Al Baker inaugurates the exhibition
Islamic funds ‘playing major role in sector’
MANAMA, 3 hours, 47 minutes
ago
More than 200 industry leaders and key decision-makers representing over 115 international and regional organisations have gathered in Bahrain to discuss prospects in the Islamic investments industry.
Convened under the patronage of the Central Bank of Bahrain (CBB), the 11th annual edition of the World Islamic Funds and Financial Markets Conference (WIFFMC) got underway at the Gulf Convention Centre with a keynote address by CBB executive director of financial institutions supervision Abdul Rahman Al Baker, said a report in the Gulf Daily News (GDN), our sister publication.
Emphasising the need to build an enabling environment for the Islamic investments industry, Al Baker said the sharing of insights on innovations would help in leveraging opportunities.
“As with the broader Islamic finance industry, Islamic funds have grown to become an increasingly substantial segment within the global financial markets and has gained significant interest as a viable and efficient alternative model of financial investment,” he said.
His remarks echoed the sentiment shared by other market leaders that the growing awareness and increasing demand for investing as per Sharia principles on a global scale have catalysed industry growth.
The two-day event features a line-up of more than 25 industry leaders discussing in detail the current condition of the regional funds and investments industry, as well as growth opportunities.
The speakers include Emirates REIT executive deputy chairman Sylvain Vieujot, Sedco Capital managing director Kamran Butt, International Islamic Financial Market (IIFM) chief executive Ijlal Ahmed Alvi and Thomson Reuters head of Islamic capital markets Dr Sayd Farook, among others.
The WIFFMC exhibition, being held along the sidelines of the conference, was inaugurated by Mr Al Baker.
It is showcasing the latest products, services and innovations from exhibitors representing leading industry organisations.
Day two of WIFFMC 2015 will feature high-profile sessions that include the launch of the ‘2015 Thomson Reuters Global Islamic Asset Management Outlook Report’, as well as panels on IIFM standardisation, repositioning the Islamic capital markets industry and Sharia perspectives. – TradeArabia News Service