Global Islamic Finance Report ( GIFR ) is an annual publication, covering recent developments in the global Islamic financial services industry. It was produced by Edbiz Consulting, a London-based Islamic advisory firm in conjunction with the Cambridge Institute of Islamic Finance.
29-619: Its first Editor was Professor Humayon Dar , it is the oldest yearbook in Islamic banking and finance and is considered as the most authentic source of information in the field. GIFR is also recognised for its pioneering work on the Islamic Finance Country Index (IFCI), which ranks about 50 countries of the world in terms of their involvement and leadership role in the Islamic financial services industry. The Global Islamic Finance Report
58-596: A holding company for all the businesses he has developed over the years. Dar serves as its chairman. Following the success of his various ventures, in 2014 he founded Cambridge IFA, a company specialising in Islamic financial innovation. In addition to his advocacy of Islamic banking and finance, Dar sits on a number of Sharia Advisory Boards. He has previously sat on Sharia Boards of Allianz Global Investors (Luxembourg), Hong Leong Islamic Bank (Malaysia), Hong Leong Tokio Takaful Marine (Malaysia) and Halal Industries Group (UK). Through his Shari'a advisory role with Nasdaq OMX, he
87-536: A managing director at Deutsche Bank. Under Dar's leadership, Dar Al Istithmar emerged as a global think tank for Islamic finance. His leadership was recognised by Euromoney that presented Dar Al Istithmar "Best Islamic Advisory & Assurance" award, for both 2006 and 2007. In 2007, the team from Dar Al Istithmar was absorbed by the BMB Group , the Eastern-focused investment and advisory group led by Rayo Withanage,
116-451: A member of the Shari'a boards of Arabesque Asset Management , Abu Dhabi Commercial Bank , Omarco Holding, Hong Leong Islamic Bank Malaysia, Hong Leong MSIG Takaful, Allianz Global Investors Luxembourg, and UMEX Securities. He served as managing director at Deutsche Bank and CEO of its Islamic finance subsidiary, and has also been a visiting Professor for Islamic Finance for universities in
145-688: A new quarterly magazine, ISFIRE (Islamic Finance Review), which specialises in analyses of new trends in Islamic banking and finance. In 2011, Dar also founded Global Islamic Finance Awards (GIFA). The first awards ceremony took place in December 2011 at Muscat (Oman), where H.E. Tun Abdullah Bin Haji Ahmad Badawi, former Prime Minister of Malaysia, received the top "Global Islamic Finance Leadership Award." The second awards ceremony took place on 19 November 2012 at Kuala Lumpur (Malaysia), where HRH Raja Dr. Nazrin Shah,
174-487: A sliding scale of one (equals very poor) to seven (equals excellent) across various service categories. The survey received 20,762 valid responses in its 2012 edition. HSBC was voted top international cash manager (ICM) in the 2012 survey, published in October, breaking a five-year spell of dominance by Citigroup . Euromoney Market Data is an online service that allows its users to analyse, download and distribute data from
203-464: Is co-president of Euromoney Institutional Investor . Euromoney covers global banking, macroeconomics and capital markets, including debt and equity. The magazine features comment, profiles and interviews with chief executives and senior figures in finance. In 2004, Euromoney published the first book exclusively on sukuk investments, Islamic Bonds: Your Issuing, Structuring and Investing in Sukuk . It
232-602: Is collected on a regional and country-level basis. The winner of the 2019 Global Private Banking Survey was UBS . Credit Suisse was runner-up, with JPMorgan Chase third. The Private Banking Review is a special publication displaying data and result analysis from the Global Private Banking Survey. The Euromoney Foreign Exchange Survey is a quantitative and qualitative annual study of the FX markets published in May. The survey
261-478: Is conducted electronically over more than six weeks in January, February and march. Its key focus is client price-taking activity in an unregulated over-the-counter market without aggregated global statistics. Deutsche Bank was ranked top in the 2013 survey, for the ninth year in a row. The Euromoney Awards for Excellence single out financial institutions for 25 global awards in banking and capital markets, as well as
