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25 / 11 / 2008

Seera Launches White Paper on Islamic Banking and Investment in Partnership With Dow Jones Private Equity

Manama, Bahrain, 25th November, 2008 – Seera Investment Bank B.S.C. (c) (Seera), a Shari’a compliant investment bank headquartered in Bahrain, launched a White Paper on Islamic banking and investment in partnership with Dow Jones Private Equity, the leading provider of finance and investment data to the private equity industry. The first in a series of thought-leadership reports was presented at the 15th Annual World Islamic Banking Conference (WIBC). Seera (formerly known as United International Bank) was the Innovation Sponsor of WIBC, which was held from November 23 to 25, 2008 at the Gulf Hotel, Manama, Bahrain.

Commenting on Seera’s ground-breaking report on Sharia-compliant investments, Mr. Abdulla Janahi , General Manager and Acting Chief Executive Officer of Seera said, “The World Islamic Banking Conference has emerged as a global forum for communicating the values of Islamic banking to a wider audience. With industry leaders gathered under one platform, it was the ideal forum to launch the white paper, where peers were able to discuss the emerging concepts in this vital banking sector that is seeing robust growth and progress worldwide. We believe that Seera´s inaugural report will provide some thought-provoking insights into Sharia-compliant private equity investment.

Seera’s Chief Investment Officer Dr. Raed Sarhan, and the Head of Shariah Compliance Department Dr. Mohammed Arbouna, were among the key speakers at the WIBC.

Dr. Raed Sarhan presented the White Paper along with Mr. Shawn Jaswal, Research Analyst, Dow Jones Private Markets during a session on The New Mainstream: Islamic Private Equity and Competitiveness whereas Dr. Mohammed Burhan Arbouna addressed a session on The Shari’a and Business Open Forum: Achieving Harmonization of Shari’a Rulings.

Dr. Raed commented that “With Seeras growing investment portfolio, we feel that it is important to explore ways of how to leverage our Shari’a compliant mandate to create interesting investment opportunities that are suited to todays market. Although Private Equity is not a new concept but its application as an Islamic investment instrument is relatively new. The White Paper identifies the opportunities and challenges faced by Islamic banks in investing in Private Equity transactions. Seera recently completed its second Private Equity transaction, through the acquisition of BWA Water Additives in UK, and the paper has used it as a case study to highlight the benefits and challenges faced during the completion of this acquisition.”

Seera, which occupied an exhibition stand at the conference, also hosted a Conference Luncheon on November 25.

The WIBC is, today, the worlds largest gathering of Islamic finance leaders. This premier Islamic banking event has been successfully mapping the international growth and expansion of the Islamic finance industry over the years. In keeping with its global eminence, the 15th edition of the conference is expected to attract a thousand market leaders from over 45 countries.

This press release has been issued by Seera PR & Corporate Communications department.
For further information, please contact:
Seera PR & Corporate Communications Manager, Lulwa S.
TEL: +973 17 56 52 25, e-mail: lulwas@seera.com

About Seera Investment Bank
Incorporated in 2006 in the Kingdom of Bahrain as United International Bank B.S.C. (c) (UIB), Seera Investment Bank B.S.C. (c) (Seera) is an investment bank licensed and regulated by the Central Bank of Bahrain with an authorized share capital of US$ 2.5 billion and a paid-up capital of US$ 291 million. Seera provides investment banking products and services in strict adherence to Shari’a rules and principles.

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