Business Bermuda Hosts Seminar In Bahrain
Business Bermuda represented Bermuda’s burgeoning Islamic Finance industry at a seminar held in partnership with the Bahrain Association of Banks today at the Capital Club in Manama, Bahrain.
The seminar, entitled ‘Offshore jurisdictions and their role in Islamic Finance: a case study of Bermuda’ included a presentation by Business Bermuda’s Chief Executive Officer, Cheryl Packwood, who provided a detailed introduction to the merits of choosing Bermuda as a centre for international business.
Presentations were also delivered by Fawaz Elmalki, Partner at Conyers Dill & Pearman, Dubai, Dr. Hatim El-Tahir, Director of the Islamic Finance Group at Deloitte, and Nicolas Angio, Managing Partner at Apex Fund Services, Dubai, who discussed Bermuda’s standing as a centre of financial excellence.
Cheryl Packwood, Chief Executive Officer of Business Bermuda, commented: “Bermuda has long been committed to developing its Islamic Finance offering and continues to enjoy close ties with GCC States, including the Kingdom of Bahrain.
“We have a wealth of experience in Sukuk transactions and a significant number of companies based in Bermuda regularly borrow funds through Murahaba financing. We are delighted to be in Bahrain again and to be building our relationships with the Kingdom’s banking community.”
How much support does government give to Business Bermuda? How is the result of that support accounted for? Just curious.
I am ok with this as long as Wayne does not jump out of a cake and sing Bahrain is another world….
jeeez Packwood the chinese and arabs been sitting on Billions for years and you just deciding to drag yur azz over there to smooze up. this is one failure that can’t be blamed on government.
Yep, years behind. Er Dubai maybe????
No Islamic country will invest in Bermuda. We are Haraam ( google the meaning ) to them! Our culture goes against their religion ( Drinking, sex before marriage, consuming pork, gossiping etc.) Arabs are very particular who they do business with so lets stop this waste of money/ ” building relations” and focus else where.
re:Dubai, Luxembourg is closer and they can access their investments faster.
I know ppl that have worked in Saudi and other rich arab states. Alot goes on behind closed doors. As soon as BA clears Arab airspace the girls line up to use the bathroom as a changing room. They go in wearing full burkah and come out in jordache jeans, heels, and flimsy lowcut tops. Islam is quickly becomming a thinly veiled ‘virtue’ of the past for the rich arab states. And money that makes more money has no regard for religous beliefs….just ask the Elbow Beach Sheik and the bunch that used to buy the entire top floor of South P for their 2 week vacations.