290-527: The Cass Business School , of London's City University, in creating and offering an Executive MBA in Islamic Finance. He holds a Visiting Professor position in Islamic Finance at Universiti Teknologi Mara (UiTM), and is an adjunct professor in Islamic Finance at COMSATS Institute of Information Technology Lahore (Pakistan). In 2005, he joined Dar Al Istithmar, a joint venture between Deutsche Bank,
319-498: The Euromoney FX Survey in a time series from 2007 through to 2011. Users can view results granularity by client type, client geographic location and client service priorities. Euromoney Market Data contains results for bank volume and market share, bank qualitative ratings and consumer preferences. Euromoney Country Risk allows users to access live data from Euromoney's country risk survey. Published semi-annually since 1993,
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#1733086191260348-541: The Global Donor Forum held in Kuala Lumpur. GIFR has since then become an influential yearbook in Islamic banking and finance. In 2009, he also founded Islamic Finance Access Programme (IFAP), which aims at providing affordable Islamic financial intelligence to the institutions and individuals seeking to learn more about the Islamic financial services industry. In 2011, Dar's consultancy firm, Edbiz Consulting, started
377-736: The Global Private Banking Review. Euromoney publishes over 24 surveys awards and league tables a year. These include the Euromoney Private Banking and Wealth Management Survey, Euromoney FX Survey and the Euromoney Cash Management Survey. Published each February, Euromoney's Global Private Banking and Wealth Management Survey, asks global private banks to identify the top providers of competitive and non-competitive services. The survey draws data from performance figures and nominations by bankers. Data
406-698: The Islamic financial services industry worldwide. Global Islamic Finance Report 2012, released in March 2012, focuses on Islamic philanthropy and social responsibility and was recognised at Global Donor Forum 2012 as the best research publication on the topic. The then Crown Prince of the State of Perak (Malaysia) and now Sultan of Perak, Nazrin Shah, presented the Best Research & Publication in Islamic Philanthropy Award to Professor Humayon Dar on 28 April 2012, at
435-556: The Oxford Center for Islamic Studies and Russell Wood, which was created to provide advice on offering financial products that comply with Islamic law. Deutsche Bank organised a series of seminars regarding Islamic finance throughout the Middle East in 2005, with which Humayon Dar emerged as an influential opinion-maker in the global Islamic financial services industry. In March 2006, Dar was named managing director of Dar Al Istithmar and
464-499: The Regent of the State of Perak, received the top "Global Islamic Finance Leadership Award." The third ceremony took place in Dubai on 26 November 2013, where HE Shaukat Aziz , a former prime minister of Pakistan received Global Islamic Finance Leadership Award for 2013. The fourth GIFA ceremony took place in Dubai on 26–27 October 2014, where HE Nursultan Nazabayev, president of Kazakhstan became
493-649: The UK, Malaysia and the Middle East. Though not a classically trained Islamic scholar, he has undergone training in the Islamic sciences, such as Quranic hermeneutics. His academic influences include Muhammad Umer Chapra , Khurshid Ahmad , Anas Zarka, Nejatullah Siddiqi and Abdul Rahman Yousri. Dar was born in Gakkhar Mandi on the Pakistani side of the Punjab province . After he finished secondary school education at his home town,
522-465: The best banks and securities houses in nearly 100 countries. The awards have run since 1992 and take place in July. New England Rock was the winner of Best Investment Firm for 2015. The Euromoney Cash Management Survey evaluates cash managers, treasurers and financial officers worldwide. Responders indicate which three banks they use most for their cash management services, and rate their lead cash manager on
551-526: The countries with significant proportion of Islamic banking and finance. Prior to joining Cambridge IIF, Dar served as Director General of Islamic Research & Training Institute (IRTI) of Islamic Development Bank (IsDB). He is also Chairman of the Cambridge-Edbiz Group of Companies, which owns Edbiz Consulting and Cambridge IFA. He is a sharia (Islamic law) advisor, Islamic economist , and advocate for Islamic banking and finance. He has served as
