The second International Islamic Financial Market Conference will be held in Bahrain from June 18 to 19.

The event, entitled “Developing the Global Islamic Financial Markets” is being organised by International Islamic Financial Market (IIFM) at the Diplomat Radisson SAS Hotel.

The event is supported by the Central Bank of Bahrain and Bahrain Financial Services Development.

Re-launched in the fouth quarter of 2006, IIFM is making clear progress in the advancement of a number of industry-building initiatives, a IIFM official said.

This will ensure the establishment of vibrant, transparent and robust international Islamic financial markets, he observed.

The conference will have sessions on Islamic Hedging, Islamic REITS, Islamic Unit Trust, Islamic Liquidity Management and Inter-bank Market; Islamic Primary and Secondary market issues development projects.

The conference, to be attended by over 300 industry experts, has already received the backing from a number of prominent international institutions.

Sponsors for the event include the Islamic Research and Training Institute, European Islamic Investment Bank, Calyon Corporate and Investment Bank, Kuwait Finance House, Bank Islam Malaysia Berhad, CIMB Islamic Bank and INCEIF.

“The support from international institutions and participation from around the world is a clear testimony of the relevance of the conference and the interest of market practitioners in the sound development of Islamic capital and money markets,” said IIFM CEO Ijlal Alvi.

“We, at the IIFM, are gratified by this support and interest, which will encourage us to persevere in our industry building initiatives. We acknowledge the support of participants from around the globe. We are confident that the conference will add value to the participants and the industry, he noted.

The IIFM will issue a post-conference report highlighting the main messages coming out from the discussions as well as the actions to be carried forward by the IIFM and other development institutions.

Conference discussions will be led by a number of experts, with keynote speeches delivered by the Governor of the Central Bank of Bahrain Rasheed Al Maraj and other senior representatives from the global Islamic financial services industry.

On popular demand, the specialised high-deliberation session, led by René Karsenti, ICMA executive president and Alvi, is now open to all Day 1 attendees.

This session aims to inform the attendees about the Islamic Primary and Secondary markets and infrastructure development with a particular focus on ICMA/IIFM probable projects. TradeArabia News Service