The unique FinTech event drew crowds to the 1st day of the World Islamic Banking Conference alongside the IIFM seminar
Manama, Kingdom of Bahrain - 5 December 2016
Today WIBC 2016 became the key platform to the inauguration of an exclusive event on FinTech and Digital Banking - Enterprise Excellerate (E2) and the IIFM seminar on Sukuk and Islamic Trade Finance. In attendance were Islamic finance leaders, FinTech and digital banking leaders, entrepreneurs, tech start-ups, venture capitalists and investors from the region, as well as across the globe.
E2 is a fresh concept introduced by WIBC with the strategic support of the Bahrain Economic Development Board for visionaries in the tech industry to explore prospects in the financial sector. The venture aims to converge key players and investors in the GCC region to Bahrain, leveraging the country’s strong record in supporting growth in the Middle East, its leadership in Islamic finance, and initiatives to foster an entrepreneurial ecosystem.
The very first edition had a superb start with an engaging keynote speech by David Parker, Executive Director - Financial Services of the Bahrain Economic Development Board, who spoke about the importance of establishing an entrepreneurial ecosystem in Bahrain to attract investments from abroad and to support startups and SMEs within the region
The exciting sessions of E2
includes talks on the Fintech revolution, global FinTech trends, blockchain and cryptocurrency, the rise of robo-advisors, crowdfunding and the exclusive launch of the Bahrain Venture Capital Report.
Alongside E2 was the IIFM seminar that once again returned this year with their insightful sessions on Sukuk and Islamic Trade Finance. The IIFM is a globally renowned standard-setting organization for the Islamic financial services industry focusing on standardization of Islamic financial contracts and product templates relating to the Capital & Money Market, Corporate Finance and Trade Finance segments of the industry. It promotes market unification by developing best practices and achieving Shari’ah harmonization to create a more robust, transparent and efficient Islamic finance industry. The sessions at the IIFM imparted industry leaders with insights on Islamic Hedging & Liquidity Management instruments, as well as a comprehensive coverage of the nuances of and myriad topics on Islamic financial markets.
The 1st day of WIBC 2016 will take place on the 6th of December 2016 at 9:00am at the ART Rotana Hotel, Amwaj Islands, Bahrain and will feature the most awaited speeches of the 2 Central Bank Governors and Deputy Governor of Saudi Arabia, and Bahrain. For more information on WIBC, visit www.wibc2016.com
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Middle East Global Advisors (MEGA) is the gateway connectivity and intelligence platform to opportunities in the rapidly developing economic region that stretches all the way from Morocco in the West to Indonesia in the East - The Middle East North Africa Southeast Asia (MENASEA) connection. We pride ourselves for being at the heart of these diverse markets for over 23 years.
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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
Join the global conversation on Twitter via @wibc2016 #WIBC2016
With the rise of FinTech disrupting the traditional banking sector, E2 has been initiated to integrate the developments of financial technology in the MENA region.Â 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.Â 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/
Marketing & Media Manager
Middle East Global Advisors
Tel: +971 4 441 4946
© Press Release 2016