July 31, 2008 image courtesy of: http://tinyurl.com/6a6gyj
NEW YORK, NY– Organized by Finance IQ, the 2nd Annual Islamic Finance World Summit will be held October 20-22, 2008 in New York, NY. This global forum will discuss the latest trends and solutions needed to overcome entry barriers within Islamic finance. Shari’ah scholars and advisors will be on hand, as well as asset managers, attorneys, and high-level executives to examine the opportunities in the Islamic finance market today.
Dr. Fahad Al-Zumai, a manager of legal affairs and Shari’ah compliance for the Bank of London and The Middle East plc, and also one of the notable speakers at the 2nd Annual Islamic Finance World Summit commented, “One of the main challenges in the Islamic finance industry is dealing with tax laws in Western economies, as Islamic finance is asset-based finance and this always raises a tax liability, which is a disadvantage to the industry in comparison to conventional banking.”
To read more about this conference, Please go to this link……