OUR MISSION

To actively promote the quality growth and development of Islamic financial Practices worldwide

OUR OBJECTIVES
  • To provide world class support and advisory services to financial institutions in establishing and managing Islamic banks and non-bank financial institutions
  • To identify opportunities in the public and private sectors that could function as engines of growth for Islamic banking and takaful
  • To expand Islamic banking and takaful in OIC and/or IDB member countries
  • To promote Islamic banking and takaful services as robust and viable financial operations
  • To pioneer and spearhead the innovation and development of Islamic banking and takaful services in OIC and/or IDB member countries
OUR EXPERIENCE

FIC is focused on pursuing its objectives of providing support and advisory services in Islamic finance and takaful, as exampled in our recent engagements:

  • Advisory services in the establishment of Noor Takaful UAE and formulation of its business model, initial products and providing of on-site interim support team
  • Consulting and advisory services in the establishment and operationalising of Takaful House UAE and formulation of business model, initial products, systems and designs, training and post-implementation coordination.
  • Advisory services for the establishment of the Asian Finance Bank, a joint-venture between the Qatar Islamic
  • Bank, Rusd Bank (Saudi Arabia) and the Global Investment House, a recently established Islamic bank in Malaysia
  • Advisory services for Partner-Re, Switzerland, to facilitate its entry into takaful operations in local and offshore operations in Malaysia
  • Joint due diligence on Sigma Shariah, an Islamic banking software developed primarily for the Indonesian market
  • Consulting to Central Bank of Mauritius for the development of framework and requirements for Islamic Banking and Takaful operations
  • Module writing for INCEIF Islamic banking specialised CIFP programme
  • Design and implement modular stand-alone takaful solutions and systems for Takaful operations and companies in Brunei, Gambia, Thailand, Kuwait and Mauritius
  • Design and conduct seminars and training for Islamic banking and takaful companies in Labuan, Brunei, Indonesia, Mauritius and United Kingdom
 
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