Jan 2016

January, 2016
Issue 7
Institute of Finance
& Management
In this Issue
 IFM: Introduction
 IFM Strategic Partners
 IFM Certificates
 Highlights: Latest News
Highlights:
 ACRIE to issue its second
Encyclopedia “Dubai the
world Icon”
 IFM signs a joint certificates
agreement with ECT
 Aafaq Education signs
agreement with Bahrain
University college
 IFM conducts Product
champions workshop
IFM Monthly Newsletter- January 2016
Based on a sagacious
and strategic vision,
which supports the
concepts of Islamic
Economy, and seeks to
spread the same to the
world, IFM was
launched.
IFM provides a unique
range of certificates
with global partners.
IFM also presents the
services of professional
training to individuals,
institutions, banks and
organizations, by
providing occupational
Institute of Finance & Management (IFM)
Islamic Economy Knowledge Infrastructure
training programs and
advisory services
specialized in Islamic
Economy, in addition
to other training
programs that support
the banking and
financial institutions by
means of an elite group
of specialized experts
and trainers. IFM
conducts also
conferences related to
Islamic Economy
globally.
IFM seeks to provide
training programs for
global certificates
issued by recognized
global institutions such
as IIRA, IICRA, IIFM,
IIIW, MIM and ICPAP.
In addition to this, IFM
provides a wide
spectrum of
management courses
and programs to cope
with the needs of the
global market through
an e-learning platform.
www.ifm.co.ae
www.acrie.ae
www.aafaq.ae
businessislamica.com
www.dcibf.ae
MARK YOUR CALENDAR
Credit Rating 15-16
Dec (Dubai)

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Page 2 of 16 IFM Monthly Newsletter
“World’s first
Encyclopedia on Dubai
“a colourful introduction
to Dubai through a
combination of expressive
imagery and graceful
information.”
DUBAI: To express their gratitude
towards His Highness Sheikh
Mohammed Bin Rashid Al
Maktoum, UAE Vice President,
Prime Minister and Ruler of
Dubai, for his 10 years of never-
ending monumental
achievements, Aafaq Islamic
Finance announced plans to
launch a 12-volume “Dubai: A
World Icon” encyclopedia.
The encyclopaedia which will
cover all major achievements in
12 different categories will be
released on the 10th anniversary
of the firm in November.
Abdul Jalil Albluki, Vice Chairman
of Aafaq Islamic Finance,
announced the details of “Dubai:
A World Icon” encyclopaedia in
the presence of a group of art
and culture dignitaries, executive
representatives of government,
corporate and cultural
aafaq Islamic Finance & ACRIE to launch First Encyclopedia
“Dubai Icon of the world”
institutions, success
partners of the company,
as well as local and
regional media outlets at
JW Marriot hotel in Dubai
on Wednesday.
“This November, on the
10th anniversary of our
company, we will
celebrate the illustrious
journey of renaissance led
by His Highness Sheikh
Mohammed Bin Rashid Al
Maktoum, UAE Vice
President, Prime Minister
and Ruler of Dubai, whose
ten years as a Ruler were
a never-ending series of
monumental
achievements in every
aspect of development
and innovation. Our
celebration will be in the
form of an innovative
visual encyclopaedia
which aims to be a colourful
introduction to Dubai through a
combination of expressive
imagery and graceful
information. We want the
encyclopaedia to showcase
Dubai as an exceptional icon,
peerless in the modern era,”
said Albluki.
“In line with the announcement
of ‘2016 Year of Reading’
initiative, and the responsibility
of Aafaq Islamic Finance to
highlight Dubai’s position as a
hub for Islamic finance, we are
thrilled to announce our
Encyclopaedia project, which
will be released on November
12, as a pivotal title promising
to reveal the secrets to Dubai’s
prominence as well as regional
and global leadership. This
release comes after our
previous encyclopedia about
Islamic Economics.

