IIFF takes off with the 'poorest'
United Arab Emirates: Monday, April 14 - 2008 at 09:50
The International Islamic Finance Forum (IIFF) took off yesterday in Dubai with 'Banker to the poor' Professor Yunus, the founder and Managing Director of Grameen Bank, explaining how the bank operates, giving priority to the poorest customers, instead of the richest as compared to conventional banking. Grameen Bank has issued more than $5.1bn in loans to 5.3 million borrowers, maintaining a hugely successful repayment rate of 99%. IIFF will discuss topics ranging from harmonisation of Islamic finance; the growth of Sukuk; the potential of Takaful; accounting standards; social responsibility; alternative asset classes; treasury management; hedge and electronic trading funds.
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Medilyn Manibo, Assistant News EditorMonday, April 14 - 2008 at 09:50 UAE local time (GMT+4)
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