Dubai, UAE, November 07, 2014 -- /EPR NETWORK/ -- Camille Paldi, CEO of FAAIF is excited to announce sponsorship of the EU Islamic Banking and Finance Summit in London, UK to be chaired by Sheikh Bilal Khan. Paldi says the time is now for Islamic Banking in the UK and continental Europe. The UK and Luxembourg have both issued successful sukuk many times oversubscribed, bringing in needed cash and funds for UK and Luxembourg businesses. Paldi also comments that European countries can bring in a lot of funds for government, infrastructure projects, and businesses through issuing sukuk (Islamic Bonds) and engaging in Islamic finance business. In addition, Paldi notes the immense potential of takaful or Islamic insurance as a business opportunity and mass consumer product in European markets. The people of Europe can benefit greatly from these innovative modes of finance and structures, which are absent of interest.
Paldi notes that fiat money may have been an invention of private bankers with the purpose of stealing the wealth of ordinary citizens through interest, inflation, and tax. Paldi adds that a financial system, which allows and promotes money to money transactions may encourage a small percentage of society to exploit the rest of society to the maximum. In regards to this situation, the money-commodity transactions of Islamic finance promotes trade, productive activity, distribution of wealth across society, justice, and a society free of exploitation and manipulation of financiers whose aim may be to profit off of people through interest and to steal the wealth of the people through various mechanisms. Paldi notes that this philosophy of interest free financing can be traced through the Holy Books including the Bible and the Torah. Therefore, Paldi proposes to call this form of finance Holy Book Finance as it also derived from and follows Christian and Jewish Laws.
Paldi says that there is an exciting line-up of speakers for this event including CEO’s of major Islamic Finance Advisories and Partners from leading UK law firms. In addition, Paldi comments that the UK and Luxembourg sukuks will be studied in detail and the European legal and regulatory framework of Islamic finance explored. Paldi says this conference may be beneficial to anyone wishing to tap into the European Islamic Banking and Finance market.
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 http://www.faaif.com.
Camille Paldi, CEO
+971 56 950 0562