Deutsche Bank Joins The Sharia Revolution

[Zelhar]

http://www.deutsche-bank.de/presse/en/content/press_releases_2009_4287.ht
Next move-
They are going to rebreand themselves as Deutsche Dhimmi Bank

Deutsche Bank launches revolutionary Sharia Compliant Issuance Platform
Dubai/Luxembourg, January 11, 2009

Deutsche Bank announced today the launch of "Al Mi'yar", a first of its kind platform aimed at facilitating the issuance of Shari'a compliant securities.

"Al Mi'yar", from the Arabic "The Standard", is a Luxembourg domiciled platform, developed by Deutsche Bank, with Luxembourg Financial Group A.G. as the Shari'a investment manager and Deutsche Banks Trust & Securities Services group providing the settlement framework.

Geert Bossuyt, Deutsche Bank's Head of Structuring for the Middle East and North Africa, said "Deutsche Bank is extremely pleased to be again at the forefront of innovation in Islamic finance, as demonstrated by our ability to adapt all types of investment products and strategies to the Shari'a compliant world. Al Mi'yar will in my opinion revolutionize the issuance of securities in an Islamic manner. The platform meets all of the latest standards issued by the Accounting and Auditing Organization of Islamic Finance Institutions (AAOIFI) and hence should be globally acceptable."

Al Mi'yar will enable Islamic investors to meet their specific investment objectives by giving them exposure to different asset classes without compromising their Islamic beliefs. By comparison to other Islamic platforms, Al-Mi'yar maximizes efficiency and protection of investors' interests, while generating liquidity and returns.

Johan Groothaert, CEO of Luxembourg Financial Group A.G. said "Al Mi'yar shows the way forward for securitized products issuance with its standardization, fiduciary control and open architecture for deal originators. Al Mi'yar sets a new standard as it delivers better protection of clients' interests by moving the issuance of securities into a fiduciary framework. Until now, issuance platforms have always been closely controlled by the deal originating banks. Al Mi'yar revolutionizes the approach to securities issuance as it puts a fiduciary instead of a bank in control."

The certificates issued on the platform will be tradable Islamic securities, as they represent ownership in tangible Islamic assets. Those assets will be managed by Luxembourg Financial Group A.G., the independent Islamic investment manager which generates returns (payable to the security holders) by selling those assets for a benchmarked sales price to an unrelated party. The benchmark method facilitates exposure to a wide variety of asset classes or indices.

In addition, the platform allows for the issuance of tradable Islamic money market products settling with short settlement cycles (T+0) enabling the issuance of overnight products or other short dated money market instruments and hence enhancing the liquidity of the Islamic money markets.


Deutsche Bank
Dana Budeiri
Head of Communications
Middle East & North Africa
Tel: +971 4 361 1744
Mobile: +971 50 640 3924


About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 81,308 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

http://www.db.com/


About Luxembourg Financial Group

Luxembourg Financial Group is a structured products boutique and specialist asset manager with offices in Luxembourg and London. Delivering superior client service, transparency, innovation and product quality, Luxembourg Financial Group continues to expand its assets under management rapidly. Luxembourg Financial Group is not involved in any proprietary trading, credit provision or risk underwriting, thereby minimizing conflicts of interest, particularly with regards to its fiduciary functions.

[Ulli]

They want the money of the quranimals and would sell for it their grandmothers inclusive shipping. 

[mord]

tHE  U.S. BAILED OUT A.I.G an american company that has the moslem money lending system in it's company