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WIBC Competitiveness Report to be Launched

DUBAI — 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 & Company, will be officially launched on December 7 at the 16th Annual World Islamic Banking Conference.

Now in its 6^th annual edition, the 2009/10 Report will provide new insights on how the leading Islamic financial institutions are adapting as they grapple with the need to manage risk, seek new growth markets, deliver on market expectations as well as remain competitive. The analysis provided in thisyear’sreport willbeeven 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.