And here is one who is currently somewhere in the United States of America, not quite kicking up her heels as often as she likes but she does enjoy keeping herself busy.
Datuk Noripah Kamso is from one of Bukit Bangkong’s pioneer families and has grown up locally.
She is also one of the key players in growing the Islamic finance industry not only in Malaysia but globally.
She has set a few firsts in her career – I think she was the first female CEO of a major bank and an islamic bank at that, CIMB Islamic.
The thing which caught my eye, besides Datuk Noripah (fourth pic on first row), was the first speaker, Christine Lagarde from the IMF 🙂
Now, they don’t get very much bigger than the boss of the IMF and for a Bukit Bangkong gal to be hanging around with Christine Lagarde is something people in Bukit Bangkong should be very proud of 🙂
On yer, Datuk 🙂
Disambiguation : “on yer” is an Australian colloquialism which abbreviates the phrase “good on you”.
Apologies for the rather untidy “cut and paste” but I tried to tidy it up as much as I could.
I think it is due to the use of the <table> tag and that the site is not responsive.
I had thought that the <table> tag was deprecated in HTML but a quick check over at W3 showed it wasn’t.
Other Links
http://www.imf.org/external/index.htm
http://en.wikipedia.org/wiki/Sukuk
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http://www.myuscham.org/ifcmyuscham2015.html
ISLAMIC FINANCE CONFERENCE 2015: October 21 & 22, 2015
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Dato Dr. Nik Ramlah Nik Mahmood
Deputy Chief Executive Securities Commission Malaysia |
Datuk Noripah Kamso
Chairman Organizing Committee Islamic Finance Conference 2015, Washington DC |
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Datin Seri Norashikin Mohd Kassim
CEO CIMB-Principal Islamic Asset Management |
Larry Zimpleman
Executive Chairman Principal Financial Group |
Thom Polson
CEO Falah Capital |
Lim Say Cheong
Executive Vice President – Head of Investment Banking Group, Al Hilal Bank |
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Thomas J. Smith
Managing Director Lombard Investments, Inc. |
Bashar Qasem
President & CEO Azzad Asset Management |
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Fadzlullah Shuhaimi Salleh
Lecturer in Islamic Finance |
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Kevin Kime
Head, Global Initiatives & Strategy International Finance Corporation Treasury Client Solutions, IFC Treasury |
Khaled Elsayed
President & CEO Guidance Financial Group LLC & Guidance Residential LLC |
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Conference Theme
<span “font-family:”adobe=”” pro”,serif;mso-bidi-font-family:”times=”” roman”;=”” mso-bidi-font-weight:bold”=””>Following the successful Sukuk issuances by General Electric Capital. (2009: USD 500M) and the World Bank- International Financial Corporation (2004: USD 134M, 2009: USD 100M, 2014:USD 500M, and 2015:Not Disclosed Yet), it is apparent that fund raising using Islamic capital market instruments is not new in the U.S. capital market-place. In the U.S. sukuk has been used to finance infrastructure projects and productive real sectors. It is projected that Global sukuk will hit a record high of USD 175 billion in 2015. With a stronger US dollar and projected higher sukuk issuances, U.S. can attract investors across the globe especially GCC investors who are challenged with ample liquidity. <span “font-family:”adobe=”” pro”,serif;mso-bidi-font-family:”times=”” roman”;=”” mso-bidi-font-weight:bold”=””>Malaysia’s success is demonstrated by its total Sukuk issuance which approximate USD 155.67 billion (being 58.1% of total global sukuk outstanding of USD 268 billion) in 2014. Considering U.S. is embarking on infrastructure spending against a back drop of ample liquidity in the GCC provides opportunity for the American infrastructure companies to issue sukuk to capture investors from GCC. Malaysia offers a multi-currency platform for international fund raising and for investment activities by multinational entities. <span “font-family:”adobe=”” pro”,serif;mso-bidi-font-family:”times=”” roman”;=”” mso-bidi-font-weight:bold”=””>Even U.S. based asset management houses e.g. Principle Financial Group, Franklin Templeton, Columbia ThreadNeedle, and Saturna Capital Corporation have capitalized on the growth in Islamic capital market using Malaysia as a base. Worth noting, community banking adopting Islamic-style principles started 65 years ago in U.S. which now is name as Devon Bank in Chicago. <span “font-family:”adobe=”” pro”,serif;mso-bidi-font-family:”times=”” roman”;=”” mso-bidi-font-weight:bold”=””>The additional requirements in Islamic finance which strongly discourage excessive risk taking and speculative business activities provide additional safeguards for stability and resilience in the global financial system which is in tandem with the reform to financial regulation environment in the U.S. under Dodd Frank Act and other Acts. <span “font-family:”adobe=”” pro”,serif;mso-bidi-font-family:”times=”” roman”;=”” mso-bidi-font-weight:bold”=””>Investors in the U.S. institutional and high net worth including pension houses will be pleased to know there is an investment case (supported by empirical evidences) that Islamic investing has proven to grant resilient performance even during down-trending market and volatile times the last 7 years. There are about 19 licensed Islamic asset managers in Malaysia with a total asset under management of approximately USD 20 billion, about 10 of which are owned by global brands. <span “font-family:”adobe=”” pro”,serif;mso-bidi-font-family:”times=”” roman”;=”” mso-bidi-font-weight:bold”=””>This conference will be a perfect meeting place for Malaysians and Americans to leverage on each other’s needs and strength. Interestingly there seemed to be also pent-up demand by the 7 million Muslim populations in U.S. who are keen to invest responsibly. These opportunities should attract greater collaboration and cooperation between American and Malaysian capital market players to create an enabling environment for cross boarder connectivity. It is our hope that the U.S. Islamic capital market will further widen at both the issuances and investor bases. <span “font-family:”adobe=”” pro”,serif;mso-bidi-font-family:”times=”” roman”;=”” mso-bidi-font-weight:bold”=””>Hashtag: #ifcmyuscham2015dc WHO SHOULD ATTEND?
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Sponsors
Gold
Lead Media Partner
Collaboration Partner
MYUSCHAM IFICÂThe Islamic Finance Industry Council promotes the internationalization of Islamic finance by forging strategic and collaborative partnership between Malaysian and the U.S. where its market and society can benefit from the economic and financial linkages. In the interest of shaping the internationalization of Islamic finance collectively, IFIC will provide the cross border connectivity.
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Datuk Noripah Kamso, a capable lady and the proud of zone Sungai Pelek.