Sukuk’s Background

Financial concept base on Shariah Islam (Islamic Finance) lately has growing up rapidly, accepted universally and adopted not only by Moslem countries in Middle East but also by another countries in Asia, Europe and United States.
Several principle in finance transaction base on shareeah islam is depend on the fair agreement, profit sharing and restriction on riba (interest), gharar (uncertainty), and maysir (gambling).
One of the shape of shareeah financial instrument has been issued is sukuk. In several countries, sukuk has been government financial instrument. Recently, some countries becomes sukuk regular issuer, such as Malaysia, Bahrain, Brunei Darussalam, Uni Emirate Arab, Qatar, Pakistan, and State of Saxony Anhalt – Germany.
Emition total of international sukuk growing up fast from USD 1 billion dollar in 2002 become USD 17 billion on April, 2007. There is 14 kind of sukuk stated by The Accounting and Auditing Organisation of Islamic Financial Institutions (AAOIFI). Sukuk investor not only Moslem investor but also the biggest is conventional investor.

Risk Management in Islamic Banking: An Integrated Approach

The Global Association of Risk Professionals (GARP) UAE chapter, in association with IRIS integrated risk management, http://www.irisunified.com, organize the seminar "Risk Management in Islamic Banking: an integrated approach". The event will be held on February 21 at the Taj Palace Hotel, Dubai.

Mr. Sohail Zubairi, AVP and Head of the Shariah Coordination Department at the Dubai Islamic Bank, will provide an insight into "The fascinating aspect of self-mitigation of risks in Sharia structures for finance and investment".

The event will also feature authors of the book, "Financial Risk Management for Islamic Banking and Finance", Dr. Sunil Kumar and Dr. Ioannis Akkizidis, who will share their views on integrated risk management in Islamic Banking. Mr. Hung Wong, Senior Manager Insurance and Investments at HSBC Bank Middle East Ltd., will represent the conventional banker's perspective on risk management in Islamic Banking and Mr. Horst Simon, Head of Operational Risk at the Group Risk Management, UAE and Co-Regional Director at GARP, will approach Operational Risk issues specific to Islamic Banking.

The program will begin at 4 PM. Presentations will conclude at 7 PM followed by a dinner reception.

The event may be attended by GARP members. For event details and registrations please contact:

Sunil Kumar - info @ irisunified.com

Horst Simon - HorstS @ emiratesbank.com

Hung Wong, FRM - hungwong @ hsbc.com

About IRIS

IRIS integrated risk management ag (www.irisunified.com), formed in 1992 in Zurich, has its headquarters in Switzerland. It continuously develops, maintains and supports its riskpro? financial analysis infrastructure out of Switzerland since 1997. Delivery, implementation and consulting are executed worldwide directly by IRIS AG and indirectly in cooperation with a number of local partners.

About riskpro?

riskpro? enables financial organizations to measure and monitor risk and profitability enterprise-wide with a single cost effective integrated analysis infrastructure. riskpro? covers: Market Risk Analysis, Credit Risk Analysis, Performance and Funds Transfer Pricing, Dynamic Simulation, Strategic Enterprise Management (SEM), Limit Management, Settlement Risk, Rating / Scoring, Basel II, Regulatory Capital, Economic Capital, Capital Allocation, IAS 32 & 39 / IFRS 7, Solvency II, Asset and Liability Management, Liquidity risk Management and Analysis, Operational Risk.

These analyses cover all financial products, from saving accounts to exotic options, for any type of accepted valuation method. The underlying universal contract-centric data model and calculation engine of riskpro? ensures precision and consistency in all results. riskpro? is currently being used or implemented in over 230 small to large financial organizations in 20 countries.

What Is Islamic Banking?

What Is Islamic Banking????
Do you know what it is?

Islamic banking refers to a system of banking or banking activity that is consistent with Islamic law (Sharia) principles and guided by Islamic economics. In particular, Islamic law prohibits usury, the collection and payment of interest, also commonly called riba in Islamic discourse. In addition, Islamic law prohibits investing in businesses that are considered unlawful, or haraam (such as businesses that sell alcohol or pork, or businesses that produce media such as gossip columns or pornography, which are contrary to Islamic values). In the late 20th century, a number of Islamic banks were created, to cater to this particular banking market.(wikipedia)

Ok if you have another definition can you add your comment.
I'll waited your comment.

What is SUKUK?

What is sukuk?????
have ever hear about Islamic Investment???
If you never hear this you can read the definition below...

Sukuk (Arabic: صكوك, plural of صك sakk, "legal instrument, deed, check") is the Arabic name for a financial certificate but can be seen as an Islamic equivalent of bond. However, fixed income, interest bearing bonds are not permissible in Islam, hence Sukuk are securities that comply with the Islamic law and its investment principles, which prohibits the charging, or paying of interest. Financial assets that comply with the Islamic law can be classified in accordance with their tradability and non-tradability in the secondary markets (wikipedia)

Ok now you can understand what is sukuk, from now I will share with you my information about islamic investment and banking.