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5

EUROPEAN ISLAMIC INVESTMENT BANK


European Islamic Investment Bank Plc (EIIB) is the first independent, Sharia’a compliant Islamic investment bank to be authorised and regulated by the UK’s Financial Services Authority (FSA).

EIIB was incorporated in January 2005 and received its authorisation by the FSA on 8 March 2006. On 3 April, it opened for business, and on 17 May completed its IPO and was admitted to London’s AIM market.

Headquartered in London, EIIB’s range of products and services will include the following Sharia’a compliant investment banking activities:

- Islamic Treasury and Capital Markets

- Asset Management, including Private Banking

- Trade Finance and Correspondent Banking

- Advisory and Corporate Finance.

EIIB seeks to service a market for Sharia’a compliant investment banking services in Europe, the Middle East and Asia that it believes has been under-exploited by conventional and Islamic banks, and by non-banking institutions.

EIIB believes that its purely Sharia’a compliant approach, together with its independence and status as a UK quoted and regulated company, will enable it to become a leading investment bank in the Islamic financial sector, and to bridge the gap between the Islamic and conventional financial markets.

In the UK EIIB aims to attract a wide customer base including Islamic institutions and high net worth investors, investors in conventional financial markets and international institutions wishing to transact business in the Islamic financial markets.


5

THE SECURITIES HOUSE


Overview

The Securities House is a Kuwait closed joint stock company, established in 1982. The company is committed to using its human expertise and financial resources on behalf of its clients.  

Mission

We are committed to be one of the most successful Kuwaiti investment companies at maximizing shareholder's value. We will always do what we do best and seize opportunities for strategic acquisitions. We will prudently expand into new areas where we are able to utilize our skills to add value through new products and services.

We are committed to maintaining the highest standards acquired from our religion and our culture.  

Objective

We give first priority to our client's long-term interests.  

Team Work

Our team oriented decision making process gives our company and our clients the benefit of the amplitude of our capabilities.  

Philosophy

We believe that our greatest asset is our reputation. We are committed to maintaining the highest standards of conformity with our advertised values.  

International Perspective

Through our alliances with international investment houses, and our subsidiary, Global Securities House, we are able to provide our company and our clients with an exposure to different international markets and different asset classes.  

What We Do

The Securities House licenses and expertise permit its engagement in the following activities:

  • Trading in quoted and unquoted securities in the local and in international markets.
  • Portfolio management.
  • Brokerage Services.
  • Market making.
  • Underwriting new issues.
  • Establishing and managing financial and real estate investment funds.
  • Lending, borrowing and syndication of loans.
  • Lease financing.
  • Financing and brokering international trades.
  • Investment in real estate and other economic sectors.
  • Providing financial and economic consultations.

5

GLOBAL SECURITIES HOUSE


Global Securities House is an international real estate investment advisory based in Kuwait. It structures, manages and monitors real estate investment products on behalf of it clients and investors.

"GSH is a young, fresh and dynamic company. We strive to build on the firm foundation, experience and solid reputation of our parent company, continuing to deliver to our clients superior products with a higher level of satisfication."

"We are committed to seeking and providing distinctive, innovative, exceptional investment opportunities for our clients without compromising their shariah values and beliefs."

GSH’s objective is to develop new innovative products and services by combining professional investment management and Shariah values for the benefit of its investors.

We have a proven appreciation for high quality investments and have developed our own unique methodology for "cherry picking" the most attractive opportunities and expanding upon them in a manner that gives our clients confidence without compromising their return.


5

DIFX


The Dubai International Financial Exchange (DIFX) is the international stock exchange serving the region between Western Europe and East Asia.

It is unique in its region because its standards are comparable to those of leading international exchanges in New York, London and Hong Kong.

The DIFX is the gateway for regional and international investors to share in the rapidly growing wealth of its region, which includes the Middle East and the Indian sub-continent.

The exchange currently lists:

Shares
Bonds
Sukuk
Structured products

Islamic market
The DIFX is the largest exchange in the world for Sukuk by listed value ($8.38 billion). These include the 2 largest issued so far – by Nakheel ($3.52 billion) and PCFC ($3.5 billion). The exchange also has 4 Islamic index tracker products listed by Deutsche Bank.

Issuers gain the high visibility that comes from listing on the region’s international stock exchange.

The exchange will expand its involvement with Islamic finance. It has many more Sukuk listings in the pipeline and aims to introduce innovative new features to its Islamic market. This strategy is led by the DIFX Innovation and Development Department.

Growth
The DIFX aims to introduce asset classes such as exchange-traded funds and derivatives, many of which do not currently exist in the region.

The DIFX currently has 20 Members, including leading international and regional banks - ABN AMRO, Abu Dhabi Commercial Bank, Arbuthnot, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank, EFG-Hermes, Hichens. Harrison & Co, HSBC, ING Bank, Jefferies International, KAS BANK, Mashreq Capital DIFC Ltd, Merrill Lynch, Morgan Stanley, NBD Investment Bank, SHUAA Capital, Standard Chartered and UBS.


