World Finance Islamic Finance Awards

September 20th, 2009 LONDON - Novethic has been awarded top honours in this year's World Finance ESG awards. Created in 2007, the awards are designed to identify industry leaders, individuals, teams and organisations that represent the benchmark of achievement and best practice in the financial world.

August 27th, 2009 LONDON - Telephony is integral. Not only for the basic day to day upkeep and management of a company, but for any firm's integrity within the twenty-first century, awash with progress and innovation.

August 27th, 2009 LONDON - Given the extent to which current markets are struggling, the need to be able to pull in the right firm to minimise loss is of great importance. These specialist firms need to be at the ready 24/7, with the necessary expertise to do an essential job.

August 11th, 2009 DUBAI, United Arab Emirates - Under the Endorsement of Dubai Chamber, the World Islamic Retail Banking Conference will be held in Dubai and comes at a time when the world economy is perceived to be gradually exiting the financial crisis. There is also a marked shift occurring on the global business landscape, with Shariah compliant banking services increasingly becoming part of the banking mainstream.

July 29th, 2009 LONDON - - 80% of Professional Advisers State Their Clients Have Been Refused an Overdraft or had it Withdrawn SME Invoice Finance, leading independent invoice discounting company, has sponsored a comprehensive survey into the attitudes and perceptions of professional advisers. The findings, based on independent research conducted with financial intermediaries in June / July 2009, reveal that alarmingly, 80% of advisers stated that clients had been refused overdraft facilities or had them withdrawn as a result of the credit crunch.

July 2nd, 2009 ROTTERDAM, The Netherlands - LGPI, the pension institution for local governments in Finland, has signed an agreement with Ortec Finance to license its Asset Liability solution for pension plans Ortec Finance PALM. The ALM solution enables LGPI to formulate ALM strategies based on Ortec Finance state of the art scenario generation, asset and liability methodologies.

June 22nd, 2009 LONDON - The World Finance 2009 ESG Awards have been announced. The winners were: Best ESG Research House, Germany WestLB AG Best ESG Institutional Asset Manager, Netherlands Syntrus Achmea Asset Management Best ESG Asset Manager, France Groupama Asset Management Best ESG Wealth Manager, Netherlands ABN AMRO Best ESG Asset Manager, Italy Eurizon Capital SGR Best ESG Asset Manager, Sweden SEB Wealth Management Best ESG Asset Manager, Brazil Itaú Unibanco Banco Múltiplo SA Best ESG Research House, France Novethic Best ESG Microfinance Consultant, International Perfect Point Partners Best ESG Asset Manager, USA ClearBridge Advisors Best ESG Asset Manager, UK Threadneedle Investment Best ESG Institutional Asset Manager, Switzerland SAM Sustainable Asset Management Best ESG Institutional Asset Manager, Norway DnB NOR Asset Management Best ESG Research House, UK EIRIS Best ESG Research House, USA IW Financial Best ESG Asset Manager, Belgium Dexia Asset Management Best ESG Wealth Manager, Switzerland Lombard Odier Darier Hentsch Group Best ESG Asset Manager, Spain BBVA Asset Management Best ESG Asset Manager, Denmark Nykredit Asset Management A/S About the Awards The World Finance awards panel, headed up by editor Alexander Redcliffe, used a wide range of criteria, and the critical eye of a collective 180 years of financial journalism to inform its decision over the most pertinent categories to include in the 2009 awards, and to establish criteria for voters to consider, such as innovation, originality and quality of product, as well as proof of market development and excellence in client representation.

May 24th, 2009 DUBAI, UAE - The Islamic finance industry gets its first dedicated training portal: IslamicAdvisory.com, Islamic Finance Training, Online. Certified by leading scholars, the portal is the first to provide streamable, interactive Islamic finance training modules "ideal for training across large-scale institutions," as one prominent user, Yusuf Jha, Shariah Controller at Abu Dhabi Islamic Bank, describes it.

