islamic finance set to reach us5 tln by 2016
Last Updated : GMT 13:03:42
Arab Today, arab today
Arab Today, arab today

Islamic finance set to reach US$5 Tln by 2016

Arab Today, arab today

Arab Today, arab today Islamic finance set to reach US$5 Tln by 2016

Abu Dhabi - BNA

The global Islamic finance and banking sector is pegged at US$1 trillion with an estimated growth rate that is four times higher than conventional financial services, according to organisers of the upcoming International Islamic Finance Conference 2012. In a news announcement the event management team at Emerald Insight suggested that the demand for the Sharia’a-managed industry is largely marketing driven with a noticeably high number of institutions entering the arena introducing new products to market. They noted that the sector is undergoing a dramatic change with its one-time easily identifiable early entrants of the 70’s increasingly joined by new dedicated players, alongside Sharia’a-specific, specially-branded product offerings from the general banking sector. A spokesperson for Emerald Insight, part of Emerald Publishing Group noted that recent estimates predict a year-on-year growth rate of 25 per cent, which would see the global industry valued at $5 trillion in 2016. They said that this indicates a need for an increased understanding of both the sector and the robust strategies needed to support such growth where the increased competition is in danger of blurring of lines between products and services. One of the region’s leading economists, Dr Henry Azzam is slated to open the conference at the Park Hyatt Hotel in Abu Dhabi in October this year. Dr Azzam, a financial services expert with more than thirty years regional experience, is currently adviser to Deutsche Bank AG and Chairman of the Board at NASDAQ Dubai. He will be joined by banking and investment specialists to consider the opportunities and challenges that face the sector, including its regulatory and supervisory set-up. He will kick-start the three-day event which will also make a special review of the impact of the recent political and socio-economic developments within the region and their likely impact on the global Islamic financial sector, including mutual funds, securities and derivatives, as well as regular banking services. Other speakers include Professor Fouad Beseiso, former Central Bank Governor and first Governor of the Palestinian Monetry Authority and Dr M. Kabir Hassan, Associate Professor and Associate Chair of the Faculty of Finance, University of New Orleans. The International Islamic Finance Conference 2012 will be held on October 14-16 2012 at the Park Hyatt Hotel in Abu Dhabi. The event is organised by Emerald Insight founded in the UK in 1967 as an offshoot of the University of Bradford. Emerald Group Publishing is the world’s leading publisher of online and printed journals covering business and management topics. This specialisation ensures Emerald events attract an audience of high profile industry practitioners and academics who are well placed to address the challenges facing the sector.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

islamic finance set to reach us5 tln by 2016 islamic finance set to reach us5 tln by 2016

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

islamic finance set to reach us5 tln by 2016 islamic finance set to reach us5 tln by 2016

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday