HONG KONG, CHINA November 01, 2008
/24-7PressRelease/ -- The Arab Chamber of Commerce & Industry celebrated its second anniversary at its Annual General Meeting on October 23rd 2008 in Hong Kong. Present at the meeting were council and committee members as well as representatives of the Hong Kong community, namely Mr. Abdul Sukur Al Hamid, former Chairman of The Incorporated Trustees of the Islamic Community Fund of Hong Kong and Mr. Mohamed Alli Din, MH GCA EM, Chairman of the United Muslim Association of Hong Kong (UMAH).
Lord Edwin E. Hitti, Chamber President, in his key address indicated that the Arab Chamber of Commerce & Industry has broken new grounds in its efforts to promote the Arab and Islamic World to Greater China. Expressing that the past two years have beard witness to epic challenges, whose outcome against all odds has yielded milestones and landmark achievements, compelling us to further aims and higher goals. To that aim, it has successfully completed the foundation of fundamental infrastructures for Hong Kong enabling it to carry out its aspirations and pivotal role as gateway to China and an international trade and financial center, in the Islamic Financial and Banking arena through its Shariah Advisory Council (SAC), its much awaited successful launch of the HK Islamic Index (HKII) and its new addition to its family of Indices, the soon to be launched HK Growth Islamic Index (HKGII), the launch of its International Islamic Mediation & Arbitration Centre (IMAC), with the participation of a select panel of leading Arbitrators and cooperation with over 400 Islamic Lawyers worldwide. Moreover, its proud creation of The Mosque Building Fund (MBF), a charitable initiative aimed solely at creating sustainable funding and support for the development of Mosques, Islamic Community Centers, Child & Elderly Care, Social Rehab and Retirement Homes, in collaboration with The United Muslim Association of Hong Kong (UMAH). Last but not least the introduction of a likewise first in Hong Kong, the Hong Kong Institute of Islamic Studies (HKIS), to offer a wide range of professional educational programs, from Islamic Law (Shariah), Islamic Finance and Banking to Islamic Insurance (Takaful). Such programs being availed as of January 2009 in cooperation with The Institute of Professional Education and Knowledge (PEAK).
In compliment to all such milestone endeavors, the Chamber was honored to announce that its ArabCham has published again a first in Hong Kong; an almanac of Islamic cultural, judicial and financial standards, titled Basic Mechanics of Islamic Capitalism, a veritable full perspective of the evolution in Islamic Law, Banking, Finance and Insurance concepts over the past three decades. Notwithstanding the foregoing Lord Edwin called upon all members' valuable involvement and participation in maintaining and nurturing such achievements for the benefit of all.
About ArabCham
The Arab Chamber of Commerce & Industry (ARABCCI) was established in Hong Kong 2006 as a leading organization at promoting commercial ties between Hong Kong/Greater China and the Arab World.
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Read more Press Releases from K. Vertomen:- "Basic Mechanics of Islamic Capitalism" the best book to Discover The World of Islamic Insurance, Law, Banking & Finance, A First in Hong Kong by its author Lord Edwin E. Hitti
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