Al Salam Bank-Bahrain sponsor major Islamic finance summit

A renowned Bahraini banking personality has affirmed that the Shari'a-compliant financial institutions have been able with competence to compete conventional world-wide institutions, and pointed out that those Islamic institutions will have a pioneering role in the next few years in revitalizing world Islamic finance due to their effective methods in attracting investments and capitals and outmatch their conventional peers.

Yousif Taqi, Al Salam Bank-Bahrain Chief Executive Officer, attributed his conviction to the innovative tools which the Islamic financial sector was able to introduce to the market and which have proved their great potentials in matching all conventional financial transactions.

The Islamic finance has become a preferred option to Muslim and no-Muslim clients, Taqi said.

Marking the Bank's golden sponsorship of Euromoney Seminars' 7th Annual Islamic Finance Summit and Islamic Finance Awards to be held in London on 5 and 6 February 2008, Mr. Taqi pointed out that Islamic dealings which are distinct by their transparency boost the investor's trust in the capabilities of the Islamic financial institutions and their abilities in creating innovative solutions that cope with today's financing needs.

Euromoney Seminars' Islamic Finance Summit is the world's premier Islamic Finance event, playing host to the industry's most senior and distinguished representatives, and providing an incomparable platform on which to debate the most pressing Islamic finance issues and network with Shari'a scholars, government ministers and chief regulators.