Islamic finance in focus at Bahrain conference

16/09/2014 11:20 AST

More than 1,300 high-level industry professionals from over 50 countries will take part in major Islamic banking conference in Bahrain.

The the 21st annual edition of the World Islamic Banking Conference (WIBC 2014) will be held under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa from December 1 to 3, said a report in the Gulf Daily News (GDN), our sister publication.

The participants will join more than 60 market-leading partners and sponsors.

The three-day event will commence with a series of pragmatically focused pre-conference summits led by experienced and internationally renowned market leaders and experts.

The main WIBC 2014 conference, which begins on December 2, will be inaugurated by Central Bank of Bahrain Governor Rasheed Al Maraj.

Organisers said industry supporters have also lauded how successfully Islamic banking has largely weathered the global economic crisis that engulfed the conventional banking industry.

However, notwithstanding these achievements, much still needs to be done if the industry is to move beyond its niche status, truly come of age and play its part on the world stage.

The theme of the WIBC 2014 will focus on 'Islamic Finance: Towards the New Paradigm Shift in Global Financial Markets', and will tackle key areas of the Islamic finance sector.

This will include regulatory, strategic, Sharia, operational and risk transformation to ensure that the industry is able to build critical mass, expand its geographic reach and depth, and participate in large-scale deals seamlessly across jurisdictions - and, ultimately and most importantly, to successfully meet the needs of an ever-growing base of investors, customers and end-users.

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