islamicbanker.com

The Global Association of Risk Professionals and the Banque du Liban recently announced the development of a new program, the Certificate in Risk Management for Islamic Financial Institutions.

The explosive growth in, and increasing sophistication of Islamic financial products has created the need for standards and guidelines for sound risk management approaches analyzing these financial instruments.

The Certificate is expected to be available in 3Q 2009.

The holistic approach to life Islam requires of individuals also affects their approach to business and financial activities. The basic tenets of Sharia'a, the part of Islamic Law that covers practices and activities, dictate that investors cannot engage in transactions that are speculative, pay interest or involve contractual uncertainty.

Globalization of the financial markets and increased wealth in Islamic regions have accelerated the trend of Islamic banking and specialized products that are Sharia'a-compliant.

Development of the Certificate program is being overseen by an Advisory Oversight Committee which consists of leading Islamic finance and risk management experts and scholars from around the world

This section will be updated once this certificate is launched.

This section will be updated once this certificate is launched.

Website: http://www.garp.com/certifications/Islamic_finance/about.aspx?ekmensel=c580fa7b_42_48_78_1

Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

US Office
GARP
111 Town Square Place
Suite 1215
Jersey City
New Jersey 07310
USA

Ph: +1 201 719 7210
Fax: +1 201 222 5022

UK Office
GARP
1st Floor
Minster House
42 Mincing Lane
London
EC3R 7AE
UK

Ph: +44 (0) 20 7397 9630
Fax: +44 (0)20 7626 9300