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© 2009 IFAAS. All rights reserved.
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Birmingham & Islamic Finance New opportunities Mohammad Farrukh Raza Managing Director IFAAS Group (UK & France) Aston Business School Birmingham – 2 nd June 2009
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IBB Head- office 2004 IFAAS UK 2007 Several law firms providing specialist legal services Birmingham’s latest export commodity – expertise in Islamic Finance 2009 IFAAS opens office in Paris 2008
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UK’s 2 nd largest city and 2 nd largest Muslim population Largest concentration of professional services outside London Recruitment and skills pool Excellent connections within the country, across Europe and the world beyond Travel time to London almost similar to some commute times within greater London Significantly cost-effective for businesses & employers Interesting investment opportunities for foreign investors Hypothetically, the largest pool of employees with practical experience in Islamic finance
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Promote & position as the London alternative Full support from the local key players i.e. BCC, LIB, WMBC, IBB & IFAAS etc Capacity building within the local pool of professionals by way of cooperation and training etc Linking Birmingham with other hubs of Islamic finance – Dubai, Bahrain, Kuala Lumpur and Paris etc Targeting the mid & back offices services of financial institutions Targeting inward investments
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Current global financial crisis Internal budgetary issues at potential clients Cost of relocation for existing businesses Integrating the services & support offered by various stakeholders Filling the gap in academic offer Boosting Birmingham’s image as a world class city Lack of glamour and romance
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Islamic Bank of Britain – the most known & highly respected Islamic finance brand leading the way in retail banking IFAAS – a unique expertise in Shariah Compliance, Product Development & Structuring, Shariah Audit, Marketing & Communications Strategies and Training A number of law firms with hands-on experience in Islamic contracts Unprecedented support from the local authorities Growing interest from the local academia
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info@ifaas.com 08444 821 941 www.ifaas.com
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