"(World) Islamic Retail Banking conference is expected to be one of the most important events in the Islamic financial services industry this year. In the wake of the recent slow down in banking and some encouraging signs of recovery, Islamic banking experts and practitioners will discuss challenges facing Islamic banks that need to sustain their comparative advantage in the respective markets of their operations. I must congratulate the organisers to plan such a high quality event," says Dr Humayon Dar, Chief Executive Officer of BMB Islamic UK Ltd.
Given the almost-complete immunity from the global economic crisis and the sustained growth being shown by Islamic Banks, the Retail Banking arm of these institutions is starting to attract more attention from conventional bankers and economists as a source of sustainable yet ethical financing on a consumer level, and this is not being ignored by consumers.
Apart from the core issues being discussed which include Global Trends in Islamic Banking, Capitalizing on Opportunities due to the Meltdown, International Expansion, Islamic Mortgages and Retail Asset Management, the most critical session of the event will be the International Open Fatwa Session in Islamic Retail Banking which will feature the leading Shariah Scholars from around the world on one stage debating on interpretations for major products.
"Islamic Banking is currently growing rapidly, however to make this growth sustainable and to take Islamic Banking to the next level all the stakeholders must put their intellect together and collectively strive to achieve the next level in Islamic Banking. World Islamic Retail Banking Conference, 12-14 Oct, Dubai, is an excellent platform for coming together of the Islamic banking intellectuals and other stakeholders for supporting our common interest and cause" says Pervez Said, Director Islamic Banking, State Bank of Pakistan, who will be among the key presenters at the Conference.
The Group CEO of Noor Investment Group LLC, CEOs of Doha Bank Group, BMB Islamic UK Ltd, Deputy CEO of HSBC Amanah and other leaders will be presenting their views on what the points of pain are for the industry and how Islamic Retail Banking is indeed the future - or maybe the successful present - of world consumer banking.
"The failure of major financial institutions and the current global recession has led some experts to look for alternative ways of doing banking. Islamic Finance has a key role to play in restoring confidence in the markets."
said Nik Norishky Thani, Executive Director, Islamic Finance, DIFC | Dubai International Financial Centre.