5

DD CAP Ltd


Dawnay, Day was established in 1928 and has been under its present ownership since the early 1980s. It is a privately owned group operating in select markets around the world specialising in three main activities: property investment and fund management, financial services and principal investments.

Dawnay, Day:

  • has net worth exceeding US$1.5bn
  • owns gross assets in excess of US$3bn
  • manages a further US$5bn of gross assets
  • directly employs in excess of 700 staff
  • indirectly employs in excess of 10,000 staff through companies it owns from its principal investments
  • has businesses outside the UK in Europe, India, the Middle East and Australia
  • is headquartered in Grosvenor Gardens, London SW1

The Group companies’ corporate advisory, client trading, investment management and insurance broking activities are authorised and regulated by The Financial Services Authority.

Dawnay, Day companies are members of the London Stock Exchange, the London Investment Banking Association, the London Metal Exchange, London Platinum and Palladium Market and the Alternative Investment Management Association AIMA.


5

KPMG


KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 148 countries and have more than 113,000 professionals working in member firms around the world.

Our purpose is to turn knowledge into value for the benefit of our clients, our people, and the capital markets. Our member firms aim to provide clients with a globally consistent set of multidisciplinary financial and accounting services, based on deep industry knowledge.

Our values determine how we behave, with clients and each other. They define what we stand for and how we do things, helping us to work together in the most effective and fulfilling way. This enables us to create a strong organizational culture—consistently—throughout the network.

We play an important role in the capital markets, and are highly active in supporting positive reform within our industry to strengthen credibility and confidence. We believe corporate social responsibility is at the heart of all great organizations, and are committed to making a real difference to the communities in which we operate.


5

RASAMEEL


Rasameel Structured Finance Co. KCSC is a Kuwaiti Shareholding Company with a paid up capital of KD 30,000,000, registered with and supervised by The Central Bank of Kuwait. Rasameel is focused primarily on Islamic Asset Securitization and Debt arrangements, providing Sharia’h compliant portfolio of predictable cash flow generating assets and securities in the form of both fixed and floating income issues. In addition, it provides services in investment banking, risk management, re-structuring of Balance Sheet, outsourcing of Investment Systems and financial advisory services to a wide array of institutional investors and financial companies.


5

PRICEWATERHOUSECOOPERS


PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders.  More than 140,000 people in 149 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.

“PricewaterhouseCoopers” refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.


5

INVESTMENT DAR


Investment Dar Company K.S.C (Closed) (TID), an international shareholding company headquartered in Kuwait, holds a fully diversified group, was established with a pioneering vision based on innovation, development and commitment to success. Aiming to become a leading world class financial institution since its inception, Investment Dar has embodied constant and continuous success and experienced exponential growth.

Today, Investment Dar is the largest listed investment company in the GCC employing over 400 professionals, It is a conglomerate that owns and manages a group of specialised high profile companies diversified across a broad spectrum of essential business sectors including banking, finance, investment and asset management, real estate, insurance, banking and logistics in addition to major projects on both the regional and international.

With associated projects and assets under management exceeding US$ 15 billion, Investment Dar maintained consistent financial performance and high returns on investment for its shareholders. As of 31 December 2006, Investment Dar's Return On Equity (ROE) was valued at 37.9%, whereas its Return On Assets (ROA) reached 10.6%.


5

NORTON ROSE


Norton Rose is a leading international legal practice. We offer a full business law service from our offices across Europe, the Middle East and Asia.  We are strong in corporate finance; financial institutions; energy and infrastructure; transport; and technology. 

We have been active throughout the Middle East as legal advisers in transactions, projects, disputes and ongoing commercial operations for thirty years and are market leaders in Islamic finance.

Our business law service helps our clients to build their business in the Middle East and to thrive and prosper.


5

DEUTSCHE BANK


As a leading administrator of international financings, Deutsche Bank’s Trust & Securities Services, part of the bank’s Global Transaction Banking division, is well positioned to provide a full range of services on Sukuk.

The group has an excellent track record in this area and has been involved in some of the most high profile and groundbreaking transactions, including those for Dubai Ports, Aabar, QREIC, Nakheel, Aldar and East Cameron Partners, the first Sukuk for a US originator. Because of its expertise in the area of Sharia-compliant financings, the group is often called upon to advise on how to make the latest structures work from an administrative point of view.

Deutsche Bank’s Trust & Securities Services has a long history of innovation and provides value-added solutions to meet the particular needs of each financing. It has teams of specialist staff in Dubai, London, Kuala Lumpur and New York, as well as over 20 other locations worldwide, and provides services such as delegate, transaction administrator, paying agent, listing agent, account bank, settlement agent and special purpose vehicle administrator for a wide range of structures, from straightforward stand-alone issues to complex project financings.


5

SIMMONS & SIMMONS


Simmons & Simmons is a leading international law firm with over 1,000 legal staff in 21 offices situated in key business and financial centres across Europe, the Middle East, and Asia. We believe it is who we are and how we approach our work that sets us apart from the competition. We set the highest standards in the way we operate and pride ourselves on our client focus.

