Revitalising growth: Islamic Project Finance to energise infrastructure development
- United Arab Emirates: Tuesday, November 03 - 2009 at 15:33
- PRESS RELEASE
Against the backdrop of a continuing shortage of conventional credit, the 4th Annual World Islamic Infrastructure Finance Conference (WIIFC 2009) set the stage in Doha for senior decision-makers representing major infrastructure sectors to engage leading government agencies, bankers, investors and financiers in discussions that explored new opportunities for revitalising growth.
Sheikh Ali Mohieddin Al-Qurrah Daghi, leading Shari'ah scholar, emphasised the growing role of Sukuk in project finance. In addition, R. Seetharaman, Chief Executive Officer of Doha Bank, pinpointed some key opportunities and challenges in Islamic finance.
During the many interactive sessions, the conference delegates agreed that the 4th Annual WIIFC 2009 was even more critical this year as the industry is currently seeking insights into new directions and trends in the aftermath of the global economic crisis. There was a cautious sense of optimism that the global recessionary environment was now beginning to stabilize and the conference speakers made a resounding call to the industry players to confront these challenges as well as to take advantage of the new landscape of opportunities currently emerging.
Entrepreneurship in the Islamic world, the application of Islamic Finance to PPP, and re-assessing the role and significance of risk management were also discussed at length during WIIFC 2009.
The conference was also structured to allow unrivalled networking opportunities as well as informal discussions and debates for more than 200 regional and global industry leaders who attended the event.
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