What is Islamic Finance? - Special Report on Bloomberg TV

What is Islamic Finance? - Special Report on Bloomberg TV

NEW YORK and LONDON, July 5/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

Source: Bloomberg L.P.

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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