São Paulo had a lecture on Islamic banking-Latin American is a target for Shariah Finance
According to information supplied by the association, the lecture will cover the following topics: Why learn about it?; The history of the region; Petroleum; Financial market principles in Islamic countries; Usury and payment of interest; Products; Eurobonds; and Future. A debate will also be held.
The Islamic financial market, governed by the Sharia – a set of rules based on religious tradition –, is growing in the Arab world and outside of it. In Brazil, the ABC Bank, which has predominantly Arab capital, offers credit contracts under the Sharia.
In the face of the international community’s growing interest in investing in Brazil and the rising liquidity prompted by oil prices in the Arab world, many Brazilian financial institutions are seeking to attract investors from the region, therefore greater knowledge of the Islamic system is required.
This, by the way, was an issue raised by the audience during a seminar held recently in Dubai, United Arab Emirates, by Brazilian capital market representatives. The Securities and Exchange Commission (CVM) committed to organise a conference on the matter this month.
Lecture: “Islamic Banking”
Telephone: (+55 11) 3107-1571
E-mail: [email protected]
Date: June 10th, 2008
Time: from 04:00 pm to 06:00 pm
Place: Apimec-SP auditorium, Rua São Bento, 545, 5th floor mezzanine, Centre, São Paulo – SP
*Translated by Gabriel Pomerancblum