Islamic Financial Intelligence Summit to focus on core issues in world of Islamic finance | Islamic Financial Intelligence Summit to focus on core issues in world of Islamic finance -
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Islamic Financial Intelligence Summit to focus on core issues in world of Islamic finance

United Arab Emirates: Wednesday, October 22 - 2008 @ 11:37

This market leading event, to be held on Thursday 6th November at London’s Victoria Park Plaza, will bring together key economic players and high-profile Islamic Finance specialists to lead discussion and debate on the core issues and latest research in the world of Islamic Finance.

The event will feature specialist presentations and analysis of the findings from
The Banker Top 500 Islamic Financial Institutions Report, which ranks the Top 500 Islamic Financial Institutions by Shariah compliant assets.

As the only ranking of its kind, this authoritative research establishes just how fast the Islamic Finance sector is growing and provides a verifiable benchmark for the industry, and demonstrates both the robust size and strong growth of Shariah compliant assets.

The 2008 report shows that the Shariah compliant assets of the Top 500 have grown by 27.6% since the report of November 2007 to reach $639.1bn, continuing the healthy expansion of Islamic institutions of recent years.

Highlights of the 2008 report include:
- Number of countries: 47
- Number of registered institutions: 614
- Number of institutions reporting assets: 372
- Number of institutions reporting Shariah assets: 280
- Percentage of industry reporting assets: 60.6%
- Percentage of industry reporting Sharia assets: 45.5%
- Percentage of reporting institutions reporting Sharia assets: 75.1%
- Number of Shariah institutions: 420
- Number of conventional institutions with Shariah windows: 194

Featuring keynote speeches from some of the leading lights in Islamic Finance, such as: Mukhtar Hussain, Global CEO of HSBC Amanah, CEO Global Banking and Markets (Middle East and Africa) MENA; Dr Nasser Saidi, Chief Economist, DIFC Authority; Dr. Mohamed Nedal Alchaar, Secretary General, AAOIFI and Badlisyah Abdul Ghani, CEO, CIMB Islamic, a packed programme of quality conference content will be augmented by ample networking opportunities at an exclusive Islamic Art Exhibition and Gala Dinner.

Looking ahead to the event, Stephen Timewell, The Banker’s Editor-in-Chief, commented:

“This is a must attend event for those wishing to pinpoint the latest trends and investment opportunities in this fast-evolving financial sector and hear first-hand from the researchers and contributors who compiled the authoritative Top 500 Islamic Financial Institutions Ranking and Research Report.”

Speaking about the value of the Top 500 Ranking and Research, Nabeel A Shoaib, Global Head of HSBC Amanah, commented:

“The listing has become a viable benchmark setting the standards for an industry that has rapidly evolved from a niche to a mainstream in the global financial landscape. We are excited to join hands again with FT Global Events and The Banker for this high-profile Islamic finance summit.”

The Islamic Financial Intelligence Summit is organised in association with HSBC Amanah and sponsors and partners include Dubai International Finance Centre (strategic partner), Oracle i-flex solutions (technology partner), FTfm (media partner), FT mandate, Professional Wealth Management and Foreign Direct Investment (official publications).

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Wednesday, October 22- 2008 @ 11:37 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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