3rd Gulf Research Meeting
|Date :||July 11th -14th 2012|
|Venue :||University of Cambridge|
Dr. Sunil Kumar, Head of Risk Management Middle East and Africa, Wolters Kluwer Financial Services' FRSGlobal presented a joint paper at the 2012 Gulf Research Meeting on "The performance of Islamic Banks: A Comparative Study of Conservative, Liberal and Moderate Institutions"
The study is a pioneering attempt at finding relationship between the profitability and the strictness of application of Islamic rules in banking. Islamic Financial Institutions are classified into three categories, viz., liberal, moderate and conservative based on a questionnaire model. The results are then tested against the profitability. The study also aims to bring out the differences between various Middle East countries in terms of profitability and level of Shariah Compliance.
About: Dr. Sunil Kumar, Head of Risk Management Middle East and Africa, Wolters Kluwer Financial Services | FRSGlobal
Dr. Sunil is one of the most accomplished trainer and consultant in the field of Risk Management. An MBA in Finance from University of Southern Queensland, Australia with a Ph.D. from Indian Institute of Technology Bombay in applied IT to Banking and Finance, Dr. Sunil’s current funded research is on Islamic Banking and is globally accepted as a pioneering work. His experience in finance spreads over sixteen years and span across diverse industry groups and several countries.
Dr. Sunil is based in Dubai and has strong understanding of regional risk related issues. The local knowledge combined with international exposure provides him with a unique capability of imparting global knowledge with local focus. He is well known for his ability of transforming complex risk issues into simple concepts.
He is presently the Head of Risk Management Middle East and Africa for Wolters Kluwer Financial Services| FRSGlobal and is responsible for FRSGlobal’s presence in ME and Africa region. Prior to this, he held a similar position for IRIS integrated risk management ag, Switzerland. He has strong understanding of Islamic finance and is considered to be one of the leading experts in the area of risk management. Dr. Sunil is an acclaimed trainer, teacher, a consultant, a writer and a practitioner and carries vast experience of several consultancies in financial sector, focusing on Islamic Banking, Basel II, Risk Management, Operational Risk, and Credit Risk. He has written several articles in journals, newspapers, magazines, and other media. He is a regular speaker at various regional and International events. He has also served as Chief Strategist and Architect for the e-Services of the Ministry of Health, UAE and has been specially honored for his excellent contribution by His Excellency Minister of Health UAE.
His co-authored books on Risk Management including “Financial Risk Management for Islamic Banking and Finance” published by Palgrave McMillan UK which is considered to be pioneering work in the field of Risk Management in Islamic Banking. The book is among the top recommended reading for FRM by GARP.
He was a member of International Committee for Islamic FRM Certification program by GARP and Central Bank of Lebanon. He is the Co-Regional Director of Global Association of Risk Professionals, Dubai.