ID :
90331
Wed, 11/18/2009 - 13:31
Auther :
Shortlink :
https://oananews.org//node/90331
The shortlink copeid
WIBC TO LOOK FOR STRATEGIES TO FOCUS ON NEW ECONOMIC REALITIES
KUALA LUMPUR, Nov 18 (Bernama) -- As cautious optimism returns to the global economy and financial markets begin to move towards stabilisation and economic recovery, more than 1,200 industry decision-makers from over 50 countries including Malaysia, are preparing to meet in Bahrain at the 16th Annual World Islamic Banking Conference (WIBC 2009).
The conference from Dec 6-8, will focus on "New Strategies for New Economic
Realities".
The WIBC 2009 has set the stage for discussions that will shape the
post-crisis landscape as Islamic banks grapple with the need to manage risk,
seek new growth markets, deliver on market expectations as well as remain
competitive.
The theme of the WIBC 2009 reflects this fresh outlook that leading Islamic
financial institutions are currently adopting as they compete in an increasingly
challenging landscape.
In a statement issued here Wednesday ahead of the conference, Tirad Mahmoud,
the chief executive officer(CEO) of Abu Dhabi Islamic Bank, was bullish about
the long-terms prospects for the Islamic banking industry.
"It is heartening to experience the vibrancy and sustained growth that the
Islamic Banking industry has seen over the last few years.
"I am most impressed by the upbeat stance of the entire industry in the face
of the global economic situation in general and that of the banking sector in
particular.
"I am also happy that we are a strategic partner of the WIBC 2009 as it is
one of the few global platforms where leading industry players converge," he
said.
Tirad said this year's event is expected to be a resounding success and
will contribute to the industry's dynamism, rebrand Islamic banking as the
true universal banking model promoting mutual benefit as the basis of
growth and a financial eco balance of planning.
The inaugural plenary session of WIBC 2009 will feature a series of
prominent keynote addresses by among others, Rasheed M. Al Maraj, Governor of
the Central Bank of Bahrain and Heng Swee Keat, Governor of the Monetary
Authority of Singapore.
In addition, there is the launch of the 2009/2010 edition of the WIBC
Competitiveness Report.
It is a critical reference source for industry decision makers, providing
strategic insights from McKinsey & Company on key trends as well as the
challenges and opportunities in the Islamic banking industry.
A panel of industry experts will lead discussions on controversies in
Islamic finance with an emphasis on lessons learnt from the global financial
crisis.
Other areas of focus are ways in which the industry will evolve in terms of
product innovation, global connectivity and business models.
A unique feature on the second day of the conference is the keynote
address and quesion and answer session with Nassim Nicholas Taleb, the renowned
thinker and author of the international bestseller, The Black Swan: The Impact
of the Highly Improbable.
-- BERNAMA
The conference from Dec 6-8, will focus on "New Strategies for New Economic
Realities".
The WIBC 2009 has set the stage for discussions that will shape the
post-crisis landscape as Islamic banks grapple with the need to manage risk,
seek new growth markets, deliver on market expectations as well as remain
competitive.
The theme of the WIBC 2009 reflects this fresh outlook that leading Islamic
financial institutions are currently adopting as they compete in an increasingly
challenging landscape.
In a statement issued here Wednesday ahead of the conference, Tirad Mahmoud,
the chief executive officer(CEO) of Abu Dhabi Islamic Bank, was bullish about
the long-terms prospects for the Islamic banking industry.
"It is heartening to experience the vibrancy and sustained growth that the
Islamic Banking industry has seen over the last few years.
"I am most impressed by the upbeat stance of the entire industry in the face
of the global economic situation in general and that of the banking sector in
particular.
"I am also happy that we are a strategic partner of the WIBC 2009 as it is
one of the few global platforms where leading industry players converge," he
said.
Tirad said this year's event is expected to be a resounding success and
will contribute to the industry's dynamism, rebrand Islamic banking as the
true universal banking model promoting mutual benefit as the basis of
growth and a financial eco balance of planning.
The inaugural plenary session of WIBC 2009 will feature a series of
prominent keynote addresses by among others, Rasheed M. Al Maraj, Governor of
the Central Bank of Bahrain and Heng Swee Keat, Governor of the Monetary
Authority of Singapore.
In addition, there is the launch of the 2009/2010 edition of the WIBC
Competitiveness Report.
It is a critical reference source for industry decision makers, providing
strategic insights from McKinsey & Company on key trends as well as the
challenges and opportunities in the Islamic banking industry.
A panel of industry experts will lead discussions on controversies in
Islamic finance with an emphasis on lessons learnt from the global financial
crisis.
Other areas of focus are ways in which the industry will evolve in terms of
product innovation, global connectivity and business models.
A unique feature on the second day of the conference is the keynote
address and quesion and answer session with Nassim Nicholas Taleb, the renowned
thinker and author of the international bestseller, The Black Swan: The Impact
of the Highly Improbable.
-- BERNAMA