of 16 IFM Monthly Newsletter
“HE Alblouki explained we
have already started
working on the project’s
website, which will be
available in several
languages.”
“Starting today, we welcome all types of
strategic cooperation with any institution,
department or entity that wishes to
contribute to this project with
information, images or ideas to add to its
value and increase its luster and impact.
Moreover, we have already started
working on the project’s website, which
will be available in several languages, as
well as social media channels and other
platforms of online promotion. We are
also happy to announce a precious
dedication from the UAE’s own
ingenious poet Ali Al Khawar who will
present a poem entitled: ‘Dubai: A World
Icon’,”. Albluki added.
Albluki also revealed the commissioning
of a specialised committee of writers,
journalists, intellectuals and
photographers to select and edit the texts
and define the visual identity of topics.
This will ensure the highest quality of
this project and harmony among its
elements to maximise its impact on the
reader.
He noted the aesthetic synergy
between text and imagery that
narrates a beautiful and captivating
story in every book of the project.
Mariam Othman, Director General of
Rashid Paediatric Therapy Centre,
discussed the humanitarian aspect of
“Dubai: A World Icon” project,
which she said is one of the most
important features of Dubai’s
relationship with the outside world,
having extended its generous giving
and humanitarian assistance to all
corners of the planet. She also
emphasised that the human aspect
has always been an important
cornerstone in prosperous societies
and successful civilisations. She
added that Dubai’s renaissance
would not have been so graceful
without the integration of all the
elements of success, both human and
technological.

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IFM recently concluded the two-day training
on “Product Champion”. The training was
conducted at Villa Rotana, Dubai for the
aafaq employees from 6th to 7th of January
2016. Ten trainees were handpicked from
various departments based upon their roles in
positioning of their products. The training
was conducted by Miss Keelin Vernon, who
is a management consultant, freelance trainer
and Coach in Dubai.
Objectives of the training were to enable the
attendees understand and analyse the current
position of their product and its life cycle,
identify various tools to analysis and
understand the current market for respective
products, and how, as product champions,
create synergies with other departments.
The training was also indented to
encourage the attendees to become
decision makers to develop the product,
explore opportunities for effective
results.
The feedback of the training conducted
was overwhelming. Indeed it became a
platform for exchange of ideas and
sharing concerns among various
departments and the synergies were
made. The sessions were interactive,
group oriented and directed towards
collective achievement of the Company’s
Vision.
IFM Conducts Product champions Workshop on Jan 6th
-7th

IFM issues its series of professional training Manuals
“The first ever series of
Islamic Finance training
manuals to be available
in the market.”
In line with the vision of
H.H. Sheikh Mohammed
Bin Rashid Al Maktoum,
UAE Vice President and
Prime Minister and Ruler
of Dubai, to make Dubai
the Capital of the Islamic
Economy, IFM issued its
first series of Islamic
Finance training manuals
to cover one of the main
pillars of HH initiative.
The training manuals will
soon be in the market in
both languages: Arabic
and English with very
affordable prices.

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It is worth noting that
IFM is functioning
through an agency model
with one exclusive agent
in every country.
Through its global
partnerships with
multilateral institutions,
IFM aspires to be the
leading training provider
in global Islamic finance
professional
certifications to meet the
IFSI evolving needs in
capacity building.
The main professional
certifications are issued
jointly with IIRA,
IICRA, IIIW, ICPAP and
other partners and
accredited by FAA and
ILIE.

“The new partnership
supports the ongoing
efforts to provide the
Islamic finance
industry with highly
qualified
professionals”
Explained Dr
Mahmoud Abdulaal
aafaq Islamic Finance, a
leading provider of Islamic
finance products and e-
government services in the
UAE, through its subsidiary
‘aafaq Education,’ recently
entered into a strategic
partnership with the
University College of Bahrain
to offer an Executive Master’s
Degree in Islamic Finance in
the UAE. The Memorandum
of Understanding (MoU) was
signed by Dr. Mahmoud
Abdalaal, CEO of aafaq
Islamic Finance, and Dr.
Sheikh Khalid Bin
Mohammed Bin Abdullah Al
Khalifa, Founder and
Chairman of Board of
Trustees at University College
of Bahrain, in the presence of
senior officials and managers
from both parties.
The signing comes at a
strategic time when the
UAE is witnessing growing
investments towards human
capital to raise the bar of
Islamic finance in line with
Dubai’s efforts to achieve
the ambitious vision of
becoming the capital of the
global Islamic economy in
the coming few years.
Under the terms of the
newly concluded
agreement, the University
College of Bahrain will be
offering the Executive
Master’s in Islamic Finance
programme through select
faculty members and
administrators to ensure an
optimal learning experience
for students in line with the
highest international
standards in academics.
For its part, aafaq
Education will provide
the necessary licensing
for the provision of the
new Master’s
programme in the
UAE, in addition to the
required offices and
state-of-the-art
classrooms along with
the management of the
programme. aafaq
Education will also be
responsible for
marketing and
promoting the new
academic programme
in the UAE and the
GCC region, in order
to reach to the largest
possible segment of the
target audience.
‘Aafaq Education’ partners with University College of
Bahrain to support Islamic finance industry with elite
human efficiencies

