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Archive for April, 2011

Search for Birth Parents – Adoption Records

Friday, April 29th, 2011


In a typical closed adoption, the adopted person knows very little about his biological family members. In many cases even basic family medical history is unknown. When these adoptees reach adulthood they often decide to search for their birth relatives to get answers about where they come from.
Get Adoption Facts to Begin a Successful Search for Birth Parents

The first step for an adoptee wishing to find his birth family is to make a list of everything he knows about his birth and adoption. The adoptive parents are the best – and possibly only – source of this information. Of course they can only reveal what they were told themselves during the adoption process. Usually the adoptee will have to fill in the blanks during the search process.

.Reference resource: Click Here.

SWIFT Goes Shariah compliant for Interbank Murabaha Transactions

Thursday, April 28th, 2011


SWIFT has announced that ISO 15022 message standards for the processing of treasury murabaha transactions have been certified compliant with the international Islamic finance standards issued by AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions). This certification paves the way towards the automated processing of murabaha treasury transactions, said to represent 60 percent of all Islamic financing.

Murabaha includes money transfer and commodity trade. While SWIFT has carried the money transfer for many years, commodity trade has been completed manually, usually by fax without any globally agreed standard. SWIFT’s solution uses the ISO 15022 message standards within the guidelines of a murabaha standards rulebook

More than 240 Islamic banks representing 84 percent of global Sharia compliant assets are members of SWIFT. Islamic finance is growing at more than 20 percent per annum, and the demand for Shariacompliant messaging standards is increasing as a result. SWIFT is working with the Islamic financial community to address this demand, both at the level of individual banks, and with organizations such as AAOIFI and AIBIM (the Association of Islamic Banking Institutions Malaysia).

.Reference resource: Click Here.