Islamic Banking and finance articles and news by and related to Warren Edwardes, CEO, Delphi Risk Management

28 May 2008 Warren Edwardes speaks and chairs a panel at the Islamic Finance: Integration into the financial Mainstream May 28-29, 2008 Geneva, Switzerland. This conference aims to examine some critical issues arising from the implementation of Islamic Finance from jurist, legal, and practical perspectives with a focus on how to create Shariah Compliance in Financial Products, and how to incorporate Islamic Finance into the financial mainstream.

7 November 2007 Warren Edwardes delivers the Keynote Address at Financial News' inaugural Islamic Finance 2007 conference in London on 8 November 2007 at Plaisterers Hall.

6 November 2007 Warren Edwardes speaks and chairs a panel at the Financial Times Global Events / The Banker Magazine's inaugural Islamic Financial Intelligence Summit, to be held in the City of London on November 7th 2007. This event will gather key economic and financial players and high-profile Islamic Finance specialists around the most pressing issues in this rapidly growing market. FT Global Events conferences provide the latest commercial and financial intelligence on the market and explore their investment opportunities in-depth.

The event will be held in conjunction with the official launch of The Banker/HSBC Amanah Islamic Rankings & Research Report: a groundbreaking report for the world of Islamic Finance which will include the world's first comprehensive Islamic Rankings. These Islamic rankings will list over 500 Islamic Institutions which will be coupled will editorial analysis of the research and also key sectors of the industry. The contents and findings of this report will be used throughout the conference to assist in analysing and benchmarking the industry to date.

4 July 2007

Warren Edwardes interviewed by Don Brownlow - IBS Publishing, on behalf of New Horizon on Islamic Derivatives

17 May 2007

Warren Edwardes speaks at the 3rd International Islamic Banking, Finance & Insurance (Takaful) Conference at the Ottawa Congress Centre, in the Capital City, Ottawa, Ontario (Canada) on Thursday-Friday, May 17-18, 2007, in conjunction with the 33rd Annual ISNA Canada Convention to be held at the same location on Saturday-Sunday, May 19-20, 2007.

16 January 2007

Warren Edwardes speaks on "What Drives Innovation?" with a case study on Islamic Finance at Financial Services Research & Insight Forum, Monday 15 January 2007 - Wednesday 17 January 2007, The Selfridge, London, W1. PowerPoint Programme

19th December 2006

Warren Edwardes interviewed by John Foster, of Islamic Business & Finance Magazine

16th November 2006

Warren Edwardes interviewed by Ramon Abarca, London correspondent of Cuatro Television, Madrid.

26 October 2006

Warren Edwardes chairs and introduces James Cameron, Partner, DLA Piper UK LLP "An introduction to legal issues in Islamic finance," focusing on aircraft finance. Huron University USA 46/47 Russell Square London, WC1B 4JP

22 June 2006

Warren Edwardes interviewed by Anna Maria Tremonti of The Current, CBC Radio's

morning show on Islamic Banking. "To tell us more about the future of Islamic banking, and why they're financially viable, we were joined by Warren Edwardes. He runs Delphi Risk Management, a financial consultancy firm in London and has written extensively on Islamic banking. He joined us in our studios in London, England. "

13 June 2006

Warren Edwardes interviewed by David Stringer of Associated Press. more

3 - 4 June 2006

Warren Edwardes delivers training programme for Islamic Finance Training. "Structuring Islamic Derivatives: Key innovation and development issues" in Dubai on 3-4 June 2006.more

23 - 24 February 2006

Warren Edwardes to speak on Islamic Liquidity Management Issues at 2nd Banking and Finance International Conference Islamic Banking and Finance, Lebanese American University, School of Business, Irwin Hall, Beirut, Lebanon. PowerPoint SpeechPDF

13 - 15 February 2006

Warren Edwardes to speak and co-chair at MEFTEC, Bahrain. Morning Keynote on 14th February 2006. Financial Product Development: Gaining a Competitive Advantage in a Global World. There have been great strides in the last few years in terms of product development in the Middle East. But there remain several key gaps in the armoury of banks here especially amongst Islamic Banks – not only for their retail and wholesale clients but also for their own Asset/Liability Management. So should banks innovate or replicate in the face of competition from global banks? Is culture change required? How to capture the big new IDEA? PowerPoint SpeechPDF

