Launch of Durra: Women in Islamic Banking

<p style="color: rgb(197, 183, 131);"><strong> AWARD WINNER -Euro-Mediterranean Managerial Practices and Issues Award, European Foundation for Management Development (EFMD) Case Writing Competition</strong></p><br>The case focuses on the vice-president and regional head of corporate banking for Noor Islamic Bank in Dubai as she arrives in the United States to promote the first global network for women in Islamic banking and finance, known as Durra. As a result, Islamic banks have been growing at a rate of 15 per cent per year, and have assets approaching $1 trillion, despite the recent banking crisis. Islamic banks also have a hard time filling the 30,000 new jobs created each year because of the specialized training required. One of the purposes of Durra is to help more women fill critical positions in Islamic banking and to help them manage their careers in order to assume leadership positions. The case also raises questions about how best to build a non-profit organization. Issues include how to attract new members and financial backers and how to build a useful and robust website that fulfills the needs of the organization.

The case introduces students to the concepts behind Islamic banking and the reasons why certain types of risky financial products are not permitted under Islamic law. This case can be taught as an:<ul><li>Introduction to Islamic banking and finance</li><li>Illustration of how to build a non-profit social networking organization</li></ul>

• Cultural Customs
• Non-Profit Organization
• Women in Management
• International Finance
• Northeastern