O mankind, eat from whatever is on earth [that is] lawful and good and do not follow the footsteps of Satan. Indeed, he is to you a clear enemy. Surah Al-Baqarah [2:168]
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Press Release
Japan can get better financial positioning in Int’l market through Islamic Finance
Islamic Finance is not only confined in Muslim countries now but Non-Muslim countries also getting ample benefits from it.
11th December, 14.
Japan can get better financial positioning in Int’l market through Islamic Finance
(Dubai - UAE) Japan, the country of lowest interest rate and third largest national economy of the world, has big potential to get better financial positioning in international and regional financial markets by virtue of Islamic Banking and finance which is a missing component of Japanese financial industry, it was stated by renowned Islamic financial expert, Mr. Muhammad Zubair Mughal, the Chief Executive officer, AlHuda Center of Islamic Banking and Economics during his recent participation in Japan Halal Forum in Tokyo and meetings with different stake holders of banking and finance industry in Tokyo.

He mentioned, Islamic finance is now not only confined to Muslim world but non-Muslim countries are also equally benefitting from it, as we have very good examples of USA, South Africa, U.K and many other non-muslim countries, therefore, Japan have a good proposition to expand its financial Mix by entering this niche market which will not only develop financial and economic activities within the country through different unique feature of Islamic Banking and Finance products but also help out to increase their financial ties with other regional financial centers i.e Malaysia, Indonesia, Singapore etc and expand financial vision to Muslim world especially oil rich Muslim states i.e. UAE, Qatar, KSA etc. which will assist to diversified the product mix of Japanese financial industry. He mentioned that to enter into Islamic financial market is not a new phenomena for Japan financial industry as some of the Japanese Banking and financial companies are already providing Islamic Banking and Takaful ( Islamic Insurance ) services in Malaysia, Middle east and some other countries, even Japan also have experience to issue the Sukuk after the amendment in financial regulatory regime for the facilitation of Islamic financial products which was highly appreciated in international financial industry. Asian Largest Stock Exchange (Tokyo Stock Exchange) can also attract new investor base through Islamic indices and Sukuk listing which would be another milestone for the Japanese Economy.

He revealed some beneficial facts about beneficial use of Islamic Finance in Japan, as Islamic Banking and Finance products are primarily based on trade based modes which creates real economic activities, in the result the expected returns will be very good and creates the jobs, entrepreneurship and other business advancements which will definitely develop more returns/profits comparatively low interest rate benchmark of Japanese banking market. He also mentioned that Islamic Banking and Finance also develop Halal industry in Japan which will supplement Halal food export, attract millions of new tourist through Halal Tourism concept and other develop other allied services in Japanese market.

Zubair Mughal said that AlHuda Center of Islamic Banking and Economics has long term vision to develop Islamic Banking and Finance industry in Japan, at the initial stage, we are offering capacity building services for Japanese banking and Financial market, and pleased to announce different specialized training workshops for Islamic Banking and Finance industry in Tokyo at the end of February, 2015 with the Association of Nippon Asia Halal Association, all these programs will be conducted in Japanese language.

About AlHuda CIBE:
AlHuda Center of Islamic Banking and Islamic Economics (CIBE) is a well recognized name in Islamic banking and finance industry for research, advisory and capacity building over the last ten years. The prime goal has always been to remain stick to the commitments and provide state-of-the-art Advisory Consultancy and Education through various well recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Trainings Workshops, and Islamic Microfinance and Takaful Consultancies etc. Side by side through our distinguished, generally acceptable and known Publications in Islamic Banking and Finance.

We are dedicated to serve the community as a unique institution providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 25 Countries for the development of Islamic Banking and Finance industry so far.

For further Details about AlHuda CIBE, please visit: www.alhudacibe.com

For Media Contact:
Ms. Shaguftta Perveen
Manager Communications,
shaguftta.perveen@alhudacibe.com
 
 
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