Minneapolis, MN, December 3, 2018 – Magni Global Asset Management LLC (Magni) announced today that CEO Kurt Lieberman was again invited to speak at the annual World Islamic Banking Conference (WIBC). Now in its 25th year, WIBC is the foremost Islamic finance gathering. It provides key insights and supreme thought leadership from policy makers, central bankers and key decisionmakers at leading Islamic finance institutions. It was held November 26-28 in the Art Rotana hotel on the Amwaj Islands, Bahrain.
In a strategic partnership with the Central Bank of Bahrain, the theme of this year’s WIBC event was Islamic Finance & Sustainable Economic Growth in the Age of Disruption. Lieberman moderated a panel that included Behnam Gurban-Zade, Chief Islamic Finance Officer with Sberbank, in Russia; Mohammed Shaheed Khan, a senior Islamic Banker based in Bahrain; and Salam Slim, the global solution head of Islamic Banking at Oracle Financial Services. “Our discussion focused on Russia,” says Lieberman, “and specifically whether Russia will become a major participant in Islamic Finance.” Islam is the second most widely professed religion in Russia, which borders several majority-Muslim countries. The panelists discussed the likelihood of Russia emerging as a player in Islamic finance to serve both its citizens and the opportunities in adjacent countries. The long-term economic success of Russia was considered to be more dependent on strengthening its governance than diversifying its economy or emerging in Islamic finance. The panel and subsequent questions from the audience focused on the priorities and realities of efforts to strengthen Russian governance.
For a complete conference agenda, visit wibc2018.com.
About Magni Global Asset Management
Magni Global Asset Management LLC is a leader in corporate governance research on countries and companies, focusing on the behavior of the entity. Magni developed the Sustainable Wealth Creation principles to evaluate country-level governance. The principles are based on widely accepted economic concepts regarding the accounting, legal, regulatory, adjudicative, and economic infrastructures of countries. Countries with strengths in these areas provide environments conducive to effective corporate governance. Magni’s extensive database contains research on countries across 280 qualitative factors over 17 years.
Magni established the Sustainable Value Creation principles to evaluate public companies. These principles were applied to analyze 316 qualitative factors on each company. In addition to researching each company’s relationship with its shareholders and employees, the assessment also includes relationships with customers, suppliers, competitors, and the communities in which a company operates.
Magni’s offerings are divided into two product lines: Country Governance and Company Governance. The country-level and company-level portfolios are available as investible products, model portfolios, and indexes. The Company Governance portfolios are also available with the addition of religious guidance in the Corporate Governance model (e.g., Catholic Values Portfolios and Islamic Stewardship Portfolios). The Islamic Stewardship Portfolios incorporate a more complete use of Islamic guidance than most existing Islamic asset management offerings by including both an exclusionary Shariah-compliance screen and allocations determined by alignment with Islamic guidance per the Maqasid.
For more information, please visit www.magniglobal.com, or follow us on Twitter @MagniGlobal.
Brad Hanson, Managing Director
Laura Gideon, Managing Director
Magni Global Asset Management
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