USA (SANEPR.com) May 15, 2008 -- 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 Banker’s Academy has created Islamic Banking Compliance to address these vital needs with Consulting, Documentation and Training.
For more information about The Edcomm Group Banker’s Academy services for Islamic Banks, log onto www.bankersacademy.com or call 888-433-2666.
The Edcomm Group Banker’s Academy is a 21-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 Banker’s Academy 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 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 Banker's Academy (www.edcomm.com) (www.bankersacademy.com) is headquartered in New York City with an Advanced Design Center located in Fort Washington, Pennsylvania.