Mega Events - THE 14TH ANNUAL WIBC CONCLUDES WITH PREDICTIONS OF FURTHER INDUSTRY GROWTH AND INNOVATION

The 14th anniversary World Islamic Banking Conference (WIBC) assured afresh with experts admiration Shari’ah cyberbanking would not escape the sub-prime acclaim squeeze. Sameer Abdi accomplice at Ernst & Young Bahrain and the arch of the Islamic Financial Services Group said; “There accept at times been suggestions that Islamic Financial institutions will not be afflicted by the advancing sub-prime mortgage in the US. However, all banking institutions will be afflicted by the college amount of borrowings, behindhand of the akin of clamminess in the GCC.”

Abdi fabricated these statements at the ‘Power Table’ agitation that assured the three- day WIBC appointment in Bahrain. The Power table empiric that a above claiming for Shari’ah cyberbanking institutions is to approach assets and focus on those markets and segments that accept the greatest abeyant for agitative growth.

The absolute day opened with the Leaders & Winning Strategies affair area Innovation in Islamic accounts and the accepted challenges were discussed by Michael Chahine, Director and Global Head of Islamic Banking Distribution, Credit Suisse, Fares Mourad, Director and Global Head of Islamic Investment, Credit Suisse & Olaf Ransome, Director (Prime Services) Head of Business Development, Credit Suisse, Zurich.

The Corporate & Investment Banking Summit: Pinpointing the Next Wave of Big Deals focused on exploring key trends in the accumulated & investment cyberbanking markets, the latest developments in the Islamic basic markets with a specific accent on the way advanced for Sukuk.

The appointment aswell focused on the Islamic Retail Banking bazaar and analysed the artefact development and operational capabilities of the industry leaders with a appearance to abduction the chump cyberbanking advance opportunity.

During the Shari’ah & Business Open Forum, a high-profile console of advisers and bankers tackled the challenges of ensuring greater bendability of Shari’ah interpretation, enabling an able interface amid business imperatives and the Shari’ah board, while acclamation the curtailment of Shari’ah scholars.

The development of the Singapore bazaar and the accessory accident and adjustment of Islamic banks was discussed by Chia Der Jiun, Executive Director (Prudential Policy) of the Monetary Authority of Singapore. He declared Singapore as a above all-embracing broad cyberbanking centre with US$880billion of cyberbanking assets in the Asian Dollar market, with a fast growing abundance administration hub of about US$600billion Assets beneath Management to growing about 30% over accomplished 5 years and Islamic absolute acreage funds of over US$1.35billion.

With 1,000 attendees from added than 35 countries aggregate at the conference, speakers and assembly agreed that the actual approaching of the industry is characterized by a able advance abeyant abnormally above the acceptable markets. While the development of Islamic cyberbanking in the GCC markets will abide to advance the way, experts at the appointment aswell predicted cogent advance for Islamic cyberbanking in Asia and even in markets in the UK, Europe, Africa and North America.
Ends-

For added media advice amuse contact:
Sharon Pereira
MATRIX PR
Tel: +9714 3430888
Email: sharon@matrixdubai.com

Matrix Public Relations is an absolute accessible address consultancy based in Dubai, the activating bartering and media centre of the Gulf.

We specialise in accouterment PR admonition and casework to advice our audience enhance their casting disinterestedness and accumulated acceptability in the region. By marrying all-embracing PR ability with acute bounded ability we are able to plan and apparatus cardinal communications initiatives that absolutely accomplish a difference.