Compliance Search Features Sharia Microlending Article by Banker’s Academy’s Dr. Linda Eagle

May 15, 2011 - PRLog -- New York, NY, May 14, 2011 -- Compliance Search has recently published an article written by Edcomm Banker’s Academy’s President and Founder, Dr. Linda Eagle on the subject of Sharia Microlending. Published on May 6, “Meeting Customer Needs by Making Microlending Products Sharia Compliant” addresses how Islamic institutions and institutions with Islamic divisions can best reach low-income individuals needing Sharia-compliant banking services with microlending products.

Banks have the opportunity to reach the growing market, create a wide and loyal customer base and be seen as a positive force in the community by providing Sharia-compliant products. In order to meet the needs of these customers, there are certain steps that banks must take to ensure that the microlending products they offer follow the concepts of Sharia, and are compliant with bank regulations as well as Islamic banking policies.

According to Dr. Eagle, any institution that offers Islamic products or services must first invest time in educating their personnel on the policy and procedure associated with Sharia compliance. “It is necessary for all staff to have a basic understanding of Sharia and the important principles which Islamic customers live by, in order to better provide the products and services these customers need,” said Dr. Eagle.

For more information about programs like this, or to find out how The Edcomm Group Banker’s Academy can customize any training program, log onto www.bankersacademy.com or call +1.212.631.9400.

Compliance Search specializes in the recruitment and placement of compliance professionals and executes nationwide and global executive retained searches, contingency searches, job postings and consulting services for investment banks, broker-dealers, hedge funds, mutual funds, private banks, insurance companies, investment advisors and the full array of financial services firms.

The Edcomm Group Banker’s Academy is a 24-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share - providing bottom-line results. The Edcomm Group Banker’s Academy has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, online bank training and classroom instruction, multimedia production and online and print based documentation. Edcomm Banker's Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).

The Edcomm Group Banker's Academy (www.bankersacademy.com) is headquartered in New York City with locations and representation throughout the world.

Contact :
Dr. Linda Eagle
Edcomm Banker’s Academy
21 Penn Plaza, Suite 1010
New York, NY 10001, USA
Fax: 212.631.0659
+212.631.9400
linda.eagle@edcomm.com
http://www.bankersacademy.com