Financial crisis and way forward for Islamic finance: Launch of 2009/2010 WIBC Competitiveness Report
- Bahrain: Monday, November 30 - 2009 at 12:51
- PRESS RELEASE
As cautious optimism returns to the global economy and financial markets begin to move towards stabilisation and economic recovery, The WIBC Competitiveness Report 2009/10, produced in collaboration with McKinsey and Company, will be officially launched on the 7th of December 2009 at the 16th Annual World Islamic Banking Conference (WIBC 2009).
The analysis provided in this year's Report will be even more critical as it comes at a juncture when the industry is tackling the challenges of a new business landscape emerging from the aftermath of the recent turbulence in the international financial markets.
The eagerly anticipated report will reflect detailed research focused on raising the bar of financial performance and strategic excellence in the industry as well as point towards key directions emerging in the post-crisis landscape. In addition to this overview of the sector, the Report will look forward at critical issues that Islamic banking players will need to address to continue growing in the immediate future.
The Report also addresses liquidity management issue in the GCC market and pinpoints approaches that the banks will have to develop if they are to manage their liquidity needs effectively going forward. The long term challenges and opportunities for Shari'ah-compliant assets in the North Africa's Islamic Banking Landscape are explored in the Report as well Islamic Investment Management; the critical success factors for Islamic wealth managers.
More than 1,200 delegates from over 50 countries will attend the world's largest gathering of Islamic finance leaders on the 6th, 7th and 8th of December 2009 in Bahrain.
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