Manama, Kingdom of Bahrain - 13 November 2016
After a very successful introduction of the first of its kind assessment tool for Islamic banks in 2015, WIBC 2016 is set to continue its efforts to enhance the performance and quality of the Islamic banking industry in the 2nd edition of the WIBC Leaderboard. The comprehensive performance assessment framework will help Islamic financial institutions assess their ranking and performance in comparison to their competitors. Specifically, the WIBC Performance Indicator will form the basis of the annually anticipated WIBC Performance Awards that will be announced at the WIBC Gala Dinner on 6th December 2016.
The WIBC Leaderboard is the innovative performance assessment that will provide rankings of the top Islamic banks and financial institutions based on a variety of robust financial and governance metrics such as asset growth, return on equity, return on assets, disclosures, and corporate social responsibility. The Leaderboard will provide industry participants a visually engaging view of Islamic banks to compare themselves with their peers at the global, regional and national levels across several dimensions. In addition to the individual metrics, banks will also be ranked on the basis of an aggregate score, which forms the apex of the WIBC Leaderboard. This aggregate index holistically ranks entities on the basis of the aforementioned financial and governance measures. The Leaderboard will therefore act as a benchmark for Islamic banks to estimate their performance against the top performing banks in the industry.
The data employed in creating the assessment framework has been sourced from the ICD Thomson Reuters Islamic Finance Development Indicator (IFDI) and Bankscope.
WIBC Leaderboard will have 3 categories for the Awards: One Global Award, Four Regional Awards for each of the following world regions: GCC, South East Asia, South Asia and Levant, Thirteen Country Awards for each of the following countries: Bahrain, Bangladesh, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Qatar, Turkey, UAE and Saudi Arabia.
This year in the innovative 23rd edition, WIBC will award a leader in the industry who has initiated notable contributions to the Islamic finance sector. The award - WIBC Islamic financier of the year 2016 - will be selected on the basis of audience votes, online, as well as at the venue and the individual with the most votes will be presented with the award at the Gala Dinner of the performance awards.
WIBC 2016 will take place from the 5th - 7th of December in the Kingdom of Bahrain, the most developed Islamic finance hub in the Middle East North Africa (MENA) region, with the strategic partnership of the Central Bank of Bahrain, at the ART Rotana Hotel, Amwaj Islands, Muharraq. For more information on the event, visit www.wibc2016.com.
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The World Islamic Banking Conference (WIBC) has established its reputation as the world’s largest and most influential gathering of international Islamic banking and finance leaders for over two decades. With the strategic support of the Central Bank of Bahrain, the next generation WIBC will focus on transforming Islamic finance into a global proposition by facilitating strategic opportunities, addressing systematic challenges and connecting international market players and institutional investors to the industry's catalysts, thought leaders, partners and institutions.
For over two decades, WIBC has served as a key platform for bankers, institutional investors, asset managers, policymakers, academics and other stakeholders within Islamic finance and banking from key markets such as Luxembourg, the United Kingdom, the Middle East, Sudan, Nigeria, Singapore, Malaysia, Indonesia, and other Asian growth markets. Over the years it hosted globally renowned leaders such as Sir Howard Davies, Former Chairman of the European Central Bank, Professor Robert Kaplan of Harvard Business School, Nicholas Naseem Taleb, the author of “The Black Swan,” and Dr. Mark Mobius, Emerging Markets Guru and Executive Chairman of Templeton Emerging Markets. With its strong focus on cutting edge content, WIBC remains the strategic event for staying ahead of the innovation and technology forces that will shape the Islamic financial services industry in the near future.
To find out more, visit www.wibc2016.com
With the rise of FinTech disrupting the traditional banking sector, E Squared has been initiated to integrate the developments of financial technology in the MENA region. Over the past decade, FinTech has become a prominent sector within the global startup scene, with investments tripling over the last few years. As the world’s financial systems continue to become more interconnected, there is a demand for better technology to link these systems. Partnering with the Bahrain Economic Development Board, this event will further establish an entrepreneurial ecosystem, which will give rise to new digital and tech startups in Bahrain.
To find out more, visit http://e2.wibc2016.com/
Join the global conversation on Twitter via @wibc2016 #WIBC2016
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