07 May 2008
JEDDAH - With the Islamic investments market standing on the threshold of an exciting boom period, the 4th Annual World Islamic Funds & Capital Markets Conference (WIFCMC 2008) will this year feature prominent international industry leaders who will assess where the next wave of growth opportunities will come from.
The conference will be held on May 26-27 at the Gulf International Convention Center, Bahrain.
All signs now indicate that Shariah-compliant investments are generating tremendous excitement in the global marketplace with, in particular, the Sukuk market witnessing a spate of record-breaking deals and attracting phenomenal attention from international financial centers.
According to International Investment Bank (IIB) "indeed, Islamic banking has not only become a mainstream activity in several countries but a global booming industry throughout the world. The confidence in the sector has grown even further lately as Islamic banks were not directly affected by the sub-prime crisis. Growing liquidity in the region is however putting more pressure on Islamic banks to innovate and scale up their operations. These are exciting times for the industry and IIB looks forward to attending the conference and actively participating in the discussions in order to further the industry's reach".
WIFCMC 2008 is set to achieve a new record-breaking attendance, having already secured the support of a record five Platinum Partners for the first time. The conference enjoys the support of key Bahrain government agencies such as the Central Bank of Bahrain and Bahrain Economic Development Board, as well as the participation of the five platinum strategic partners: Khaleeji Commercial Bank, Bahrain Islamic Bank, Eskan Bank, International Investment Bank, and Bank Muscat International.
Other leading players that have already confirmed their role as key sponsors include Al-Rajhi Financial Services, Ernst and Young, Arbah Capital, ASAR Legal, Calyx Financial, DWS Investments, International Islamic Rating Agency and OHAD Trusts, Corporate and Financial Services WLL.
Dhafer Alqahtani, co-CEO & chief investment officer of Arbah Capital, one of the conference partners that have chosen this platform to launch their new products, said: "Arbah Capital chose this important conference in particular as a platform for launching one of its unique private equity funds and first of its kind because of the size and magnitude of participants from the Islamic investment industry particularly the funds. Without a doubt the WIFCMC conference is the Davos of Islamic funds."
Industry leaders are converging in full force to showcase their solutions at WIFCMC 2008 and also to hear from the experts on where the next wave of deals will come from in this dynamic market.
JEDDAH - With the Islamic investments market standing on the threshold of an exciting boom period, the 4th Annual World Islamic Funds & Capital Markets Conference (WIFCMC 2008) will this year feature prominent international industry leaders who will assess where the next wave of growth opportunities will come from.
The conference will be held on May 26-27 at the Gulf International Convention Center, Bahrain.
All signs now indicate that Shariah-compliant investments are generating tremendous excitement in the global marketplace with, in particular, the Sukuk market witnessing a spate of record-breaking deals and attracting phenomenal attention from international financial centers.
According to International Investment Bank (IIB) "indeed, Islamic banking has not only become a mainstream activity in several countries but a global booming industry throughout the world. The confidence in the sector has grown even further lately as Islamic banks were not directly affected by the sub-prime crisis. Growing liquidity in the region is however putting more pressure on Islamic banks to innovate and scale up their operations. These are exciting times for the industry and IIB looks forward to attending the conference and actively participating in the discussions in order to further the industry's reach".
WIFCMC 2008 is set to achieve a new record-breaking attendance, having already secured the support of a record five Platinum Partners for the first time. The conference enjoys the support of key Bahrain government agencies such as the Central Bank of Bahrain and Bahrain Economic Development Board, as well as the participation of the five platinum strategic partners: Khaleeji Commercial Bank, Bahrain Islamic Bank, Eskan Bank, International Investment Bank, and Bank Muscat International.
Other leading players that have already confirmed their role as key sponsors include Al-Rajhi Financial Services, Ernst and Young, Arbah Capital, ASAR Legal, Calyx Financial, DWS Investments, International Islamic Rating Agency and OHAD Trusts, Corporate and Financial Services WLL.
Dhafer Alqahtani, co-CEO & chief investment officer of Arbah Capital, one of the conference partners that have chosen this platform to launch their new products, said: "Arbah Capital chose this important conference in particular as a platform for launching one of its unique private equity funds and first of its kind because of the size and magnitude of participants from the Islamic investment industry particularly the funds. Without a doubt the WIFCMC conference is the Davos of Islamic funds."
Industry leaders are converging in full force to showcase their solutions at WIFCMC 2008 and also to hear from the experts on where the next wave of deals will come from in this dynamic market.
© The Saudi Gazette 2008
