Bloomberg L.P.

What is Islamic Finance? - Special Report on Bloomberg TV

New York and London (ots/PRNewswire) - - This Weekend's 'Middle East Money Focus' Explores the Growing Islamic Financial Services Sector Bloomberg L.P. today announced that this weekend's edition of the BLOOMBERG TELEVISION(R) program Middle East Money Focus will be a special report on Islamic finance. "Islamic finance is taking off," according to Bloomberg's Dareen Abughaida, host of Middle East Money Focus. "With the world's Muslim population at more than a billion, financial institutions are taking note, and taking action." This weekend, Abughaida will take viewers into the expanding world of Islamic finance, reporting from Dubai with dispatches from Bloomberg's London bureau. This special edition of the weekly Middle East Money Focus will feature reports explaining Islamic finance; sukuk, or Islamic bonds; Shariah, Islamic law governing investments; the Islamic financial hubs; and how global financial institutions are servicing the growing Islamic financial market. The weekend program will feature interviews with Dr. Omar Bin Sulaiman, Governor of Dubai International Financial Centre; Rushdi Siddiqui, Head of the Dow Jones Islamic Market Index Group; Per Larsson, Chief Executive Officer of Dubai International Financial Exchange; Michael Ainley, Head of Financial Institutions at the UK's Financial Services Authority (FSA); John Weguelin, Chief Executive Officer of European Islamic Bank; Ahmed Abbas, Chief Executive Officer of LMC, Bahrain; and Arul Kandasamy, head of Islamic Banking at Barclays Capital. About "Middle East Money Focus" With Middle East Money Focus BLOOMBERG TELEVISION delivers an unparalleled depth of coverage on the expanding Middle East financial markets, Middle East companies, people and places, backed by the premier data and analytics of the BLOOMBERG PROFESSIONAL(R) service and its worldwide BLOOMBERG NEWS(R) network of more than 2,300 staff. The program features local reports and insight from BLOOMBERG NEWS(R) bureaus across Europe and in the Middle East including Dubai, Cairo, Istanbul, Bahrain, Kuwait City and Riyadh. Middle East Money Focus airs in Europe, Africa and the Middle East every Saturday and Sunday throughout the day. In addition, the program is available to Bloomberg users worldwide via the BLOOMBERG PROFESSIONAL service. Middle East Money Focus has featured interviews with finance ministers, government officials and CEOs; reports on the financial markets, travel and tourism, arts and culture and the region's expanding retail industry; and breaking business news. About Bloomberg L.P. Bloomberg is the leading global provider of data, news and analytics. The BLOOMBERG PROFESSIONAL(R) service and Bloomberg's media services provide real-time and archived financial and market data, pricing, trading, news and communications tools in a single, integrated package to corporations, news organizations, financial and legal professionals and individuals around the world. Bloomberg's media services include the global BLOOMBERG NEWS(R) service with more than 2,300 professionals in 130 bureaus worldwide; the BLOOMBERG TELEVISION(R) 24-hour business and financial network produced and distributed worldwide on ten separate channels in seven languages; and BLOOMBERG RADIO(R) services which provide up-to-the-minute news on XM, Sirius and WorldSpace satellite radio around the world and on WBBR 1130AM in New York. In addition, Bloomberg publishes BLOOMBERG MARKETS(R) magazine and BLOOMBERG PRESS(R) books for investment professionals. For more information please visit http://www.bloomberg.com. Web site: http://www.bloomberg.com ots Originaltext: Bloomberg L.P. Im Internet recherchierbar: http://www.presseportal.ch Contact: Judith Czelusniak, +1-212-617-1212, jczelusniak@bloomberg.net, or Heidi Tan, +1-212-617-5375, htan14@bloomberg.net, both of Bloomberg L.P.

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