GERSTEN SAVAGE CHAIRS CONFERENCE ON ISLAMIC FINANCE IN NORTH AMERICA

New York conference Oct. 24-25 to focus on
Accessing Islamic investment opportunities

NEW YORK, October 11, 2007 –The New York law firm of Gersten Savage LLP is acting as a sponsor and also will also serve as a chair of an upcoming conference in New York that will examine a wide variety of Shariah-compliant investing issues.

Organized by Finance IQ and Shariah Capital Inc., Islamic Finance in North America, Accessing Innovative Islamic Investment Opportunities, will be held on October 24 and 25 at 3 West Club, 3 W. 51st Street in New York. Eric R. Roper Esq., a senior partner and chairman of the firm’s hedge fund practice, will deliver opening remarks and serve as moderator on October 24.

The conference will bring together leading experts on the regulatory and financial aspects of the Islamic banking industry. It will focus on the growth potential for Islamic finance in the U.S., regulatory and compliance issues affecting the development of Islamic financial markets, and current innovations in Islamic financial products. Shariah-compliant assets, which are invested according to Islamic law, now exceed some $500 billion globally, according to Finance IQ.

Featured speakers include noted Shariah scholars Sheikh Yusuf Talal DeLorenzo and Sheikh Nizam Yaquby, and Eric Meyer, Chairman and CEO of Shariah Capital. Inc., among many others.
Gersten Savage, one of New York’s top five independent law firms, specializes in corporate and finance. The firm has acted as counsel to Shariah Capital Inc., a firm listed on the AIM market of the London Stock Exchange, and registered and licensed with the Dubai International Financial Center.

In particular, Eric Roper has worked directly with Shariah Capital on its groundbreaking Shariah-compliant hedge fund solution. Shariah Capital and Barclays Capital recently announced the launch of a Shariah-compliant alternative investment platform that will utilize Shariah Capital’s solutions. Additionally, Shariah Capital’s Shariah hedge fund efforts resulted in its nomination for Best Innovation/New in Islamic Funds at an award ceremony in Dubai in November.

“We are very pleased to host this exceptional networking and learning opportunity in the growing sector of Islamic finance. Personally, I am pleased to be able to introduce Sheikh Nizam, Sheikh Yusuf and Eric Meyer at the event, which has attracted the very cream of the crop of Shariah scholars. I am honored to have worked with them, as well as with Shariah Capital. The conference should prove insightful for U.S. institutions looking to serve Islamic investors with Shariah-compliant financial products and services,” Roper said.

“I am so glad our dear friend Eric Roper will be chairing Islamic Finance in North America. He has been a driving force behind much of our efforts. I know of no better person more at ease introducing leading Shariah scholars and Western business professionals alike. He is a treasured resource to Shariah Capital and its scholars,” said Eric Meyer.

For conference registration information, call 1-800-882-8684 or visit -800-882- www.iqpc.com/us/IslamicFinance.

About Gersten Savage LLP
Gersten Savage LLP, founded in 1977, is considered one of New York City’s top five independent law firms. A full-service firm, Gersten Savage’s practice groups cover corporate, finance, tax, litigation, bankruptcy, real estate, and intellectual property in the United States and throughout the world. The firm is celebrating its 30th anniversary this year.

Gersten Savage represents issuers and broker dealers on matters ranging from private placements, public underwritings, regulatory compliance, and merger and acquisitions. The firm also represents principals in the establishment of hedge funds and off-shore financing entities. In addition, the firm represents start-up companies, established public and private enterprises, domestic and offshore investment partnerships, and registered investment advisors. Its international and tax planning division is able to provide a full range of legal services to its clients is enhanced by intellectual property, bankruptcy and real estate expertise. The firm’s clients span a broad range of industries, including investment banking, e-commerce, consumer products, insurance, health-care, manufacturing, importing, mining, oil and gas, distribution, and retailing.

About Shariah Capital Inc.
Shariah Capital, Inc. is a multi-dimensional company that creates Shariah-compliant financial products and provides Shariah-compliant consulting and related services. Listed on the London Stock Exchange’s Alternative Investment Market (Symbol: SCAP.L), the company delivers these products and services under its own brand name, under co-branding arrangements with joint venture partners or on a private label basis. Its targeted clients are financial institutions and investment management firms that are building product platforms directed to the Middle East, Asia and the Far East, and specifically to Islamic institutional and high net worth investors. Additional information about Shariah Capital, Inc., can be found at www.shariahcap.com.

About Finance IQ
Finance IQ is a division of IQPC, International Quality and Productivity Center, which provides business executives around the world with tailored practical conferences, large scale events, topical seminars and in-house training programs, keeping them up-to-date with industry trends, technological developments and the regulatory landscape. IQPC's large scale conferences are market leading “must attend” events for their respective industries.

IQPC produces more than 1,500 events annually around the world, and continues to grow. Founded in 1973, IQPC now has offices in major cities across six continents including Berlin, Dubai, Johannesburg, London, Madrid, New York, Sao Paulo, Singapore, Stockholm, Sydney, and Toronto -- with additional openings scheduled for 2007. IQPC leverages a global research base of best practices to produce an unrivalled portfolio of conferences.

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