International team with an international presence:Fenchurch Faris Ltd. group photoBy striking a balance between caution and calculated risk and adhering to the fundamental principles of the insurance profession, insurance & reinsurance broker, Fenchurch Faris Ltd., have managed to weather the political and economic storms that have often lashed the Middle East insurance market.

The regional reinsurance market saw rampant competition this year, the entry of a lot of new companies and ample capacity which made conditions tough, according to Mohamed El-Dishish, CEO of Al Fajer Re. Founded in 2008, Al Fajer Re, has a paid up capital of KD 50 million ($176.6 million). The company is supported by its institutional investors, the Dubai.

Azad Yahya Bajger, Chairman of the Board of Directors of both Cihan Bank for Islamic Investment and Finance and Cihan Group, has more than 40 years of experience in Trade, banking and management with extensive experience in Iraq, Middle East, Europe and Asia. No doubt, he is one of the Iraq’s powerful Business Man.

Al Baraka symposium is regularly held each Ramadan where renowned and famous Shari’a scholars, bankers and experts discuss some modern banking transactions and issue some Shari’a opinions (fatwas) and recommendations for the enhancement of Islamic banking and solving its problems. The forum had been held since its first inception in Medinah 1981 and up to-date in different cities, including Al-Madinah Al-Munawarah, Makkah Al-Mukarramah, and Jeddah in addition to Damascus, Cairo, Kuala Lumpur, Beirut, Istanbul, Tunis, Algeria and Jordan.