Bahrain to host World Islamic Banking Conference 2014

Over 1,300 Islamic Finance leaders and 90 industry and thought leaders from the banking and finance sector will attend the 21st Annual World Islamic Banking Conference (WIBC 2014) from December 1 to 3.
The three-day event is expected to discuss "Islamic Finance: Towards the New Paradigm Shift in Global Financial Markets."
Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain, Iain Lindsay OBE, British Ambassador to Bahrain, Dr Halim Alamsyah, Deputy Governor, Bank Indonesia, Nurlan Kussainov, Deputy Governor, National Bank of Kazakhstan, Baroness Sayeeda Warsi, House of Lords, Professor Datuk Rifaat Ahmed Abdel Karim, Chief Executive Officer, International Islamic Liquidity Management Corporation (IILM), Ashar Nazim, Partner, Head of Global Islamic Banking Centre, EY, Basel Al-Haj-Issa, Chief Executive Officer, Ibdar Bank, Badlisyah Abdul Ghani, Executive Director and Chief Executive Officer, CIMB Islamic, Hisham Al Rayes, Chief Executive Officer, Gulf Finance House, Afaq Khan, Chief Executive Officer, Standard Chartered, Toby O’Connor, Chief Executive Officer, The Islamic Bank of Asia and Khalid Hamad Abdul-Rahman Hamad, Executive Director - Banking Supervision, Central Bank of Bahrain will speak at the event.
The pre-conference seminar, organized by International Islamic Financial Market (IIFM), will be held at the Awal Ballroom on December 1. The keynote speaker at this session will be Dr. Halim Alamsyah, Deputy Governor, Bank Indonesia.
The other keynote addresses will focus on strength, stability and enhancing international linkages between Islamic finance jurisdiction; global expansion and industry transformation and Islamic finance – supporting the real economy.
The CEOs and Industry Leaders debate will focus on how leaders in Islamic finance adapt to the new global paradigm. The key points here will revolve around the new value proposition for Islamic banking, capturing the opportunity emerging from the drive towards ethical finance, east-east capitalizing on shifting trajectory and investment flow, addressing the need for international standardization to propel the industry forward. Removing inconsistencies in the Shariah complaint approval processes will also feature in this debate.
The British Ambassador will lead the debate on developments and innovations in the Islamic Finance in the UK.
The session on expanding the global reach and depth of Islamic finance will debate on Islamic finance, moving beyond the current markets, cross border opportunities emerging from new economic interlink ages between OIC countries, setting international standards for Islamic finance, innovation and expanding the range of Islamic finance products to appeal to a wider client base.