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IIFM kick-starts three-day WIBC with seminar on Islamic capital markets, to be followed by Thomson Reuters panelsled by Deputy Governor of National Bank of Kazakhstan, CEO of Toronto Financial Services Alliances, CEO of Bank of Khartoum and other luminaries
Manama, Bahrain: Today the World Islamic Banking Conference (WIBC) and the International Islamic Financial Market (IIFM) hosted an engaging pre-conference seminar on Islamic capital markets. In attendance were global Islamic finance leaders who converged at the Gulf Hotel in Manamafrom far and wide -including from the US, UK, Nigeria, Indonesia, Australia, Azerbaijan, Russia and China.
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 andTrade 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.
Key areas discussed included the impact of adopting more comprehensive standardization documentation to promote the growth of Islamic finance, challenges facing future development of Sukuk markets, and developments to broaden availability ofIslamic hedging alternatives.
For the very first time, the WIBC pre-conference day includes an afternoon feature during which Thomson Reuters, WIBC's Knowledge Partner, will facilitate a dynamic roundtable on growth opportunities in key emerging Islamic finance markets with a focus on strategic regions--Central Asia, North Africa and the Americas. The discussions will be led by seasoned practitioners with first-hand experience and knowledgeabout how to spur growth in these unique markets. Kazakhstan, Canada and Sudanwere specifically chosen as being the most likely to emerge as growth markets for the global Islamic finance industry.
Speaking ahead of the roundtable, Janet Ecker, President & CEO of the Toronto Financial Services Alliance, explained why her organization was participating at WIBC on behalf of Canada: "Emerging from the global financial crisis, financial stability has been a watchword for a successful financial hub. And Canada's banking system has consistently been ranked as the safest in the world, providing our financial sector with a sound foundation for growing opportunities in Islamic finance and helping to build Canada as a hub for Islamic Finance within North America."
She concluded by emphasizing that the "World Islamic Banking Conference (WIBC) is a great platform to help build awareness of Canada's value proposition."
The afternoon roundtable will also explore Kazakhstan as the next frontier for Central Asia. H.E. NurlanKussainov, Deputy Governor of the National Bank of Kazakhstan, will speak on his country's Islamic finance potential. Speaking ahead of the roundtable, His Excellency shared: "Recently Islamic finance has started to play a major role in the global financial system. In this context, the role of Kazakhstan among the most attractive platforms for amplifying Islamic finance is of great significance."
The first official day of WIBC will take place on the 2nd December, and will continue on 3rd December. The 22-year platform will play host to leaders and organisations from over 45 countries.
To find out more about WIBC, visit www.wibc2015.com.
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Connecting markets with intelligent insights & strategic execution since 1993.
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 22 years.
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About WIBC
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 NaseemTaleb, 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.wibc2015.com.
Join the global conversation on Twitter via @wibc_2015 #wibc2015
Nikita Kandath
Marketing & Media Manager
Middle East Global Advisors
Tel: +971 4 441 4946
Email: nikita@meglobaladvisors.com
© Press Release 2015