15 November 2005

Warren Edwardes chairs and introduces "Disagreements of Shariah Boards and its consequences for Islamic Banking" by Dr. Mohamed Aboulkhair Zaki Badawi, eminent Shariah Scholar, Principal, Muslim College London at the IIBI at 16:30.

warren edwardes charing a conference in kuala lumpur

24 August 2005

Warren Edwardes chairs and introduces Michael Hanlon, Managing Director, Islamic House of Britain, UK "Competitive pricing of Islamic Banking Products" at the IIBI at 16:30.

30 May 2005

Warren Edwardes delivers training programme for Islamic Finance Training. "Product Development and Innovation: Developing, refining and introducing new products for Islamic and Conventional Finance" 30 May to 2 Jun 2005 Singapore. more

10 March 2005

Warren Edwardes speaks to The Fachhochschule Stralsund - University of Applied Sciences at The Institute of Islamic Banking & Insurance on "An Introduction to Islamic Banking and Finance: The history, role and future of Islamic Banking" Article PowerPoint

6 October 2004

Warren Edwardes to chair second day of The 2nd Annual Islamic Funds World 2004; 4-6 October 2004, Royal Garden Hotel, London

25 & 26 August 2004

Warren Edwardes to speak and moderate at Developing Islamic Capital Markets: “ New Opportunities, New Market & New Frontier in Islamic Banking & Finance” Nikko Hotel Kuala Lumpur. ASIAN STRATEGY & LEADERSHIP INSTITUTE

14 August 2004

Warren Edwardes interviewed by Portuguese language UOL News "O mercado islâmico do banco muçulmano na União Européia (UE), composto por 10 milhões de pessoas, era importante demais para ser ignorado", explicou Warren Edwardes, diretor-geral de Delphi Risk Management, uma consultoria que atua no mundo das finanças islâmico desde 1985. "Até agora, havia somente um número reduzido de produtos islâmicos disponíveis, que não podiam competir com os convencionais", destacou Edwardes.. more

14 August 2004

Warren Edwardes interviewed by Spanish language newspapers IBL News, El Panama America and La Vanguardia. "El mercado islámico del banco minorista en la Unión Europea, compuesto por unos 10 millones de personas, era demasiado importante para ser ignorado", estimó Warren Edwardes, director general de Delphi Risk Management, un gabinete de consulta presente en el mundo de las finanzas islámico desde 1985. "Hasta el momento, sólo existía un pequeño número de productos islámicos disponibles en el banco minorista y los productos propuestos no podían competir con los convencionales", subrayó Edwardes. more

13 August 2004

Warren Edwardes interviewed by Jon Boone and Kate Burgess of The Financial Times. "Warren Edwardes, chief executive of Delphi Risk Management, says special purpose Islamic banks will face a challenge attracting clients from high-street names." article full interview

12 August 2004

Warren Edwardes interviewed by Olivier Aubry. Selon Warren Edwardes, du cabinet de conseil Delphi Risk Management : « Le marché islamique de la banque de détail dans l'Union européenne, fort de 10 millions de personnes, était trop important pour être ignoré. » more

The market in Europe is potentially significant, according to Warren Edwardes, head of Delphi Risk Management, a financial services consultancy which has been advising on Islamic finance since 1985. "The retail Islamic banking market in the European Union of about 10 million (people) is too substantial a market to ignore," he said. "To date there has been minimal supply of Islamic banking products on a retail level, and the products offered have been uncompetitive with conventional alternatives." more

10 August 2004

Warren Edwardes interviewed by Pierre Pratabuy (Agence France-Presse, London Office) "The approval of The Islamic Bank of Britain is sure to galvanise conventional banks in the UK, France, Germany and the Netherlands to establish their own retail Islamic Banking operations." more

27 May 2004

Warren Edwardes to speak and chair the session on "The New Market" at the Leasing Life Conference "A Touch of the Exotic: Exploring the Potential of Islamic Leasing", London details

