Status of regional and global Islamic banking to be discussed

Sunday, Feb 27, 2011

Gulf News

Al Hilal partners NBAD to stage major event in Abu Dhabi

Abu Dhabi: Al Hilal Bank, one of the UAEs fastest-growing Islamic banks, will discuss the current state of Arab and global Islamic banking during the third Annual Global Financial Markets Islamic Forum on February 27-28 at the Yas Hotel in Abu Dhabi.

Organised by the National Bank of Abu Dhabi (NBAD), the forum complements efforts to further grow Abu Dhabi as a regional financial services centre in line with the emirates long-term Vision 2030 development plan. Al Hilal Bank, a sponsor of the event, will partner with NBAD to explain multiple aspects of Islamic banking.

The upcoming forum will enable us to assess the status of our regions banks and compare their development with their global counterparts. It will be a good venue for our industry to formulate effective strategies for bolstering Abu Dhabis status as a rapidly-growing hub for regional finance and for highlighting the special role of Islamic banking in this regard. It will also be an opportunity for Al Hilal Bank to highlight its key Sharia-compliant banking services, said Mohammad Jamil Berro, CEO of Al Hilal Bank.

Dr Nassim Nicholas Taleb, Distinguished Professor at New York Universitys Polytechnic Institute, will deliver the keynote speech. Nasser Ahmad Khalifa Al Suwaidi, the Chairman of the Economic Development Department and member of the Abu Dhabi Executive Council, will also speak.

Advisers from Al Hilal Bank will be present to clarify the banks various services such as wealth management and corporate banking.

More details on the third Annual Global Financial Markets Islamic Forum can be viewed at www.gfmif-nbad.com.

Staff Report