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Conference to discuss new growth

Manama, May 17, 2012

Industry leaders will come together for the World Islamic Funds and Financial Markets Conference (WIFFMC) set to be held in Bahrain this month under the theme "New growth horizons: expanding the global footprint of Islamic funds and investments".

It is set to be held at the Gulf Hotel on May 20.

The conference has over the last eight years established itself as the world's most influential annual gathering of leaders in the global Islamic funds and investments industry.

It will set the stage for industry leaders to gather and showcase cutting edge innovations and address the key enablers that will boost growth in the international Islamic funds and investments industry.

The event will bring together leading players, industry thought leaders and key regulators in the international Islamic funds and investments industry for discussions that will seek to capitalise on the new opportunities and chart the future direction of the global Sharia-compliant funds and investments industry.

"The increasing interest in Islamic finance in major markets across the globe presents a unique opportunity of expanding the global footprint of the Islamic investments industry," said Central Bank of Bahrain (CBB) executive director of financial institutions supervision Abdul Rahman Al Baker, who will be a keynote speaker at the event.

"It is therefore important to ensure that the Islamic funds and investment industry has solid and strong foundations for future development and growth," he added.

"In addition to enhancing the innovations of new Islamic instruments and encouraging more spending in research and development, it is also essential that the Islamic financial institutions develop strategic alliances with other financial institutions globally, especially in the area of products structuring and offering.”

"Formation of such alliances will help to achieve economies of scale and improve the services across the Islamic funds and investment industry," Al Baker said. “It will also improve the services across the Islamic funds and investment industry."

"Whilst investors are now aware of the wide choice of Sharia investment products available in the market, they should now learn to appreciate the benefits that come along with Sharia investing," said CIMB-principal Islamic asset management executive director Datuk Noripah Kamso.

"There has also been articulation by investors that the asset classes made available to the investors are not as broad and deep as what is made available to them in the conventional investment space.”

"This concern could be the result of lack of visibility of the track record of these investment products by virtue that the various asset classes are structured using home-based currencies for their domestic sandbox," he concluded. – TradeArabia News Service




Tags: Bahrain | Islamic Funds | Manama | financial markets |

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