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“This agreement will
be of great benefit in
building competences
and encouraging
investment in human
capital” Explained Dr
Mahmoud Abdulaal
Commenting on the bilateral
cooperation, Dr. Mahmoud Abdulaal
said: “The agreement with the
University College of Bahrain is a
significant addition to aafaq
Education’s network of strategic
partnerships aimed at making a
positive impact in terms of driving
faster growth and development of the
Islamic finance industry which is
considered a pivotal contributor to
the global economy. The new
partnership supports the ongoing
efforts to provide the Islamic finance
industry with highly qualified
professionals who are able to
continue the journey of excellence
and leadership in the UAE and
reinforce the country’s position on
the map of the world Islamic
economy”.
“We are honoured to partner with a
prestigious academic institution such
as the University College of Bahrain
to offer an integrated learning framework
to ensure the building of qualified
competences with a high degree of
excellence and professionalism. It will
help in addressing the growing need for
specialized manpower to deal with the
ongoing changes and developments of
Islamic banking products and services. At
the same time, it will leverage available
opportunities in the Islamic finance
industry that continues to play a crucial
role in maintaining a stable global
economy and is poised to reach a total of
USD 3.4 trillion by 2020. We are
confident that this agreement will be of
great benefit in building competences and
encouraging investment in human capital
to achieve Dubai’s 'Capital of Islamic
Economy' initiative launched by H.H.
Sheikh Mohammed Bin Rashid Al
Maktoum, Vice President and Prime
Minister of the UAE and Ruler of Dubai,”
added Abdalaal.

“Cooperating with
one of the leading
finance companies in
the UAE opens up a
new door for us to
expand our
specialized academic
programmes” Added
Dr Al Khalifa
Dr. Sheikh Khalid Bin Mohammed
Bin Abdullah Al Khalifa commended
aafaq Islamic Finance’s vital role in
supporting the UAE market with
best-in-class Islamic financial
services that comply with the highest
standards of innovation, excellence
and reliability. He underlined their
efforts to encourage research,
development and training to address
the various needs and requirements
of the Islamic economy.
“Cooperating with one of the leading
finance companies in the UAE opens
up a new door for us to expand our
specialized academic programmes
and paves the way to contribute
effectively in providing the local and
the GCC markets with highly
qualified human resources who have
the skills and talents to face emerging
challenges and take advantage of the
promising prospects in Islamic
finance, in support of the serious
efforts to promote Islamic economy,”
concluded Dr. Al Khalifa.
aafaq Islamic Finance was
established in 2006 under a clear
vision to provide innovative Islamic
financial services and products that
comply with Islamic Shari’ah to meet
the needs of the local and regional
markets. It enjoys a leading position
among reputed financial institutions,
providing a variety of high quality
and institution-oriented financial
services. aafaq adopts an ambitious
strategy that is focused on exploring
and employing available investment
opportunities within various business
sectors in the UAE and the region in
order to achieve the highest
stakeholder and client satisfaction.
The company has robust partnerships
with leading local government
entities and a number of high-level
research and academic institutions in
the region and worldwide.
Aafaq Education, a subsidiary of
aafaq Islamic Finance, is specialized
in investment and management of
academic and educational
institutions.

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Request your copy Now at ACRIE
Aafaq Encyclopedia in Arabic (12 volumes) $1000
Request your copy
ACRIE Directory in cooperation with UAB
$100
Takaful Report in Cooperation with
Hamdan Smart University
Free copy
Coming soon:
“Dubai Icon of the world”

IFM Signs MoU with Emirates
College of Technology
UAE, January 14, 2016 aafaq Islamic Finance
has recently entered into a strategic collaborative
agreement with the academic institution
‘Emirates College of Technology’ (ECT). This is
the latest key partnership in aafaq’s subsidiary
(Institute of Finance & Management) bid to
promote Islamic banking and finance and
contribute to making Dubai the capital of the
global Islamic economy through investments in
various economic sectors.
Under the MoU, Institute of Finance and
Management’ will issue joint occupational
certificates with ECT including a professional
diploma in Islamic finance focusing on the
Islamic economy, its theories and applications,
as well as topics that support banking and
financial establishments in general. The MoU
lays the foundation for strong cooperation in
terms of human resource development, research
and consultancy in the field of Islamic finance.
aafaq’s CEO Dr. Mahmoud Abdelaal and ECT’s
President Prof. Bruce Douglas Taylor signed the
MoU that also enjoins both sides to identify
other areas of collaboration to further boost their
strengths and attain their respective goals.
Prof. Taylor said: “Our agreement with IFM,
which is known for its expertise in Islamic
finance, is a big leap towards the realization
of our vision and mission. The MoU will
pave the way for us to establish mutually
beneficial initiatives that will serve our best
interests. We look forward to working
closely with IFM to explore more fruitful
development avenues.”
Dr. Mahmoud Abdelaal said: “Our
partnership with ECT is yet another valuable
opportunity for us to reinforce knowledge
and human capital capabilities in the field of
Islamic banking and finance. We are
confident that the scientific research and
consultancy components of our MoU will
further drive growth in this sector, thus
bringing us closer to our main objective of
helping establish Dubai as the capital of the
international Islamic economy. We welcome
our partnership with them as both parties are
fully committed to producing relevant and
meaningful results that will ultimately help in
the UAE’s progress.”

