5th World Islamic Retail Banking Conference will feature Sheikh Nizam Yaquby at the Annual Open Fatwa Session.
As the global banking industry has realised the potential of Islamic banking, conventional banks are exploring the opportunity to offer their customers Islamic banking products through Islamic Windows.
An Islamic window is simply a special facility offered by conventional banks to provide services to customers who wish to have an Islamic banking service. However learning from competitors who have tried to adopt the Islamic Window scope and failed, many banks are using their branch network to open an 'Islamic window', to reach new customers and at the same time testing the potential of the market.
5th World Islamic Retail Banking Conference, will feature Wasim Saifi, Chief Executive Officer at Standard Chartered Saadiq Berhad & Global Head, Islamic Consumer Banking, Standard Chartered Bank elaborating on the pitfalls and shortcomings of a Window model.
Taking place on the 26 - 27 November 2013, at the Shangri-La Hotel, Dubai - UAE, this conference will feature the Annual Open Fatwa Session, participated by renowned global Shariah scholars and experts such as Sheikh Nizam Yaquby, Shaykh Haytham Tamim, Sirajulhaq Hilal Yasini, Dr. Muhammad Al-Bashir Muhammad Al-Amine and Dr. Aznan Hasan (Shariah Advisor of Bursa Malaysia),
This dedicated session is one of the key highlights of the conference and will focus on the the current challenges and identify opportunities that are explored by Shariah scholars such as -
- Driving product convergence and reducing Shariah gaps in different markets especially within Middle-East & South East Asia
- Standardization of fatwas across similar geographies
- Development of Shariah based products as opposed to Shariah compliant products
- Retail Banking Financing Products-without Bai al inah, Tawarruq (Commodity Murabaha) & Bai Ad Dayn- What are the options available?
- The importance of Shariah scholars having the business acumen, understanding trade terms and commercial practises - pre-requisite for making consistent, well analysed yet fast fatwas/rulings
5th World Islamic Retail Banking Conference will provide a platform for Global Islamic Banking leaders to analyze, evaluate and improvise their retail strategy in order to give a better customer experience and hence make profitable business.
For all details regarding our speakers, presentation topics and the conference agenda please visit our event webpage finance.fleminggulf.com/world-islamic-retail-banking-conference
Media Contact:
Mohor Mukherjee
mohor.mukherjee@fleminggulf.com
+971 4609 1570
+971 4609 158
finance.fleminggulf.com/world-islamic-retail-banking-conference
© Press Release 2013
