xii About the Contributors
development, having written “Start-up and Run Your Own Business” and
edited numerous titles in the “Doing Business with ...” series. Most recently,
he has focused on management development with the website
http://www.IEDP.info, and now has a strong interest in the growth and expansion
of Islamic finance.State Bank of Pakistanis the central bank of Pakistan, and responsible
for ensuring the soundness of the financial system in the country by
regulating and supervising the banking sector, liquidity in the banking
sector in order to achieve inflation targets setby government, maintaining
the value of the national currency and managing monetary policies to
achieve macro-economic targets.
Pervez Said has a masters in business administration from Ohio
University in the US. His overall work experience is spread over 26 years;
he has worked for various multi-nationals such as Johnson & Johnson,
Reckitt & Colman, Unilever and Exxon Chemicals. He started his banking
career with Citibank Pakistan in conventional banking, and then moved to
Islamic banking for reasons of conviction. He has worked in Islamic banking
with Citibank, Standard Chartered Bank and MashreqBank in the United
Arab Emirates. Currently, he has taken the role of regulator for the Islamic
banking industry, and he is also an advisor to the governor of the State
Bank of Pakistan.The Financial Services Authority (FSA) is an independent non-
governmental body, given statutory powers by the Financial Services and
Markets Act, 2000, to regulate the financial services industry in the UK. It
has four statutory objectives: market confidence (maintaining confidence in
the financial system); public awareness (promoting public understanding of
the financial system); consumer protection (securing the appropriate degree
of protection for consumers); and the reduction of financial crime (reducing
the extent to which it is possible for a business to be used for a purpose
connected with financial crime). It also has regard for “principles of good
regulation”.
Ali Ravaliajoined the FSA in 2004 on the “graduate programme” having
completed a masters in economic history at the London School of Economics,
and a BA in economics and arabic from the University of London. Ali has
worked for Deloitte, RBS and HSBC and spent a year conducting research
on off-shore banking and economic development in Bahrain. He has recently
completed a secondment at the Treasury where he worked in the Financial
Services Strategy Team. He has held several roles in the FSA, including
roles in the HSBC Supervision Team, the Basel II Project Team in the Risk
Review Department, and in primary markets policy.Yasaar Ltdis an independent firm based in London and is not affiliated to
any financial institution or investment organization. It offers Shari’a
compliance services and consultancy to various globalfinancial institutions.