Badr Al Islami’s Head of Corporate and Investment Addresses International Islamic Finance Forum
Moinuddin Malim, Head of Corporate and Investment at Badr Al Islami, recently spoke at the International Islamic Finance Forum that took place at the Jumeirah Beach Hotel in Dubai.
The conference addressed the latest trends and developments in Islamic Finance, looking at sukuk structures and capital markets, emerging takaful development as well as Islamic retail banking, Islamic treasury management and Islamic alternative asset management.
Malim discussed the rapid development of the market, focusing on the core elements of Sukuk or Islamic bonds. Other key topics included current Islamic trends in the Middle East, structural adaption and the rules and regulations governing the documentation and issuance of sukuks.
“The Sukuk market is expected to grow by 35% a year to reach USD 200 billion by 2010,” commented Malim. “In 2007, the Middle East witnessed a drop in the value of Sukuk issuance but 2008 seems promising as the number of issuances is expected to increase, in a non-USD denomination.”
Moinuddin has been the Head of Corporate & Investment Banking at Badr Al Islami since 2006. He set up the Wholesale Islamic Service House in Badr Al-Islami and has been instrumental in establishing the Sukuk market in the Middle East with an aggregate US$9 billion worth of Sukuks lead arranged under his leadership. Moinuddin brings more than 18 years of experience in Islamic banking and his experience includes Corporate Banking, Structured Finance, Sukuks, Asset Management and Investment Banking.
In a short span of one and a half years, Badr has become a leading player in Real Estate Trust Account Management and is increasingly gaining the market share in other aspects of Islamic banking and finance industry. Badr Al-Islami offers a wide range of Shariah compliant corporate and retail products and aims to provide the highest level of customer service standards in the Islamic financial services industry.
