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Islamic finance – conservative, safe and growing dramatically


Themes: Finance

New Executive Education programme for Cambridge Judge Business School

Cambridge Judge Business School is launching a new executive programme focused on the Islamic finance industry, which is fast becoming a crucial component of the global financial picture.

It is predicted that the assets of Islamic banks will reach US$6.5 trillion within the next decade, the fastest growth rate in the worldwide banking industry.

Islamic finance is regarded as more conservative and much safer says Dr Kamal Munir, Reader in Strategy & Policy at Cambridge Judge Business School, who will lead the two-day programmes to be staged in Cambridge, Dubai and London.

He feels that as Islamic banks weathered the financial crisis better, outperforming all conventional banks, they have triggered reconsideration about the nature of the banking system and the risk it entails.

“A number of regulators as well as ordinary savers or customers have started gravitating towards some sort of a model which is more sensible, more ethical, fairer and which takes fewer risks.

“A lot of people have been coming towards Islamic finance. People or institutions such as IMF and so on have been publishing papers on how it provides a much more stable financial system.”

This purpose of the Islamic Finance programme is to reveal the essential dynamics of competing in the Islamic finance environment. It is aimed at a broad cross-section, from bankers involved in both conventional and Islamic banking, fund and wealth managers, regulators or those either new or intending to work in the Islamic finance sector.