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Dubai Icon of the world

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Arabic Online Coverage:
"‫القادم‬ ‫نوفمبر‬ ‫في‬ "‫العالم‬ ‫أيقونة‬ ‫"دبي‬ ‫موسوعة‬ ‫إطالق‬ ‫مشروع‬ ‫عن‬ ‫تكشف‬ "‫للتمويل‬ ‫اإلسالمية‬ ‫آفاق‬
‫القادم‬ ‫نوفمبر‬ ‫في‬ "‫العالم‬ ‫أيقونة‬ ‫"دبي‬ ‫موسوعة‬ ‫إطالق‬ ‫مشروع‬ ‫عن‬ ‫تكشف‬ "‫للتمويل‬ ‫اإلسالمية‬ ‫آفاق‬"
«‫العالم‬ ‫أيقونة‬ ‫«دبي‬ ‫بإطالق‬ ‫راشد‬ ‫بن‬ ‫دمحم‬ ‫تشكر‬ ‫للتمويل‬ »‫اإلسالمية‬ ‫آفاق‬»
«‫العالم‬ ‫أيقونة‬ ‫«دبي‬ ‫موسوعة‬ ‫تطلق‬ »‫للتمويل‬ ‫اإلسالمية‬ ‫آفاق‬»
«‫العالم‬ ‫أيقونة‬ ‫«دبي‬ ‫موسوعة‬ ‫تطلق‬ »‫للتمويل‬ ‫اإلسالمية‬ ‫آفاق‬»
English Online Coverage:
GULFTODAY: New encyclopaedia to salute feats
ALPRESS: AAFAQ ISLAMIC FINANCE REVEALS THE LAUNCH OF ‘DUBAI: A WORLD ICON’
ENCYCLOPEDIA IN NOVEMBER 2016
ZAWYA: AAFAQ ISLAMIC FINANCE REVEALS THE LAUNCH OF ‘DUBAI: A WORLD ICON’
GD ONLINE: AAFAQ ISLAMIC FINANCE REVEALS THE LAUNCH OF ‘DUBAI: A WORLD ICON’
POCKET NEWS ALERT: AAFAQ ISLAMIC FINANCE REVEALS THE LAUNCH OF ‘DUBAI: A
WORLD ICON’ ENCYCLOPEDIA IN NOVEMBER 2016
MID EAST INFO: AAFAQ ISLAMIC FINANCE REVEALS THE LAUNCH OF ‘DUBAI: A WORLD ICON’
TRADE ARABIA: AAFAQ ISLAMIC FINANCE REVEALS THE LAUNCH OF ‘DUBAI: A WORLD ICON’
LIVE PR: AAFAQ ISLAMIC FINANCE REVEALS THE LAUNCH OF ‘DUBAI: A WORLD ICON’
http://www.al-press.com/index.php/ar/corporate-world-menu/corporate-world-ar/3188-2016-01-14-08-38-03
‫الظفرة‬ ‫قناة‬(‫يوتيوب‬)
https://www.youtube.com/watch?v=Ia-XLQMInUw
‫زاوية‬:
https://www.zawya.com/story/aafaq_Islamic_Finance_reveals_the_launch_of_Dubai_A_World_Icon_encyclopedia_in_No
vember_2016-ZAWYA20160114073207/
Dubai The world Icon in the media- Online Coverage

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Gulf today
http://gulftoday.ae/portal/ae5c6855-ecf2-44df-8383-f8aea169e9c7.aspx
‫البيان‬:
1.2549751-14-01-market/2016-http://www.albayan.ae/economy/local
‫الخليج‬:
-ba0f-4bde-7206-www.alkhaleej.ae/alkhaleej/page/529e85e7http://
9ccf985826e1
‫االتحاد‬:
http://www.alittihad.ae/details.php?id=1819&y=2016
‫فاصلة‬:
http://faselah.net/artical/details/1291
Contact ACRIE: www.acrie.ae / walbash@acrie.ae / Tel 0097147058404

Jan 2016

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