The Middle East region has been at the forefront of the dramatic and exponential growth of the Islamic finance industry over the past few years. Though there has been significant growth, several challenges now need to be addressed in order to spur new growth onto the next level.
The Middle East Islamic Finance and Investment Conference (MEIFIC 2011), to be held in Dubai on the 12th and 13th of April 2011, will bring together international and regional industry leaders to build a new roadmap to fully realize the potential of the Islamic finance and investments industry in the region.
“MEIFIC, which is the latest addition to our portfolio of flagship industry events, is set to continue our tradition of supporting growth, excellence and innovation in the global Islamic finance industry first began by our launch of the World Islamic Banking Conference (WIBC) almost two decades ago,” said David McLean, Managing Director of MEGA Events, organizers of MEIFIC 2011.
“With its exceptional panel of leading industry CEOs and thought leaders, MEIFIC 2011 will be a high-profile platform to specifically focus on the opportunities and challenges that are forging the Islamic banking, finance and investment landscape in the region. Furthermore, MEIFIC 2011 is co-located with the 6th Annual World Takaful Conference to provide a unique platform that can comprehensively address the future direction of the Middle East Islamic finance industry as a whole.”
Held under the theme “successfully adapting to new market realities for Islamic finance in the Middle East”, the 1st Annual Middle East Islamic Finance and Investment Conference (MEIFIC 2011) is set to begin on the 12th of April 2011 at Dusit Thani with a special inaugural address by Hussain AlQemzi, Chief Executive Officer, Noor Islamic Bank and Group Chief Executive Officer, Noor Investment Group.
Dr. Saleh Malaikah, Chairman of Rusd Investment Bank will deliver a special keynote address.
“The continued growth of Islamic finance further strengthens its role as an increasingly important component of the global financial system in the post-crisis landscape. As a long-term industry player, Rusd Investment Bank is committed to upholding our position as a leading world-class Shari’ah compliant investment bank that delivers optimum results to our stakeholders,” said Dr Saleh Malaikah.
“We are excited about the new opportunities presented in the Middle East for Islamic finance and investment and we see this event as an ideal platform to tap into such exciting opportunities,” he added.
MEIFIC 2011 will also feature a high-powered opening keynote plenary session that will critically evaluate the new market realities for Islamic finance in the Middle East and chart new growth opportunities.
The session featuring Ahmed Khizer Khan, chief operating officer of the Islamic Corporation for the Development of the private sector (ICD), member of Islamic Development Bank Group (IDB); Richard Thomas, Chief Executive Officer of Gatehouse Bank; Geert Bossuyt, Chief Executive Officer of Dar Al Istithmar and Dr. Ali Al Amari, Senior Director, Supervision and Authorisation and AML at Qatar Financial Centre Regulatory Authority, will analyze the current state of and the future prospects for Islamic finance in the region. Evaluating the next wave of growth for Middle East players, the session will also critically examine how the leading industry players are re-tuning their businesses to succeed in the Middle East Islamic finance market.
“The Middle East Islamic finance industry continues to offer a range of healthy growth prospects. Being recognized as a leading Islamic investment boutique, providing next generation Shari’ah compliant solutions, Dar Al Istithmar is committed to bringing innovation to the Islamic finance industry,” said Geert Bossuyt, Chief Executive Officer of Dar Al Istithmar.
“We are delighted to join global experts at the MEIFIC and engage in thought-provoking conversations about the future of the regional Islamic finance industry”, he added.