13 May 2004

Warren Edwardes chairs and introduces Michael Hanlon, Managing Director, Islamic House of Britain, UK "Establishing Islamic Retail banking in the Western world" at the IIBI. details

19 April 2004

Warren Edwardes speaks to The Financial Services and Banking Department of the Dubai Men's College at The Institute of Islamic Banking & Insurance on "An Introduction to Islamic Banking and Finance: The history, role and future of Islamic Banking" Article PowerPoint

1 March 2004

Warren Edwardes invited to join the Board of Governors of the Institute of Islamic Banking & Insurance. details

18 February 2004

Warren Edwardes speaks on "Islamic Liquidity Management Issues" at the London based Institute of Islamic Banking & Insurance. details

8 October 2003

Warren Edwardes chairs Islamic Funds World 2003 conference, London, 6 to 8 October 2003 Programme Speech PowerPoint

11 August 2003

Warren Edwardes interviewed by Adrienne Roberts of the Financial Times for a feature on Islamic Capital Markets details

31 July 2003

Warren Edwardes speaks on Risk management n Islamic finance and is moderator of the closing panel discussion on "Developments of Islamic Banking and Finance in industry in the international financial market" at Asia Business Forum's ISLAMIC BANKING AND FINANCE conference, 30 – 31 July 2003 in Kuala Lumpur conference programmec finance at Asia Business Forum's ISLAMIC BANKING AND FINANCE conference, 30 – 31 July 2003 in Kuala Lumpur

27 July 2003

Warren Edwardes interviewed by Betty Lim of Asia Asset Management newsletters for a feature on Islamic Banking details

8 April 2003

Warren Edwardes was interviewed by Shaheen Pasha, Dow Jones Newswires.

"I see anecdotal evidence of increasing political and sentimental weighting influencing the direction of Islamic and Middle Eastern investments. " said Warren Edwardes, ceo of London based financial product development and risk consultancy, Delphi Risk Management. "There has been an increased demand for euro denominated funds over the past year and a trend away from US dollar assets as evidenced by the rise in the Euro towards launch levels not justified on economic grounds. What is new is the drift in sentiment away from Sterling, which seems increasingly unlikely to join the Euro on political as well as economic grounds. The reasons for the shift in sentiment away from the US Dollar are many ..." details

4 April 2003

Warren Edwardes interviewed by John Murray, Editor, Mortgage Finance Gazette on Islamic finance in the UK. "Amongst the many problems for developers of Islamic mortgages in the UK are two issues - the issue of APRs and early and late repayment penalties." says Warren Edwardes details

11 November 2002

Warren Edwardes articles "Demystifying Islamic Banking" (11th November 2002) and "Less Technophilia: Have faith in fools" (19th November 2002) featured in Banking-2002, the online conference supported by The British Bankers Association and The European Central Bank. The inaugural online banking conference, Banking 2002, "has assembled Europe's foremost industry experts and authorities. They present white papers and case studies which contain essential information: helping you to identify the critical areas for investment and/or re-engineering." 11 - 22 November 2002. details

6 November 2002

Warren Edwardes was interviewed by Premala Shanmuganathan of Bank Marketing International on Islamic finance in the UK. "Apparent structural difficulties in terms of launching Islamic mortgages in the UK have led to uncompetitive pricing and a working party has been established by The Bank of England to address the stamp duty and capital
adequacy issues." Edwardes feels that "although the authorities' involvement is an encouraging sign, there is more than sufficient scope within current tax legislation to launch Islamic mortgages cost-effectively." details

31 October 2002

Warren Edwardes interviewed by Michael Bilde, Journalist, of the Danish business newspaper DAGEN in connection with the launch of The Islamic Financial Services Board. Edwardes says "I hope that it will provide an impetus for the industry. Islamic banks, as is the case with conventional banks not just have to be properly managed but they have to be seen to be well managed. But the IFSB should have teeth and be prepared to praise and shame and not be just another excuse for well-meaning meetings." details

