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April 2011

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April 6th 2011

Islamic finance and the Public Good

islamic finance

In March, Ann Pettifor was honoured to be invited by Ms Zarinah Anwar CEO of the Securities and Exchange Commission of Malaysia, and Dr Farhan Nizami of the Oxford Centre for Islamic Studies to attend a conference at Ditchley Park on “Shariah, Finance and the Public Good”.

But before the hard work of deliberation, delegates attended a splendid dinner at the Banqueting House, Whitehall, where they were welcomed by His Royal Highness, Dr Raja Nazrin Shah, Crown Prince of Perak, Malaysia.

In an opening address HRH asked the group to consider whether transfers of ‘artificial wealth’ served the public good; and whether Islamic finance could be distinguished from conventional finance? Prince Nazrin Shah suggested that trust in financial services has all but evaporated, and that such trust would not be restored until finance could demonstrate its concern with the public good. Continue Reading

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Local partnerships for international development

Jeremy Brussels

Last week Jeremy Smith was in Brussels for the launch of a new publication, “Decentralised development cooperation – European perspectives”, for which he was the main author (read on to download English and French versions of the publication).

It has been produced by Platforma, the Europe-wide network of local and regional governments for international development, to showcase the role, cost-effectiveness and value of partnerships between cities, towns and regions from Europe with their counterparts in lower-income countries across the world.  Jeremy’s warm thanks go to Lucie Guillet and Sandra Ceciarini, of the Platforma and CEMR secretariats, for their very considerable help in this work. Continue Reading

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