May 4th, 2009 GENEVA - In April 2009, ACM (ac-markets.com) was awarded "Best Online Currency Trading Services" by World Finance at the London Stock Exchange The World Finance Awards were created in 2007 to identify industry leaders that represent the benchmark of achievement and best practices in the Financial & Business World. Based on criteria such as innovation, quality of products and market development established by the World Finance panel of independent awards adjudicators, 40'000 industry decision-makers designated ACM as the 2009 winner.

April 6th, 2009 LONDON - Operating Profits are Ahead of Expectations at GBP5.8 Million in First Full Year of Operations - Significant Balance Sheet Growth in 2008 - BLME Establishes its Position as the Leading European Sharia'a Compliant Financial Institution Bank of London and The Middle East plc ("BLME"), the London based Sharia'a compliant wholesale bank, has today announced full year 2008 results, reporting an operating profit of GBP5.8 million. The result compares to the GBP0.3m operating profit previously reported for the 17 month (start up) period from 7 August 2006 to 31 December 2007.

March 29th, 2009 ALIGARH - Greed and individualism must give way to a cooperative approach of Islamic financial system to rid the world of the current economic meltdown, a renowned Muslim scholar said Sunday. Nejatullah Siddiqui, the scholar, was speaking at the inaugural session of the conference on Islamic Finance and World Economy organised by the Department of Business Administration, Aligarh Muslim University in collaboration with the Taqwaa Advisory and Shariah Investment Solutions (TASIS).

June 1st, 2009 NEW DELHI - S. S. Palanimanickam joined as Minister of State (MOS) in the Ministry of Finance here on Monday.

September 5th, 2009 LONDON - Finance ministers of the Group of 20 (G20) countries Saturday pledged to give India and other emerging economies a greater voice in the running of the International Monetary Fund (IMF) and other global financial institutions. In their final communiqu issued here after Sep 4-5 meetings of the group representing 80 percent of world GDP, the finance ministers pledged to implement reforms to the World Bank by Spring 2010 and the next IMF quota review by January 2011.

September 2nd, 2009 NEW DELHI - Union Finance Minister Pranab Mukherjee on Wednesday said he talked to Andhra Pradesh's Finance Minster K.Rosiah regarding the tragic incident of the State CM Y.S.Rajasekhara Reddy. "I have talked to the State Finance Minister.

March 31st, 2009 NEW DELHI - High interest rates coupled with an uneven spread of micro-financial institutions are among the major reasons for credit still not being available to a sizable portion of the underprivileged, experts said Tuesday. 'There is an uneven spread of the micro-finance movement,' B.P.

September 25th, 2009 CHENNAI - City-based Cholamandalam DBS Finance, a non-banking finance company, has decided sell its mutual fund subsidiary Cholamandalam Asset Management to L&T Finance for Rs.45 crore. "We have been taking several initiatives to strengthen the company's core business.

September 7th, 2009 NEW DELHI - G-20 countries have decided to continue with the stimulus packages till the global economy is fully revived, Finance Minister Pranab Mukherjee said on Monday. The club of finance ministers of developed and developing nations also agreed to postpone the "exit strategy" till the full recovery of the world economy.

June 11th, 2009 KOLKATA - Non-banking finance company SREI Infrastructure Finance Wednesday said it will cut its benchmark rate by 100 basis points from July 1. "SREI Infrastructure Finance has announced a drop in its benchmark rate, SREI benchmark rate (SBR), by 100 basis points from 16 percent to 15 percent with effect from July 1," a company statement said.

January 5th, 2009 NEW DELHI - International Finance Corp (IFC), a World Bank member organisation, Tuesday anounced it will spend $6 billion to support the private sector in emerging markets hit by the global financial crisis. IFC will double the existing global trade finance programme to $3 billion over a three-year period to meet a large increase in demand for short-term trade finance.

July 29th, 2009 KOLKATA - State-run Central Bank of India plans to raise its stake in its housing finance arm Centbank Home Finance, a top official said here Wednesday. The bank is planning to acquire the stakes of its two partners - Special Undertaking of UTI (SUUTI) and Urban Development Corp Ltd (HUDCO) - in Centbank Home Finance, S.