Capinnova backs Islamic banking event
Manama, November 20, 2011
Capinnova Investment Bank, the Shari’a compliant investment banking arm of Bank of Bahrain and Kuwait (BBK), has confirmed its partnership at the 18th Annual World Islamic Banking Conference (WIBC 2011) as gold strategic partner.
WIBC 2011, the world’s largest and most influential annual gathering of leaders in the global Islamic banking and finance industry will be held from November 21 (tomorrow) to 23, a statement from the bank said.
The event will be held in strategic partnership with the Central Bank of Bahrain (CBB), and see more than 1,200 industry players, key regulators, and thought leaders from over 50 countries engage in critical discussions that will provide an enabling platform to build the scale, co-operation and capability necessary to guide the Islamic finance industry on its journey to sustainable growth.
The three day event, held under the theme “Competing for Global Growth” will set the stage for discussions that will seek to boost the scale of Islamic finance activities across international markets, the statement said.
Jamal Hijres, CEO of Capinnova Investment Bank, said: “The country remains a popular destination for foreign investors on account of its established regulatory practices, transparency and adherence to international standards. We strongly believe that Bahrain will continue to see strong growth in its financial sector.”
He also said that there are several opportunities to be tapped within the country to secure good returns and long-term sustainability.
Capinnova Investment Bank is a Shari’a compliant investment bank licensed by the CBB and is wholly owned by BBK. It is well capitalised with an authorised capital of $500 million and a paid-up capital of $151.5 million.
Its core areas of business include private equity, asset management and corporate finance, the statement said.
Capinnova’s vision is to be a world-class Islamic investment bank offering a range of high quality Shari’a compliant products and services to a diverse clientele including financial institutions, companies & establishments, high-net-worth-individuals and family businesses, regionally and globally, it said. – TradeArabia News Service