25 October 2002

Warren Edwardes interviewed by Ing. Michal Kohút, Journalist, of the Slovakian banking website Banky.sk Zaujímavý tip od riaditeľa Delphi Risk Management London: " Tým, že banka predáva pri transakcii aktívum za viac ako ho získala, pripomína murábáha transakciu, pri ktorej sa úrokový výnos prevádza na kapitálový, za účelom vyhnúť sa zdaneniu". details

11 August 2002

banking strategy vol1 Katuri Nageswara Rao

Warren Edwardes quoted by Katuri Nageswara Rao in his book Banking Strategy. Islamic banking is interest free, trade or equity related and perhaps more ethical than modern general banking. There are Islamic versions of repos, leasing, unit trusts, installment purchases, non-recourse project finance, venture capital and equity investment, observes the author, Warren Edwardes. details

8 August 2002

Interview on Global Treasury News "Diversification away from the dollar" published interview

26 July 2002

Warren Edwardes interviewed by Hilde Overbekk, Editor, Banker Middle East "There is a noticeable change in sentiment amongst Islamic portfolio managers away from the US Dollar to the Euro on political grounds related to events in Palestine as well as security from seizure and diversification " says Warren Edwardes, published interview full interview

22 May 2002

Warren Edwardes interviewed by John Hardy of Dow Jones News Service for "Amid US Asset Scrutiny MidEast Investors Hike Dlr Sales" "There is a noticeable change in sentiment amongst Islamic portfolio managers away from the U.S. dollar... on political grounds related to events in Palestine as well as security from seizure and diversification," said Warren Edwardes, chief executive officer at Delphi Risk Management, a London-based risk advisor with extensive client relationships among both MidEast fund managers and Islamic institutions. Edwardes at Delphi Risk Management noted that this reduction in Islamic banks' focus on U.S. markets may prove damaging to the dollar over the longer term, in addition to its obvious short term impact. "Movement away from the U.S. is also on the back of a desire to diversify - as the vast majority of Islamic funds are dominated by the U.S. dollar," he said. full report from Dow Jones Newswire

18 April 2002

Warren Edwardes interviewed by Stephen Ulph of Jane's Islamic Affairs Analyst (IAA). and Emirates Investor. "Aside from the internal dynamic of the sector, I see evidence of a political weighting influencing the current development of Islamic finance. I envisage a rapid development of euro denominated Islamic funds, a trend away from the heavy concentration of Islamic money in US dollar assets and a growing demand for gold and euro denominated equity funds, on grounds related to the events in Palestine.” interview

17 March 2002

Warren Edwardes acted as conference chairman and spoke on Risk And Liquidity Management in Islamic Banking at The International Islamic Finance Forum, 17th to 19th March, 2002, Dusit Hotel, Dubai, United Arab Emirates. PowerPoint

7 March 2002

Warren Edwardes spoke to the British Bankers Association on: "Demystifying Islamic Banking" PowerPoint pdf

21 February 2002

Warren Edwardes appointed publications advisor to The Institute of Islamic Banking and Insurance. Mr. Muazzam Ali, Chairman of the IIBI wrote: "I shall feel very happy if, as an old fellow of the Institute, you would accept my invitation to be an Advisor (Honorary) on the publication division of the Institute of Islamic Banking and Insurance. Your advice on the Institute's various plans and projects will be very welcome. I look forward to your support and guidance."

11 November 2001

Warren Edwardes quoted by BABULÍKOVÁ , W., G. in the book "Islámska ekonomie a bankovnictví" ČTK REPRO, Praha. Zaujímavý tip od riaditela Delphi Risk Management London: "Tým, ze banka predáva pri transakcii aktívum za viac ako ho získala, pripomína murábáha transakciu, pri ktorej sa úrokový výnos prevádza na kapitálový, za úcelom vyhnút sa zdaneniu" extract

27 October 2001

Warren Edwardes interviewed by Sharifah Hafizah for AmeInfo, about the participation of international conventional banks in Islamic banking, its impact on the industry and future scenarios. details

25 October 2001

Edwardes interviewed by Jules Stewart of Financial Director (also on offshoretoday.com) on <Banks pay price of terrorism>: "Overall, the anti-money laundering offensive will touch off a two-way flight to quality. Corporates will want to make sure their funds are held by reputable institutions, while banks need to ensure they are dealing with clean customers . Corporates and banks have to be careful because counter-parties have long memories. It is difficult to build up relationships - and all too easy to destroy them." report pdf

