Leading Regulators to Discuss Strengthening Industry Foundations at the 17th Annual World Islamic Banking Conference

Published November 10th, 2010 - 03:10 GMT

The 17th Annual World Islamic Banking Conference (WIBC 2010) will feature substantial discussions by key regulators in the Islamic banking and finance industry during the keynote plenary sessions at this year's conference.

Convened under the patronage of HRH Prince Khalifa Bin Salman Al Khalifa, the Prime Minister of the Kingdom of Bahrain and held under the support of the Central Bank of Bahrain, WIBC 2010 will be held from the 22nd to the 24th of November 2010 at the Gulf Hotel in the Kingdom of Bahrain.

Held under the theme 'building a new growth paradigm – Islamic banking and the new global financial landscape', WIBC 2010 calls for new growth strategies that leading institutions will have to adopt in order to continue to succeed in the new global financial landscape.

The inaugural keynote session on the 23rd of November will feature H.E. Rasheed M. Al Maraj, Governor of the Central Bank of Bahrain; H.E. Abdul Qadeer Fitrat, Governor, Central Bank of Afghanistan; and H.E. Khaled Mohammed Al-Aboodi, Chief Executive Officer & General Manager of The Islamic Corporation for the Development of the Private Sector, the private sector arm of the Islamic Development Bank Group (IDB), Saudi Arabia, providing insights on new international regulatory developments that will strengthen industry foundations and create a more rigorous and robust architecture.

Speaking ahead of the conference, Khalid Hamad Abdul-Rahman Hamad, Executive Director – Banking Supervision at the Central Bank of Bahrain said that: "While Islamic finance continues to be one of the fastest growing segments in the global financial system and has become increasingly important in international markets, work has still to be done in order to ensure that this considerable success to date is sustained."

Mr. Hamad will lead the opening plenary session on the 24th of November which will discuss what needs to be strengthened in the current regulatory architecture in order to ensure long term stability and growth in the industry.

Ng Nam Sin, Assistant Governor (Development), Monetary Authority of Singapore, will be delivering an opening keynote address on catalyzing growth of Islamic finance in Asian markets on the second day of the conference.

More than 1,200 industry leaders from over 50 countries are set to gather at WIBC 2010. This year's event will also feature more than 60 leading industry partners and exhibitors showcasing their latest innovations at the World Islamic Banking Exhibition organised along the sidelines of the conference. 

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