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Prosperitus Capital Partners

Contact person/department: Kamran H. Khan Co-Managing Partner Address:

Berkeley Square House London W1J 6BD

Telephone: +44 207 193 5755 Mobile: +44 7943 866 552


They are the first of their kind to launch a private equity fund. Their ideal drive and focus is centred on Sharia complaint funding and connecting the markets in the west to the markets in the Middle East. They are doing this by translating the message of Islamic Finance. Prospertious business approach is connected to both inno- vation and management of the individual asset classes. They intend to foster operations in the Middle East, North Africa. Porsperitus, also have a parallel conventional platform.

Commander Fund Asset Management Ltd

Contact person/department: Mark Randall Address:

4 Creed Court 5 Ludgate Hill London

Telephone: +44 (0) 20 7246 9940 Fax: +44 (0) 20 7246 9944

E-mail: Website:

Commander fund is primarily a conventional based asset mana- gement and operations corporation. Yet, in recent years they have been working on pioneering the closes thing to a Sharia compliant Hedge fund. They are also promoting the Middle East and develo- ping a strong client base and market presence there.

Educational Institutions The Markfield Institute of Higher Education

Contact person/ department: Mr Asim Riaz Address:

Markfield Institute of Higher Education, Ratby Lane Markfield

Leicestershire LE67 9SY Telephone: 01530 244 922 Fax: 01530 243 102 E-mail: Website:

Description: MIHE is a pioneering institution in the field of Islamic Banking and Finance education and research. MIHE works in conjunction with many other academic and professional institutions throughout the country. It currently offers PG Certificate, PG Diploma, MA and PhD programmes validated and awarded by Gloucestershire University. MIHE’s library is well established with excellent facilities, featuring superb collection of books and journals which are regularly updated. MIHE campus offers an idyllic and tranquil setting for study and learning, well suited to holding various residential courses, with all facilities like education, residential, spiritual and catering provided for.

ICMA University of reading

Contact person/ department: Bereity Address:ICMA Centre Henley Business School University of Reading Whiteknights Reading RG6 6BA UK Telephone:* +44 (0) 118 378 8239 E-mail: Website: Description (up to 40 words):* The Business School’s ICMA Centre at the University of Reading has launched the UK’s first collaborative MSc in Investment Banking and Islamic Finance, to be taught jointly with INCEIF (International Centre for Education in Islamic Finance) in Kuala Lumpur. The MSc is the first in the UK to use Islamic material taught by Islamic specialists, and aims to capture the increasing demand for the subject with an academic base and practical views on issues such as Islamic finance, economics and law.

Chartered Institute of Management Accountants

Contact person/ department: Annette Heninger, Press Officer Address: CIMA 26 Chapter Street London SW1P 4NP United Kingdom Telephone: +44 (0) 20 8849 2251. Fax: Website: Description (up to 40 words): CIMA (the Chartered Institute of Management Accountants) is the first chartered accountancy body to offer a global qualification in Islamic Finance. The aim of the course is to produce competent staff conversant in all areas of Islamic finance at both a theoretical and practical level. The course offers employers in the sector a product which should be very attractive for both their business and as part of their employee development.



Contact Person. Department : Patricia Assaad Address:

Al Moroor Street PO Box 30398

Email: Telephone: +971 2 412 1111 Fax: +971 2 412 1222

Description: Capitala are the masterminds behind some of the most beautiful and nubile real estate development in the Middle East. They are focused on striking the balance between community cohesion and good business decision making. There main project Arzanah, is a US$6 billion development on Abu Dhabi island. Located in the Zayed Grand Mosque District

Islamic Finance Glossary D Dalil Daman

Daman Khatar Al-Tariq


Da’wah Dayn

Deen Debt

Debt Service Reserve

Default Dinar A scientific argument based on reason. Guarantee, security. Taking responsibility. Also see Kafalah.

Guarantee against the travel hazards. An arrangement of mutual assistance in which losses suffered by traders during journeys due to hazards were indemnified from jointly pooled funds.

Necessity, overriding necessity. Adopting a ruling, even one that may contravene a Shari’ah rule, when one is compelled by extreme necessity, usually life or death (Usually used for the “Doctrine of Necessity,” whereby something otherwise prohibited becomes temporarily permissible).

Claim, as in Takaful. Debt. A dayn comes into existence as the result of any contract or credit transaction. It refers to a complete code of life prescribed in Islam.

Usually refers to an amount owed for funds borrowed. The debt may be owed to an organisation’s own reserves, individuals, banks, or other institutions. Generally, the debt is secured by a note, bond, mortgage, or other instrument that states repayment and interest provisions. The note, in turn, may be secured by a lien against property or other assets. Debts in different forms all imply intent to pay back the amount owed by a specific date as set out in the repayment terms.

Term used to refer to cash reserves set aside by a borrower, either by internal policy or lender covenant, to repay debt in the event that cash generated by operations is insufficient.

A failure to discharge a duty. The term is most often used to describe the occurrence of an event that cuts short the rights or remedies of one of the parties to an agreement or legal dispute, for example, the failure of the mortgagor to pay a mortgage installment, or to comply with mortgage covenants.

Currency in the form of gold coins that was used in the past. The term is still used in some Muslim countries, like Iraq.

84 Global Islamic Finance April 2012

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