Kipp Report Magazine has recently featured an article written by Edcomm Banker’s Academy’s Dr. Linda Eagle on exporting Islamic Banking services outside of the Middle East.
New York, NY, March 31, 2011 — Kipp Report Magazine has recently featured an article written by Edcomm Banker’s Academy’s President and Founder, Dr. Linda Eagle, on the subject of exporting Islamic Banking services outside of the Middle East. Published on Jan. 9, “Islamic Banking Extends Beyond the Middle East” addresses how the growth of this market segment provides a new opportunity for financial institutions located in the Middle East to export their business outside of the region to serve the more than 1 billion Muslims living worldwide.
In the article, Dr. Eagle explains how the security of the Islamic banking market is attracting attention from many countries outside of the Middle East, who as a result, are showing an increased willingness to embrace Sharia-compliant banking products and services. Due to its more cautious attitude towards money, Islamic banking has remained steady and largely unshaken by the global financial crisis. Instead of using financial instruments as derivatives, Sharia law bans insurance and investment gains, as well as excessive risk-taking and trading in debt, which helps protect individuals from loosing out even if the economy suffers.
According to Dr. Eagle, in order to be successful in taking their products and services abroad, Middle Eastern financial institutions need to implement comprehensive training for their employees. “Through training, banks will be able to build a well-educated staff that is familiar with Sharia-compliant banking products and services and prepared to effectively communicate them to their customers,” said Dr. Eagle.
For more information about programs like this, or to find out how The Edcomm Group Banker’s Academy can customize any training program, log onto www.bankersacademy.com or call +1.212.631.9400.
Kipp Report is the Middle East’s first online-only business magazine and acts as a forum for business-minded workers to discuss innovation and best practices by offering a daily stream of news, analysis, opinion, slideshows, podcasts and business-related videos through its website.
The Edcomm Group Banker’s Academy is a 23-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share – providing bottom-line results. The Edcomm Group Banker’s Academy has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, online bank training and classroom instruction, multimedia production and online and print based documentation. Edcomm Banker’s Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).
The Edcomm Group Banker’s Academy (www.bankersacademy.com) is headquartered in New York City with locations and representation throughout the world.
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Contact:
Dr. Linda Eagle
Edcomm Banker’s Academy
21 Penn Plaza, Suite 1010
New York, NY 10001, USA
Fax: 212.631.0659
Tel: 212.631.9400
[email protected]
http://www.bankersacademy.com
