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PAX GLOBAL CAPITAL LAUNCHED

Apr. 10th | Posted by 0 comments

The vision is to create an ethical investment bank with a strong local presence, based on operating principles that are wholly consistent with the key tenets of the Abrahamic faiths and principles based on ‘good faith’  and  those derived from universalist values. That will provide startup finance and further investment funding to entrepreneurs . In addition to the provision of finance, the aim is for the investment bank to provide mentoring and other related business services for growing business concerns, in conjunction with membership of a barter network. This will provide members with access to goods and services from other bank-client and other participants and companies valued at current market prices, and an outlet for any surplus produce. Barter network credit and debits are to be centrally administered by the investment  bank.

In order to fulfill this vision, it is proposed to maintain a high degree wherever possible of transparency in all financial transactions and remuneration and, for partnerships to be established with multiple stakeholders.

Investment banking has traditionally been operated on a large scale, leaving retail banking to provide financial services to the small to SME sector. This current provision is regarded as inappropriate for several reasons:

a.)    Principal and often high interest is payable on borrowings, impacting SME profitability.

b.)   Credit is heavily marketed to those businesses that do not require it and is restricted to those that do.

c.)    The business relationship is often conducted on an ‘arms-length’ basis.

d.)   In times of recession or stagnation like the present credit squeezes act as a deterrent to the establishment of new or latent initiatives that would otherwise be successful.

 In response to this inefficient  financial provision, the Pax Global Capital investment bank seeks to provide investment funding without interest and on a partnership basis i.e. both investor and entrepreneur share in the success or failure of the particular venture. In addition, it is considered that in the current economic climate of stagnation, rising especially youth unemployment, environmental degradation and inequality there is a very real danger of tensions and strife between different ideological and religious groupings. As a consequence, the investment bank seeks to foster understanding and meaningful partnerships between those of different persuasions, in order make a contribution towards a more stable future for our children and the planet.

 OFFICIAL MINI-LAUNCH  

Friday March 28th 2014 at  UPF 43 Lancaster Gate , London W2 3NA

LONDON TO HOST 9th WORLD ISLAMIC ECONOMIC ECONOMIC FORUM IN OCTOBER 2013

Apr. 10th | Posted by 0 comments

The 9th World Islamic Economic Forum will be held on 29 – 31 October 2013 at the ExCel London. This is the Forum’s first annual event in Europe following successes in Malaysia, Kazakhstan, Indonesia, Kuwait and Pakistan. The forum’s first foray into Europe to provide deeper insights into Islamic values to drive business, social and economic growth in Muslim and non-Muslim nations

At the 9th WIEF, sessions will be adapted to increase delegates’ participation as they explore business and investment opportunities, as well as engage in discourse on topical issues and how best to address them. Key areas of focus at the upcoming forum in London include Islamic banking and finance, technology, infrastructure development, health, exports, education and youth.

Tun Musa Hitam, Chairman of the World Islamic Economic Forum (WIEF) Foundation, and Alan Duncan, Minister of State for International Development, the United Kingdom (UK) today announced London as host of the 9th WIEF. The global forum will be held on 29 – 31 October 2013 at the ExCel London. This is the Forum’s first annual event in Europe following successes in Malaysia, Kazakhstan, Indonesia, Kuwait and Pakistan.

 Tun Musa Hitam, Chairman of the WIEF said

“We are excited to bring the World Islamic Economic Forum to London. It is a reflection of the forum’s increasing significance as a global platform which brings together Muslim and non-Muslim communities through business. We see immense opportunities for collaboration to propel the world’s business, social and economic progress. As the forum continues to extend our global influence, the Foundation remains focused in our commitment to help communities with the greatest needs by empowering both big and small companies, entrepreneurs, women and youth to make a difference,”

 

Alan Duncan, Minister of State for International Development, said

“This annual event is an excellent platform for bringing together leaders from government, business, media and culture – to name just a few sectors. Following on from the 2012 Olympics, it will be another opportunity for London to showcase itself as one of the world’s most open, multicultural and multi-faith cities, as well as the leading centre for Islamic finance in the West.”

 

Mayor of London, Boris Johnson, said

“It is a great honour that the World Islamic Economic Forum has chosen London as the venue for its first conference ever to be held outside a Muslim country. We look forward to welcoming its delegates next year and will do our upmost to ensure their 2013 Forum is a great success. Our guests will find a city where they can easily conduct business and which has so much to offer visitors, which is why London is consistently proving to be the conference and event capital of the world.”

At the 9th WIEF, sessions will be adapted to increase delegates’ participation as they explore business and investment opportunities, as well as engage in discourse on topical issues and how best to address them. Key areas of focus at the upcoming forum in London include Islamic banking and finance, technology, infrastructure development, health, exports, education and youth.

WIEF Foundation will continue organising workshops and roundtables across countries worldwide as part of its on-going efforts to engage with a global audience. This will follow from the 8th WIEF which attracted 2,100 delegates from 86 countries, and saw the announcement of eight partnerships forged. The WIEF Businesswomen Forum, WIEF Young Leaders Forum, Marketplace of Creative Arts and Gala Dinner will continue to be key features of the annual forum.

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