Monetary Operations and Islamic Banking in the GCC: Challenges
there is a general lack of Shari'ah compliant instruments than can serve as the Gulf Cooperation Council (GCC) countries where Islamic bank assets have ...
Monetary Policy in the Presence of Islamic Banking; by Mariam El
Islamic Financial Market and the General Council for Islamic Banks and Financial Institutions. IMF Working Papers describe research in progress by the
Islamic Finance: Opportunities Challenges
https://www.imf.org/external/pubs/ft/sdn/2015/sdn1505.pdf
PDP-Working Paper
Keywords: Islamic banks Islamic bank resolution
General Court of the European Union PRESS RELEASE No 81/14
11 juin 2014 Syria International Islamic Bank ('SIIB') is a Syrian bank the capital of which is held by Qatari and. Syrian shareholders. The Council ...
Islamic Financial Institutions and Products in the Global Financial
Keywords: Islamic banking risk management
Zeti Akhtar Aziz: Islamic finance - Bank for International Settlements
21 juin 2005 ... at this Islamic Banker's Forum organized by the General Council for Islamic Banks and Financial Institutions (CIBAFI) on the strategic ...
Global Islamic Bankers Survey 2018
General Council for Islamic Banks and Financial Institutions. Jeera III Tower Office 51
Corporate Governance in Institutions Offering Islamic Financial
CIBAFI: General Council of Islamic Banks and Financial Institutions. FDIC: Federal Deposit Insurance Corporation. FAS: Financial Accounting Standards.
ISLAMIC DEVELOPMENT BANK GROUP IN BRIEF
Islamic Financial Services Board (IFSB) (iii) General Council of Islamic. Banks and Financial Institutions (GCIBFI)
General Council for Islamic Banks And Financial Institutions
The General Council for Islamic Banks and Financial Institutions (CIBAFI) is an international non-profit institution that represents the Islamic financial institutions (IFIs) worldwide It was founded by the Islamic Development Bank (IsDB) and a number of leading IFIs
www.curia.europa.eu Press and Information
General Court of the European Union
PRESS RELEASE No 81/14
Luxembourg, 11 June 2014
Judgment in Case T-293/12
Syria International Islamic Bank v Council
The General Court annuls the inclusion of Syria International Islamic Bank in the list of entities subject to the restrictive measures against Syria The fact that the bank has carried out financial transactions for persons who also have accounts with two other banks designated by the Council cannot be considered sufficient to justify its inclusion Syria International Islamic Bank (SIIB) is a Syrian bank the capital of which is held by Qatari and Syrian shareholders. The Council adopted restrictive measures (freezing of funds) against SIIB on the following ground: SIIB has acted as a front for the Commercial Bank of Syria, which has allowed that bank to circumvent sanctions imposed on it by the EU. From 2011 to 2012, SIIB surreptitiously facilitated financing worth almost $150 million on behalf of the Commercial Bank of Syria. Financial arrangements that were purportedly made by SIIB were actually made by the Commercial Bank of Syria. In addition to working with the Commercial Bank of Syria to circumvent sanctions, in 2012, SIIB facilitated several substantial payments for the Syrian Lebanese Commercial Bank, another bank already designated by the EU.1 In these ways, SIIB has contributed to providing financial support to the Syrian regime.2 SIIB is seeking annulment of its inclusion. judgment, the General Court grants the application for annulment. The General Court finds that SIIB became subject to restrictive measures on the ground that it had facilitated financing on behalf of Commercial Bank of Syria (CBS) and Syrian Lebanese gnated by the Council. More specifically, the Council allegesthat SIIB carried out financial transactions for natural or legal persons who, without being included
in the list of persons and entities affected by those measures, had bank accounts with the two aforementioned banks. However, the Council has not, according to the General Court, proved that the transactions carried out by SIIB for clients who also have an account with CBS or SLCB involve a particularly high risk that the money comes from the Syrian regime or from natural or legal persons subject to the restrictive measures at issue: CBS and SLCB have not been designated because of evidence relating to their clients, but because CBS belongs to the Syrian State andSLCB is its subsidiary.
Furthermore, the General Court notes that the Council has not presented any evidence from whichit might be inferred that the clients of SIIB are implicated in the violent repression of the civilian
population in Syria. Moreover, the Council has not claimed that the names of those clients, which itdid not identify, were included in the lists of persons and entities subject to the restrictive measures
against Syria. Therefore, the fact that the applicant carried out financial transactions for persons who also have accounts with CBS or SLCB cannot be considered to be sufficient to justify its inclusion.1 See, in this regard, Press Release no.13/14. 2 Annex to Council Implementing Decision 2012/335/CFSP of 25 June 2012 implementing Decision 2011/782 (OJ 2012
L 165, p. 80). See also, Annex to Council Implementing Regulation (EU) No 544/2012 of 25 June 2012 implementing
Article 32(1) of Regulation (EU) No 36/2012 concerning restrictive measures in view of the situation in Syria (OJ 2012
L 165, p. 20, corrigendum OJ 2012 L 173, p. 27).
www.curia.europa.eu Since the Council has not, during the proceedings, provided any other evidence from which it would have been possible to verify whether the alleged facts were materially accurate, the General Court annuls the contested acts due to a manifest error committed by the Council in the assessment of the facts.NOTE: An appeal, limited to points of law only, may be brought before the Court of Justice against the
decision of the General Court within two months of notification of the decision.NOTE: An action for annulment seeks the annulment of acts of the institutions of the European Union that
are contrary to European Union law. The Member States, the European institutions and individuals may,
under certain conditions, bring an action for annulment before the Court of Justice or the General Court. If
the action is well founded, the act is annulled. The institution concerned must fill any legal vacuum created
by the annulment of the act. Unofficial document for media use, not binding on the General Court. The full text of the judgment is published on the CURIA website on the day of delivery Press contact: Christopher Fretwell (+352) 4303 3355quotesdbs_dbs32.pdfusesText_38[PDF] RESOLUTION N 15 - APPROBATION DES MODIFICATIONS DES STATUTS DE LA MNRA : ARTICLES 2, 6, 17, 19, 21,25, 54, 60 et 64
[PDF] PROTOCOLE DE COLLABORATION ET D INTERVENTION ENTRE LES ETABLISSEMENTS SCOLAIRES PUBLICS GENEVOIS ET LA POLICE CANTONALE
[PDF] Centre de formation continue spécialisé dans la santé mentale, le sanitaire, le social et le médico-social. Module 1 : Formation au Tutorat Infirmier
[PDF] Le devenir des diplômés en 2015 de formations paramédicales et de sages-femmes. Résultats de l enquête à 12 mois 2 février 2017
[PDF] Sauvegarder un article pour le lire plus tard
[PDF] Restitution des deux ateliers de travail.
[PDF] Le nouveau projet académique : prendre en compte tous les parcours de réussite
[PDF] Guide comptable. Les inscriptions comptables
[PDF] Laboratoire de Recherche en développement territoriale, environnementale et énergétique. FPK Khouribga
[PDF] Réalisé par : Émilie Pageau, Carolanne Gingras et Élodie Gagnon. Mai 2010
[PDF] Facilitez vos démarches, Étudiants étrangers. renseignez-vous avant de vous déplacer DÉMARCHES ADMINISTRATIVES. www.prefecturedepolice.
[PDF] Déchets et recyclage du BTP
[PDF] Master Spécialisé
[PDF] PROFITEZ DE L AVANTAGE CHA
