(1888PressRelease)
January 22, 2008 - (NEW YORK, NY) – There are an estimated 1.61 billion Muslims worldwide, making Islamic Banking the fastest growing segment of the financial industry. Islamic Banks now exist in more than 60 countries, including Albania, Algeria, Bahamas, Bahrain, Bangladesh, British Virgin Islands, Brunei, Canada, Cayman Islands, Denmark, Djibouti, Egypt, France, Gambia, Germany, Guinea, India, Indonesia, Iran, Iraq, Italy, Ivory Coast, Jordan, Kuwait, Lebanon, Luxembourg, Malaysia, Mauritania, Morocco, Niger, Nigeria, Oman, Pakistan, Palestine, Qatar, Russia, Saudi Arabia, Senegal, South Africa, Sri Lanka, Sudan, Switzerland, Tunisia, Turkey, United Arab Emirates, United Kingdom, United States and Yemen.
In order for Islamic Banks to be competitive with conventional banks and attractive to customers, Islamic financial products must meet the risk/reward profiles of depositors, investors and issuers, while at the same time following the laws of Sharia. Additionally, Islamic Banks must educate their personnel to understand the tenets of Islamic law that pertain to banking. Edcomm’s Banker’s Academy has created Islamic Banking Compliance to address these vital needs with Consulting, Documentation and Training.
Path Solutions is a leader in the delivery of integrated solutions and services to the financial marketplace. They offer a comprehensive range of software products, outsourcing and consulting services that address the whole spectrum of the global finance industry and specifically, the Islamic Finance Industry.
The Edcomm Group is a 20-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share - providing bottom-line results. The Edcomm Group has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, classroom instruction, multimedia production and online and print based documentation. Edcomm's Banker's Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).
The Edcomm Group (www.edcomm.com) (www.bankersacademy.com) is headquartered in New York City with an Advanced Design Center located in Fort Washington, Pennsylvania.
