Under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, The Prime Minister of the Kingdom of Bahrain, the 24th edition of The World Islamic Banking Conference (WIBC), the largest and most prestigious gathering of Islamic banking and finance leaders in the world, will serve as a platform for the exclusive launch of two reports by one of the world’s largest multinational mass media and information firms. Thomson Reuters will launch The ICD-Thomson Reuters Islamic Finance Development Report 2017 & The Islamic Commercial Law Report 2018, with the view of arming Industry leaders with pragmatic insights to help shape their organization’s strategic planning activities.
Convened by Middle East Global Advisors – a leading financial intelligence platform facilitating the development of knowledge-based economies in the MENASEA markets and in strategic partnership with the Central Bank of Bahrain, the three-day long forum will take place on December 4th, 5th & 6th at the ART Rotana Hotel in Amwaj Islands in the Kingdom of Bahrain and will spearhead a series of discussions around the theme of “Drivers of Economic Growth & Risks: Policymakers & Regulators”. This year’s edition will be inaugurated by His Excellency Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain.
Ahead of the launch of The ICD-Thomson Reuters Islamic Finance Development Report 2017, Nadim Najjar, Managing Director of Thomson Reuters in the Middle East and North Africa, said: “We have seen that the Islamic finance industry can serve as a strategic tool for policymakers for sustainable growth in order to cope with the aftermath of the economic slowdown that impacted markets such as the Middle East. Some markets had noteworthy improvements in their IFDI values when they have improved or introduced Islamic finance to fit their economic needs and attract investments like Morocco, Tunisia and Iraq.”
The ICD-Thomson Reuters Islamic Finance Development Report 2017 discusses the latest trends and key Islamic finance milestones. The report is based on the Islamic Finance Development Indicator which is a unified barometer that assesses the performance of all the parts of the Islamic finance industry, providing an in-depth industry analysis.
Meanwhile, The Islamic Commercial Law Report 2018 will for the third consecutive year, be launched by The International Shariʻah Research Academy for Islamic Finance (ISRA) and Thomson Reuters, in partnership with Islamic Research and Training Institute (IRTI). The report is a leading annual publication assessing the key issues and trends in Islamic commercial law and their impact on the Islamic finance industry. This year’s report focuses on global trends in Islamic social finance, enabling industry leaders to take stock of key trends, analyze forecasts and projections, and explore factors that are critical to their organization’s long-term growth.
While the Islamic Finance industry has shown great promise over the years, it is still far from channeling its full potential. At times like these, strategic insights in the form of intelligence reports will prove to be a welcome source of information for Industry practitioners across the globe. Since its inception 24 years ago, The World Islamic Banking Conference has been a significant contributor to enhancing growth, excellence and innovation in the global Islamic Finance and Banking industry. Time and again, the conference has proven to be an ideal launching pad for research and intelligence reports that provide strategic insights to the most pressing issues targeting the industry at large.