| Islamic Finance advisory firm opens office in Dublin |
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| Nov 19th: Amanie Advisors Ltd., a Malaysian specialist Islamic Finance advisory company, has opened offices in Dublin in a move that will see all of the company's European deal origination be managed from Dublin. The Dublin office will also offer Islamic Finance advisory on product structuring, enhancement and endorsement; supervisory and monitoring services and annual review; secretariat support and services and screening for equities. |
European deal origination will be managed by Noel Lourdes who was an advisor to the Central Bank of Ireland from 2009 to 2012 and previously worked with KPMG Corporate Finance.
'Amanie chose Ireland for this investment due to its growing reputation as a hub for Islamic Finance operations. Ireland provides a strong track record in the international financial services sector, a pro-business environment and a highly-skilled workforce. I would like to thank the Irish Government and IDA Ireland for their support in setting this up and I look forward to the continued growth of Amanie in Ireland,' said Dr. Daud Bakar, Group Chairman of Amanie.
'Amanie’s location in Ireland marks a significant addition to our international financial services sector. There is currently $1 billion USD worth of Shari’ah compliant funds in Ireland while around 20% of all Shari’ah funds outside the Middle East are now based in Ireland. Today’s announcement marks IDA’s first investment win from a Malaysian company and builds on Ireland’s Islamic Finance capability,' said Barry O’Leary, CEO of IDA Ireland.
'The Government has an ambitious plan for job creation in financial services, and a major part of this is seeking to support developing sectors within financial services, such as for example green financial services and Islamic financial services. Today’s announcement that Amanie Advisors Limited is establishing an operation in Dublin for the first time is very welcome, and provides evidence of the potential for future growth in this sector,' said Minister for Jobs, Enterprise and Innovation, Richard Bruton.
Amanie was established in Kuala Lumpur in 2005 and provides its clients with advisory in the Islamic Capital Markets, structured finance and fundraising solutions. The Dublin office is based in Mayor Street, Dublin 1. |
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