the examination at a 50 percent discount. The DFSA has continued its partnership with CISI, a respected professional body for those who work in the securities and investment industry in the UK. CISI developed and provided the training material for the workshop, and the training was conducted by one of the DFSA Islamic Finance Experts, Basheer Ahmad. Waleed Saeed Al Awadhi, Director, Operations and Corporate Affairs of the DFSA said: "We are very pleased to host this workshop and to contribute towards the "Dubai the Capital of Islamic Economy" initiative The event attracted some 50 participants who were welcomed from a number of universities and government entities across the UAE. The participants were exposed to lively, well-informed and instructive discussions, allowing for fruitful exchanges of ideas and opinions on a wide range of issues related to Islamic finance in the business environment internationally and in the UAE.  SM/IINA