Global business alliances and relationship management
Samak maintains strong relationships with influential trade organisations and key international centres. Samak not only has a strong and unique contact base, but has firsthand experience and credibility which is visible in the heart of the market.
Over the past decade, we have seen Islamic finance spread from the Middle East to take a gradual hold in many financial centres around the world such as Asia, North America and Europe. Malaysia being the first to position itself as a hub for Islamic finance. The GCC soon to catch up; UAE and Bahrain being the first to recognise the opportunity.
Malaysia holds a critical mass of diversified players such as Islamic banks, Investment banks, takaful companies and so forth. Bahrain holds 10% of the worlds Islamic banks. According to Central Bank of Bahrain the market share of Islamic finance jumped from US$1.9 billion in 2000 to US$25.4 billion by August 2012. Following Bahrain’s successful entry to market, other member states of the GCC such as Kuwait, Oman, Qatar and Saudi Arabia have caught up. In Indonesia, the Central bank is encouraging and supporting the industry and regulatory reforms have been underway to encourage growth. Hong Kong aims to become an Islamic finance hub, to further consolidate its position as a global financial centre. They have set up a Shariah Advisory Council and have been working to create an operational bond market.
The United Kingdom in particular has taken an active and keen interest to position itself as a hub for Islamic Finance. The UK was the first member of the EU to authorise Islamic banks and has been providing Islamic financial services for the past 30 years. The UK government has recently set up a task force to further promote the UK as a global Islamic finance hub. Samak has deep insights and relationships in the above markets mentioned. In key international centres, we have strong visibility.
The need to have a global outreach has never been so strong. On the grass roots level in recent years, much change has taken place within the leading organisations and centres. Most investment banks and legal firms for example, have either terminated or scaled back their Islamic finance expertise and "new hires" have come on board. Our consultants have worked in key international centres across the globe; as a result Samak has first hand relationships and insights with these organisations. Our relationships are with the right level of stakeholders, partners and senior management.
Samak offers:
1) Facilitate meetings with external organisations (to be introduced to the client by Samak) Participation in meetings.
2) Support business development efforts, build organizational and individual expertise.
Over the past decade, we have seen Islamic finance spread from the Middle East to take a gradual hold in many financial centres around the world such as Asia, North America and Europe. Malaysia being the first to position itself as a hub for Islamic finance. The GCC soon to catch up; UAE and Bahrain being the first to recognise the opportunity.
Malaysia holds a critical mass of diversified players such as Islamic banks, Investment banks, takaful companies and so forth. Bahrain holds 10% of the worlds Islamic banks. According to Central Bank of Bahrain the market share of Islamic finance jumped from US$1.9 billion in 2000 to US$25.4 billion by August 2012. Following Bahrain’s successful entry to market, other member states of the GCC such as Kuwait, Oman, Qatar and Saudi Arabia have caught up. In Indonesia, the Central bank is encouraging and supporting the industry and regulatory reforms have been underway to encourage growth. Hong Kong aims to become an Islamic finance hub, to further consolidate its position as a global financial centre. They have set up a Shariah Advisory Council and have been working to create an operational bond market.
The United Kingdom in particular has taken an active and keen interest to position itself as a hub for Islamic Finance. The UK was the first member of the EU to authorise Islamic banks and has been providing Islamic financial services for the past 30 years. The UK government has recently set up a task force to further promote the UK as a global Islamic finance hub. Samak has deep insights and relationships in the above markets mentioned. In key international centres, we have strong visibility.
The need to have a global outreach has never been so strong. On the grass roots level in recent years, much change has taken place within the leading organisations and centres. Most investment banks and legal firms for example, have either terminated or scaled back their Islamic finance expertise and "new hires" have come on board. Our consultants have worked in key international centres across the globe; as a result Samak has first hand relationships and insights with these organisations. Our relationships are with the right level of stakeholders, partners and senior management.
Samak offers:
1) Facilitate meetings with external organisations (to be introduced to the client by Samak) Participation in meetings.
2) Support business development efforts, build organizational and individual expertise.