Kota Kinabalu: OCBC Al-Amin Bank Berhad will hold an Islamic Banking seminar at the Hyatt Regency Hotel on Aug 11, here. The seminar is aimed at educating and updating businesses on the latest in Shariah-compliance relating to cash management and trade finance.
Established in November 2008, OCBC Al-Amin is the wholly-owned Islamic banking subsidiary of OCBC Bank (Malaysia) Berhad.
According to OCBC Al-Amin's Director and CEO, Syed Abdull Aziz Syed Kechik, it is the first time the bank is organising such an event in East Malaysia.
It hoped to attract a diverse range of participants including those from government agencies, government-linked companies, local businesses and regional players as well.
"There are two key areas being covered: cash management and trade finance. The cash management sessions will focus on efficient wealth and liquidity management practices such as how to reduce the time taken and costs involved when processing a transaction for productivity gains, and on the various ways to consolidate accounts in order to optimise cash flow.
"The trade finance sessions would feature credit enhancement or risk mitigation practices to take advantage of the appropriate trade finance-i solutions that are available for each stage of the trade cycle from purchase to sale," he said.
"Business people in Sabah can look forward to hearing from authorities in the field about Shariah-compliant cash management and trade finance solutions that offer cutting-edge methods to enhance cost-and time-saving measures."
More information can be obtained by emailing to editortransact@ocbc.com or liaise with their business banking relationship managers before Aug 4.
