Singapore & UAE to Share Islamic Finance Lessons at World Banking & Finance Confence: Asia Summit

April 29, 2010 - PRLog -- Singapore: More than 300 senior decision-makers from the international Islamic finance markets will be gathering in full force for the inaugural World Islamic Banking Conference: Asia Summit (WIBC Asia 2010), which will be held in Singapore on the 14th and 15th of June 2010. Hosted in Strategic Partnership with the Monetary Authority of Singapore (MAS) under the theme of Seeking New Growth Horizons, WIBC Asia 2010 will provide a high-profile platform for global industry leaders to assess the future outlook for Islamic finance in key Asian markets – and for lessons to be shared across high-growth international financial centres from Asia to the Middle East and beyond.

H.E. Lim Hng Kiang, the Minister for Trade & Industry Singapore and the Deputy Chairman of the Monetary Authority of Singapore, will be inaugurating this major international gathering on the 14th June 2010 while H.E. Rasheed M. Al Maraj, the Governor of the Central Bank of Bahrain, and H.E. Sultan Bin Nasser Al Suwaidi, the Governor of the Central Bank of the UAE, will lead the opening keynote plenary session focusing on the next phase of growth for Islamic banking & finance: a new paradigm for Asia & the Middle East.

Speaking recently at the 16th Annual WIBC in Bahrain last December, H.E. Heng Swee Keat, the Governor of the Monetary Authority of Singapore, said he was pleased that MEGA has decided to bring WIBC Asia to Singapore. He noted that:

"Bringing leaders in finance and business together to understand the developments in each region provides a valuable platform for collaboration. I am therefore pleased that MEGA Events has decided to bring the first Annual WIBC Asia Summit to Singapore. Islamic finance will provide an increasingly important bridge in the growing connectivity between the Middle East and Asia. Singapore is pleased to help catalyse deeper relations between these two high-growth regions. WIBC Asia will provide a unique platform for the industry to share experiences from established centres of Islamic finance.”

WIBC Asia 2010 will complement the objectives of the 17th Annual World Islamic Banking Conference (WIBC), the world’s largest and most influential gathering of Islamic finance leaders with more than 1,200 senior executive decision makers representing over 50 countries attending WIBC each year in Bahrain. WIBC Asia 2010 will provide a powerful platform for industry leaders seeking to build their presence in the dynamically evolving Asian markets for Islamic finance. Building on WIBC's 17 years of tracking the developments and scoping the trends in the global Islamic banking and finance industry, WIBC Asia 2010 will feature insightful debates on the substantial issues facing the industry as recession gives way to recovery and new international growth markets open up.

Key issues that will be addressed at WIBC Asia 2010 include: Assessing the business drivers for Islamic finance globally; Asset management - tapping into opportunities in Asian markets for Islamic funds and investments; Highlighting opportunities for Islamic finance in key international markets – China, Japan, Malaysia, Indonesia, Brunei, Singapore and Turkey; Towards consistent Shari’ah interpretations in the context of Asian financial markets; Product innovation; and Building investment bridges between Asia and the Middle East.

Speaking ahead of the conference Ilyas Malik, Managing Director of Saudi Arabia’s Falcom Financial Services, said: “Having made history by being one of the first providers of an Exchange Traded Fund in the region as well as the first Shari’ah compliant ETF, FALCOM opened the gateway for international investors to invest in the most robust and the largest economy of the GCC. FALCOM is delighted to be the ETF partner of the World Islamic Banking Conference: Asia Summit. We are sure with its line-up of speakers, the agenda and partners this event will set the standards and be a benchmark for the Islamic finance industry in the Asia region.”

As at today’s date, 27 leading international institutions have already confirmed their support and sponsorship of this major international event with the Islamic Bank of Asia, CIMB Islamic, NCB Capital, Maybank Islamic, and Bahrain Islamic Bank already announcing their participation as platinum strategic partners.

WIBC Asia 2010 is expected to gather more than 300 senior decision-makers in the global Islamic finance markets and will be held in Singapore on the 14 and 15 of June 2010.
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MEGA is the market leading business information firm focused on achieving business results for the global Islamic banking & finance industry since 1993. The portfolio of MEGA brands represents the landmark industry conferences and our clients are the leading players in the international financial markets.

Naomi Njoroge
Marketing & Media Manager
MEGA
Tel: +9714 3431200
Email: naomi@megaevents.net

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MEGA BRANDS. MEGA CLIENTS. MARKET LEADERS.
MEGA is the market leading business information firm focused on achieving business results for the global Islamic banking & finance industry since 1993.