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Islamic bankers meet today
DUBAI - An international conference on Islamic Finance convenes in Dubai today as Islamic bankers and regulators seek to leverage the Annual Meetings of the World Bank and IMF meetings to help delegates learn more about the industry.
The conference is an opportunity for Islamic finance to take advantage of the presence of international financiers to put across their message of prudent investing and risk aversion.
Organised by the General Council for Islamic Banks and Financial Institutions (GCIBFI), the Second International Islamic Finance Conference will raise awareness among conventional financiers about the potential of the industry and extent of its growth to date. The inaugural conference of the GCIBFI, which was founded in Bahrain in 2001, took place last year in Washington, D.C. "Islamic finance is about analysing the productivity potential of a business venture rather than the creditworthiness of the entrepreneur. In this way, it creates a level playing field for entrants," said Dr. Ezzedine Khoja, Secretary-General of the GCIBFI.
Keynote speakers include Dr. Mohammed Khalfan bin Kharbash, UAE Minister of State for Finance and Industry, Shaikh Ahmed bin Mohammed Al-Khalifa, the Governor of the Bahrain Monetary Authority, Dato Dr. Zeti Akhtar Aziz, Governor, Bank Negara, Malaysia, Christian Poortman, Vice-President for MENA Region, World Bank, Dr. Ahmed Mohammed Ali, President, of the Islamic Development Bank, Jeddah, Saudi Arabia, Michael Foot, Managing Director of the UK's Financial Services Authority and Abdoulaye Bio-chne, Director of Africa Dept., IMF, Ex-Minister of Finance, Benin.
Delegates to the conference, which will take place at the Crowne Plaza Hotel will also get to meet US Treasury Secretary John Snow, who is visiting the region.
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