New York, September 20, 2014 -- Camille Paldi, CEO of FAAIF, is excited to bring training in the sukuk structure to an American audience. Paldi says the time is now for the USA to enter the sukuk market as the UK has just issued a 200 million pound sukuk, bringing in funds for the UK government and businesses. Paldi emphasizes that the USA may get left behind if it does not enter the sukuk market and the global billion dollar Islamic finance and banking industry. In 2012 and 2013, the world saw $190 Billion in sukuk issuances. Why should the USA miss out on this global financing phenomenon?
The US has seen two major sukuk issuances including the East Cameron Gas Sukuk, which was the first ever musharakah sukuk in America backed by oil and gas assets maturing in 2006 and the General Electric Sukuk, which is an ijarah sukuk backed by aircraft leases due for maturity in November, 2014. Although the Cameron Gas Sukuk experienced some technical difficulties, the General Electric Sukuk is performing well and there is a large potential for sukuk in the United States as a capital raising instrument for American firms and government. In fact, both the state of New York and the state of Illinois have initiated state bills in their legislatures enabling sukuk transactions.
Paldi is excited to bring high profile trainers to New York including Brian Kettell, the mostly widely published author on Islamic Banking and Finance in the world and Zubair Mughal, the CEO of the prestigious Al Huda Center of Islamic Banking and Economics. This is a must attend event for anyone interested in tapping into the global Islamic Banking and Finance forum. Paldi looks forward to bringing innovate training events on similar topics to US audiences all over the nation in the near future.
FAAIF Limited is a legal and management consultancy firm servicing clients in Islamic banking, finance, and takaful. FAAIF Events is an events production and management company.
Camille Paldi, CEO