Senior executives from the global Islamic finance industry are to gather in Switzerland to debate challenges to the world's fastest-growing financial sector. The International Islamic Finance Forum, which opens in Geneva on July 22, comes as a direct result of the success of a similar forum in Dubai in March.
"In only 10 years or so, Islamic finance has grown from virtually nothing to a business worth well in excess of $200 billion. Islamic finance now has customers in 75 countries and in some of those countries has already captured more than 30 per cent of market share,” said conference director Chris Mullinger.
"With annual growth rates of around 15 per cent, it is far outstripping the conventional financial market and can no longer be ignored by the rest of the financial world," he added
Organized by the Institute for International Research offices in Dubai, in association with Dow Jones Indexes, the International Islamic Finance Forum series has quickly established itself as the leading business-to-business event in the industry. Debate will center on the challenges faced by a financial sector worth $200 billion that is predicted to maintain double-digit annual growth rates for the next 15 to 20 years.
Among the dozens of areas to be hotly debated at this highly topical forum will be the Western regulatory environment and how it affects Islamic finance, Multi-billion dollar Islamic project financing and structuring, Enforcing Islamic deals and dilemmas for Islamic private bankers and wealth managers. — (menareport.com)
© 2002 Mena Report (www.menareport.com )