Path Solutions sponsors AAOIFI Annual Sharia Conference

May 29, 2010 - Path Solutions confirmed its support as Silver Sponsor of AAOIFI’s 9 th Annual Sharia Conference which took place on 26 and 27 May in Manama, Kingdom of Bahrain.

The conference was held under the auspices of the Central Bank of Bahrain. Amongst the topics covered during this 2-day event the applications of Sharia on calculation and allocation of profit allocation in Mudaraba (investment management) and Musharaka (partnership) transactions, distribution of Takaful surplus and relationship between policyholders’ fund and management, potential application of ‘sale and buyback and cooling-off clause in deferred sale’ in addressing liquidity shortfall, Sharia-compliant mechanisms in dealing with delinquent debts and compensation for delay in debt repayment, and SPV and fiduciary roles in issuance of Islamic financial instruments.

Further details are posted on this link: http://www.aaoifi.com/Pastconferences.html