Press Release 18 Nov 2012

Dublin, Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, today announced that a global advisory firm in Islamic Finance, Amanie Advisors is to establish an operation in Dublin. The move by Amanie into Ireland is significant for Ireland’s financial services sector as it will enable Irish and European companies to access a relatively new source of funding through the Islamic Capital Markets. The investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.

Amanie was established in Kuala Lumpur in 2005 and provides its clients with advisory in the Islamic Capital Markets, structured finance and fundraising solutions. From its Dublin office the company will also deliver Shari’ah advisory on product structuring, enhancement and endorsement; Shari’ah supervisory and monitoring services and annual Shari’ah review; Shari’ah secretariat support and services and Shari’ah screening for equities.

Minister Bruton said, “The Government has an ambitious plan for job creation in financial services, and a major part of this is seeking to support developing sectors within financial services, such as  green financial services and Islamic financial services. Today’s announcement that Amanie Advisors Limited is establishing an operation in Dublin for the first time is very welcome, and provides evidence of the potential for future growth in this sector.”

Making the announcement Dr. Daud Bakar, Group Chairman of Amanie said ‘’Amanie chose Ireland for this investment due to its growing reputation as a hub for Islamic Finance operations. Ireland provides a strong track record in the international financial services sector, a pro-business environment and a highly-skilled workforce. I would like to thank the Irish Government and IDA Ireland for their support in setting this up and I look forward to the continued growth of Amanie in Ireland.’’

Commenting on the announcement, Barry O’Leary, CEO of IDA Ireland said, ‘’Amanie’s location in Ireland marks a significant addition to our international financial services sector. There is currently $1 billion USD worth of Shari’ah compliant funds in Ireland while around 20% of all Shari’ah funds outside the Middle East are now based in Ireland. Today’s announcement marks IDA’s first investment win from a Malaysian company and builds on Ireland’s Islamic Finance capability.’’

Amanie’s European deal origination will be managed from the Dublin office by Noel Lourdes who was an advisor to the Central Bank of Ireland from 2009 to 2012 and previously practised with KPMG Corporate Finance.

For further information please contact:

Noel Lourdes, Executive Director, Mob: +353 (0) 87 6839509
IDA Ireland
Antoinette Tyrrell, Press Officer, Mob: +353 (0) 87 7572053
Press Office, Department of Jobs, Enterprise and Innovation, 01-6312200,

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