580-423: The fifth GIFA Laureate. Euromoney Euromoney is an English-language monthly magazine focused on business and finance. First published in 1969, it is the flagship production of Euromoney Institutional Investor plc. Euromoney was first published in 1969 by Sir Patrick Sergeant . It is part of Euromoney Institutional Investor, an international business-to-business media group focused primarily on
609-517: The fourth GIFA Laureate when he received "Global Islamic Finance Leadership Award", witnessed by Sheikh Moahmed Bin Rashid Al Maktoum, the ruler of Dubai and vice-president and prime minister of UAE. The fifth GIFA ceremony took place in Bahrain on 28 October 2015, were HRH Emir Muhammadu Sanusi II (current Emir of Kano) received the prestigious Global Islamic Finance Leadership Award and was proclaimed
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#1733086191260638-582: The international finance industry. The group became a public company in 1986, and is listed on the London Stock Exchange as Euromoney Institutional Investor PLC . The headquarters of the magazine is in London. Sergeant continued to manage the business until 1985 and remains as co-president of the company. Daily Mail and General Trust plc is the largest shareholder in the company. DMGT's principal shareholder, Jonathan Harmsworth, 4th Viscount Rothermere ,
667-487: The resulting company renamed BMB Islamic. Dar was appointed as its CEO. In 2008, BMB Islamic was accepted as member of the Bahrain-based association Accounting and Auditing Organisation for Islamic Financial Institutions. In March 2011, he founded Edbiz Consulting Limited, which fast emerged as a leading think tank for the Islamic financial services industry. In September 2012, Dar successfully launched Edbiz Corporation as
696-476: The survey uses economists' assessments of political, economic and structural risk to provide country rankings for 186 markets worldwide. Data includes bank stability, monetary policy/currency stability, corruption and institutional risk. The survey assesses qualitative factors: economic risk, political risk and structural risk. It also assesses quantitative factors – access to bank finance/capital markets and debt indicators – plus credit ratings. As of 2018, Singapore
725-789: The young Dar was sent to Lahore, where he attended Government College Lahore (now called University Government College Lahore ). He spent two years there before he was admitted to International Islamic University, Islamabad in 1986. Dar holds a Bachelor of Science (Hons) and Master of Science (both in Islamic Economics) from the International Islamic University (IIU), as well as an MPhil and PhD (both in Economics) from Cambridge University . Dar co-founded (with Joohn Presley) an MSc program in Islamic economics, banking & finance at Loughborough University . He has also assisted
754-547: Was co-authored by the Islamic banking specialist Nathif Jama Adam . Euromoney publishes the Euromoney Awards for Excellence, with an annual awards event recognising the top banks in the world. It also publishes awards for Central Banker of the Year and Finance Minister of the Year. Euromoney has a set of industry-specific publications under the flagship magazine, including Euromoney Market Data, Euromoney Country Risk and
783-405: Was instrumental in developing Nasdaq 100 Sharia and OMX 30 Sharia indices of which 7 are already in the market. His current Sharia advisory engagements include Arabesque Asset Management , Omarco, and Nasdaq OMX. Dar co-edited a book on "Sharia and Legal Aspects of Islamic Finance". Dar is also founding editor of Global Islamic Finance Report , an annual publication reporting on developments in
812-523: Was launched at the Global Donors Forum held at Washington, D.C., on April 13–16, 2014. GIFR 2016 was launched at Global Islamic Finance Forum at Kuala Lumpur by Datuk Muhammad Ibrahim, Governor of Bank Negara Malaysia. Humayon Dar Humayon Dar is the director general of the Cambridge Institute of Islamic Finance, a research institute specializing in the financial sectors of
841-717: Was the first global publication of its kind. Each annual edition of GIFR has a special theme. Following themes have so far been covered: The report was renamed as the Cambridge Global Islamic Finance Report in 2019 by the Cambridge Institute of Islamic Finance. GIFR is a publication that provides analyses provided by the top industry players, academicians and policy makers. Its different annual editions have been sponsored by major financial institutions like Dubai Islamic Bank , CIMB Islamic, Commerzbank , ITS, Hong Leong Islamic Bank, Abu Dhabi Commercial Bank, National Commercial Bank , and others. GIFR 2014
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