FAAIF Announces Two Day Workshop on Islamic Finance and Banking

USA, June 23, 2014 -- Al Huda CIBE and FAAIF, continuing with their commitment to bring Islamic finance to the United States, announce a joint-training workshop in Islamic Banking and Finance in conjunction with the University of New Orleans October 6 and 7, 2014 in New Orleans, Louisiana, USA. Al Huda CIBE, having conducted hundreds of successful training workshops all over the world is excited to enter the American markets to bring fascinating and complex Islamic finance and banking products and structures to citizens of the United States.

FAAIF CEO Camille Paldi is looking forward to this tremendous opportunity to bring Islamic finance to the people of the United States, which is her home country, and hopes that the American people are just as excited as she is about learning this distinct form of Holy Book finance. Not only does Paldi hope to enrich the lives of US citizens, she aims to help US companies stay competitive in the International financial markets and keep America strong. Paldi mentioned that the global Islamic financial industry is a billion dollar industry and suggests that the USA should become involved on a wider scale in order to attract funds into the United States and maintain the USA’s status as a strong force in the international economy. In addition, Paldi would like to see economic rejuvenation in depressed areas of the United States and sees Islamic finance as a tool of the people for social uplift and expansion of life opportunities. Paldi explains that Islamic finance is based on a form of interest-free Holy Book financing and profit and loss sharing where the bank acts as a finance house rather than a loan house and where the bank and borrower enter into more of a business partnership rather than a creditor/borrower relationship. Paldi elaborates that this model of finance allows the economy to grow rather than stagnate and decline from excessive debt and limits the use of destabilizing financial instruments such as derivatives. Paldi emphasizes that the life of the average American has become weighed down by a cycle of debt, which may become a lifetime trap for an American, making life more difficult than necessary. She also reveals that Islamic Finance can help the small to medium businessman/woman in times of massive corporate expansion.

FAAIF CEO Camille Paldi is a US citizen who has lived in the United Arab Emirates for six years and has spent many years training in Islamic finance and Shariáh abroad in addition to having qualified as a lawyer in four countries.

FAAIF Limited is a legal and management consultancy firm servicing clients in Islamic banking and finance, and takaful. In terms of the FAAIF Islamic banking operation, FAAIF aims to assist institutional clients develop Islamic windows including ensuring Shari’ah compliance, segregation of funds, and accounting standards and constructs comprehensive and fully functional Islamic finance departments in law firms. The FAAIF team also provides training and consultation regarding all aspects of ethical and Islamic finance to the wider professional arena. FAAIF Events is an events production and management company.

Contact:
Camille Paldi
FAAIF
Dubai, UAE