Counselling Sessions With Markfield Institute Of Higher Education in Islamic Finance

The Markfield Institute of Higher Education (MIHE), situated near the city of Leicester in the UK, is a pioneering institution in the field of Islamic education and research, offering a wide range of Postgraduate Certificates, Postgraduate Diplomas, Masters and PhD programmes validated and awarded by the University of Gloucestershire, according to a press release. The courses currently offered by MIHE include Islamic Banking and Finance, Islamic Education, Islamic Studies and Muslim Community Studies.

In 2009, MIHE signed two Memorandums of Understanding in Brunei – one with Bank Islam Brunei Darussalam (BIBD) for the provision of training in Islamic Banking and Finance for BIBD’s staff, as well as another with Universiti Islam Sultan Sharif Ali (UNISSA) for cooperation in the area of higher education.

MIHE is accredited by the British Accreditation Council and approved by the United Kingdom Border Agency as a Tier 4 student sponsor. Representatives from MIHE have been visiting Brunei very regularly since 2008 for the purpose of establishing cooperation with educational institutions in Brunei and for promoting the Postgraduate Courses available from them.

source : brudirect

Islamic banks way ahead of conventional banks

The asset-base of the Islamic banks increased by 13.3 per cent in Oct-Dec 2009 compared to 7 per cent growth in total assets, posted by conventional banking system during the same period under review.
According to the SBP latest report, Islamic banking operations remain profitable and steady in Dec-09 quarter. Growth in assets of Islamic banking continued to surpass the growth of assets in conventional banking by expanding the share of Islamic Banking Institutions (IBIs) in the industry as a whole.
Report stated despite decline in the rate of infected portfolio during Dec-09, increasing Non-Performing Finance (NPFs) remains the key challenge facing IBIs since the first quarter of CY09.
The NPFs to financing ratio decreased by 20 bps to 6.3 per cent amid healthy growth in financing. Category-wise analysis shows continuous increase in NPFs in loss category which now constitutes almost half of the NPFs.
However, increase in NPFs has resulted in marginal change in provision largely due to enhancement of FSV benefit on classified loans. Resultantly, net NPFs to financing ratio increased and provision coverage ratio declined. Increasing net NPFs also deteriorated the capital impairment ratio by 1.5 percentage points during Oct-Dec 2009. Sector wise analysis depicts that textile, others and individuals have the major share in financing. However, infection ratio is quite high for the sectors of automobile & transportation equipment and textile. As per the report revelations, the balance sheet composition of Islamic banks remains stable during the quarter.
Nevertheless, in line with the historical quarterly trend, most components saw improvement during Dec-09. On the asset side, significant increase took place in financing and investments.

source : nation