We have an international team of Islamic finance lawyers based in key financial centres around our network including staff in London, Germany, the Middle East and Hong Kong.  Our teams have extensive experience in advising on Islamic finance and structured products not only in the Gulf but internationally.  Our services include advising both Islamic and conventional financial institutions, as well as corporate and governmental bodies on Sukuk, Islamic securitisation, structured Shariah compliant notes, Islamic investment funds, Murabaha, Ijara, Mudarabah and Musharakah financing transactions.  Alongside this broad range of services the Simmons & Simmons team have comprehensive experience in negotiating and discussing various Islamic financing structures with Shariah scholars and are well versed in producing top quality Shariah compliant documentation.

Our recent experience includes advising on Islamic fund formation and transactions in the aviation, real estate and energy sectors as well as advising on the set up of a new Islamic bank from scratch.

www.simmons-simmons.com


5

CLIFFORD CHANCE


Clifford Chance is a truly integrated global law firm which operates as one organisation throughout the world. Practical and forward-thinking, our aim is to provide market leading advice, combining technical expertise with a deep understanding of the commercial environment in which our clients operate.

With 28 offices in 20 countries*, the firm works within all business cultures and offers full service advice to clients in key financial and regulatory centres in Europe and the Middle East, the Americas and Asia.


5

NAPIER SCOTT


Established in 1992, Napier Scott is a financial and legal executive search company specialising in front office primary and secondary markets.

Our success over the past fifteen years has been based on two guiding principles:

  • that the accuracy of our market knowledge will determine our effectiveness, and
  • that candidates and clients are deserving of equal concern, discretion and respect.

Our 11 senior consultants have themselves all pursued successful careers in the capital markets before joining Napier Scott and now specialise in these same market sectors.

Their experience enables them to understand both client needs and candidates’ skills thereby ensuring a higher degree of accurate representation both towards the market on behalf of the client and in ascertaining candidate capabilities. We cover our areas in depth, either geographically on the distribution side or functionally from the product perspective. Our research knowledge, which is ‘marked to market’ enables us to offer our clients precise, rapid and critical market data, including detailed salary and bonus intelligence, competitor analysis, product reports and comprehensive candidate information.

Our clients range from the bulge bracket banks to specialized hedge funds and global legal practices.

In 2005 Napier Scott purchased Craig Tilly, a leading legal search company, to expand our coverage into the legal sector to bring corporate lawyers to our clients.

We identify Middle East specialists for global banks as well as technical specialists and senior executives for major regional banks. Shariah-compliant business forms an important and growing sector within our Middle East platform. A deep understanding of the Shariah-compliant market and a global knowledge of market participants has enabled us to develop a pre-eminent role in this rapidly evolving business.


5

PATH SOLUTIONS


Founded in 1992, Path Solutions is a recognized market leader specialized in the provision of Islamic and Investment software solutions for banks and financial institutions.

We offer a wide range of Islamic, AAOIFI and IAS compliant integrated solutions covering Core Banking, CSM, Investment Banking, Treasury,
Funds Management, and Trading in GCC and global Capital Markets.

Our offerings include outsourcing, project management and consulting services that address the whole spectrum of the global financial industry and in specific the Islamic financial industry.


5

British Institute of Technology & E-commerce


The British Institute of Technology & E-commerce (BITE) was established in 2000. The primary aim of the organisation is to foster and deliver capacity and skill building nationally and internationally. Our range of services includes research, education and consulting to governments, businesses and universities in innovative technology. As well as deploying our own resources, we access a wealth of combined talents from around the United Kingdom to help businesses and governments improve the way they perform.

One key aspect of our global mission is to promote British talent and bring inward investment to the UK. This is achieved in various ways, both through our own activities and through connecting interested clients with other relevant organizations. For example, some parties have been channelled to organizations dealing with inward investment, such as ‘Gateway to London’. BITE brings an extensive network to this operation, not the least of which is our links with some 500 SME’s in the London area.


BITE is constant in its awareness of changing patterns in business and in being prepared to continually embrace new ways of doing things. BITE has undergone fundamental change in recent years and will continue to do so, because we are shaped by client needs and market trends. Where we cannot meet the demand of overseas client, we still seek to promote UK business through our extensive network of collaborators.

http://www.bite.ac.uk/


5

UK TRADE AND INVESTMENT


UK Trade & Investment is the UK Government’s international business development organisation. Our teams of advisers located across the globe can help UK and overseas companies fulfil their international ambitions.

We work with businesses headquartered outside the UK at all stages of the business planning cycle and become an advocate in government and with public bodies.

We build the capacity of UK exporters by offering strategic advice, help overcoming market barriers and by raising companies’ profiles overseas through events run by diplomatic missions.

Visit the UK Trade & Investment website for up-to-date market and sector information and global business opportunities.


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| Tel: +44 (0)20 8209 1751 | Fax: +44 (0)20 8209 1079 | Email:sukuk@icg-events.com |