Summit to discuss Islamic funds growth
Manama, February 19, 2013
The challenge of further growing Islamic assets, which stands only at 0.5 per cent against that of conventional assets, will be discussed at the 9th Annual World Islamic Funds & Financial Markets Conference (WIFFMC 2013), to be held on May 27 and 28 at the Gulf Hotel.
More than 400 leaders in the global Islamic investments industry will attend the event to chart new growth horizons and forge winning business models fully in tune with the new economic realities of the Sharia-compliant investments market, reported the Gulf Daily News, our sister publication.
Organised in strategic partnership with the Central Bank of Bahrain, WIFFMC has over the past nine years firmly established itself as the world's largest gathering of Islamic investment leaders.
Leading players are implementing practical strategies to capture new growth horizons and tap into the highly positive global fundamentals which promise significant potential for Islamic investments, the report stated.
WIFFMC 2013 has a completely new, updated and interactive agenda, which encourages debate and active audience participation to facilitate rich substantive discussions on the issues that really matter.
The broader Islamic capital markets are undergoing a significant resurgence as the sukuk market receives a boost from exciting new cross-border issuances that indicate that confidence and demand are fast returning to the record levels of 2007, further supported by increasing interest from an expanding array of major corporate issuers, it said.
In addition, recent advances in areas such as liquidity management, emergence of new international jurisdictions to the Islamic debt space, and innovations creating the next generation of Islamic financial products, will provide the framework for the industry to make the leap to a truly global level and further expand the footprint for Islamic funds and investments, it added.-TradeArabia News Service