23 July 2001

Warren Edwardes interviewed by IslamiQ.com, the on line Islamic finance journal on Islamic derivatives. "Just as takaful is an acceptable Islamic form of insurance, options for delivery of commodities by a producer of such a commodity should be acceptable. So also should options or forward derivative contracts on any of the Islamic financial instruments mentioned." details

1 May 2001

Warren Edwardes interviewed by IslamiQ.com, the on line Islamic finance journal: "But given a choice between a pure Islamic bank and a highly rated reputable international bank providing the same service, a client would rather go to the one that has a brand name than the one that provides Islamic-only services, without the brand name.". details

10 April 2001

Warren Edwardes speaks at Asia Business Forum's Islamic Project Finance conference, Kuala Lumpur on "Retail Islamic Financial products in a Western World" details PowerPoint

29 March 2001

Warren Edwardes interviewed by IslamiQ.com, the on line Islamic finance journal: "replacing Arabic terminology, such as "Ijara" with "leasing" or "Musharakah" with "equity participation", will lead to a greater understanding of the Islamic banking system". details

9 March 2001

Warren Edwardes elected Fellow of The Institute of Islamic Banking and Insurance. "This is to inform you that based on your contributions towards the development of Islamic banking, membership to the Institute as a Fellow has been approved by the Academic council."

11 December 2000

Katherine Green of Business Monthly, the magazine of the American Chamber of Commerce in Egypt interviewed Warren Edwardes on Islamic Finance. "This <Islamic interbank money market> is an exciting development which has been eagerly awaited." says Warren Edwardes, ceo of London financial product innovation and risk management consultancy, Delphi Risk Management. He continues "Islamic Banking has sufferred from being predominately bilateral in nature. This money market will create a multilateral banking system, inject a strong dose of much needed liquidity and lead to the development of sound Islamic bank treasury and asset/liability management" . He commented on the need for innovation: "Given the potential size of the Islamic banking market, I am surprised that more banks do not direct their creative energies towards this sector. There are many opportunities for banks prepared to innovate to satisfy their customers' unfulfilled needs based on Sharia law. "

4 July 2000

link Shilpa Mathai interviewed Warren Edwardes on Islamic Banking for the July 2000 issue of Gulf Business Magazine.

"Islamic banking is like any other banking business and the same market forces apply. Profit margins fall as new financial institutions enter the Islamic Banking market," said Warren Edwardes, CEO of Delphi Risk Management, the London-based financial product innovation and risk management consultancy. "Greater innovation is the way ahead", said Edwardes. "Bankers, Islamic and Western, should apply more creativity in the creation of products that meet the genuine needs and demands of Islamic investors and borrowers."

4 April 2000

link Maria Kielmas interviewed Warren Edwardes on Islamic Banking for the May 2000 issue of Planned Savings Magazine."There are about 1.2 million Muslims in the UK and a total of about 6 million in Western Europe. They represent an increasingly prosperous segment of the market, many of them working in the new economy IT sector . It is surprising that they have not been cultivated by the mainstream UK banks." says Warren Edwardes, CEO of Delphi Risk Management, the London-based innovation and risk management consultancy.

Delphi is currently advising a major UK bank on the provision of retail Islamic savings products.
"The Islamic banks operating in the UK are either relatively small or focus solely on the high net worth sector. My experience of the market in South Africa confirmed my view that whilst Muslims are very keen to place their savings according to Islamic principles, they would rather save with the major banks. A major UK bank or building society that provides such products would be pushing at an open door and would soon capture the lion's share of a grateful and loyal consumer base."

5 October 1999

ICM CONFERENCES Warren Edwardes acts as chairman of the first day of the ICM conference. ISLAMIC CAPITAL FUNDING; full programme: Tuesday 5th & Wednesday 6th OCTOBER 1999, Hilton Hotel, Kuala Lumpur. Mr. Edwardes will also speak on Risk Management of Islamic financial products. powerpoint of speech

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