Barwa to sponsor the First Islamic Finance Conference

Barwa to sponsor the First Islamic Finance Conference
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Published October 20th, 2010 - 16:05 GMT

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Doha
,
Waseef
,
Al Aqaria
,
Barwa Real Estate
,
Barwa Bank

Barwa, one of Qatar's world leading real estate and investment companies, is the Platinum sponsor of the First Islamic Finance Conference, being held from 20-21 October at the Sharq Village and Spa in Doha. The conference aims to discuss the opportunities available to the Islamic finance industry and the challenges that it faces on a global level.

Mr Mohammed Abdulaziz Al Saad, Executive Director of Group Investments of Barwa, and Vice Chairman of Barwa Bank, spoke at the opening session of the conference. In his speech he said "Barwa's focus in the recent past has shifted from real estate towards investment. To a rapidly developing group like Barwa, management of risk is crucial. The use of Islamic finance because of its nature and structure allows us to do that more effectively. Barwa is a Shari'ah compliant company, and what sets it apart from its competitors is its adherence to Shari'ah compliant business practices through its diverse subsidiaries such as Barwa Bank, Al Aqaria, Waseef and Barwa Real Estate."

He added: "Barwa is active as a consumer of finance for our real estate development projects, and as an investor. In both instances we seek out the most effective and appropriate structures to meet our requirements. This is becoming easier and more cost effective as the range of Islamic financial services, instruments and structures grows. The fact that under Islamic finance risk is more closely related to a project, and thus it allows better disclosure of risk, also supports the ratings we are able to get for the finance we seek. "

Barwa Bank is also supporting the First Islamic Finance Conference as a Gold Sponsor. Barwa Bank, a fully owned subsidiary of Barwa Real Estate, provides a full range of Islamic banking services including real estate, corporate and private banking, real estate finance, structured finance, investments and asset management. 

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