First International Consulting

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