Spotlight on Islamic Retail Banking – strategies for fast growing industry
Islamic Banking is young but fast growing industry what brings challenges as need for standardization, expanding at the market, lack of public awareness about Islamic Banking (misinterpretation) and limited resources of qualified people in this particular industry.
Over 200 Global C-level Islamic bankers will meet at strategic business gathering - 3rd Annual World Islamic Retail Banking Conference in Dubai (18-20 October 2011), event supported by Malaysia International Islamic Finance Center - MIFC to exchanges business strategies and share valuable case studies on overcoming the major industry challenges.
The most recognized experts from Islamic Development Bank (Saudi Arabia), Al Baraka Banking Group (Bahrain), Standard Chartered (Singapore), BMI Bank (Bahrain), Ajman Bank (U.A.E), The Federal Financial Supervisory Authority (BaFin) Germany, Bahrain Islamic Bank BSC (Bahrain), HSBC Amanah, Abu Dhabi Commercial Bank (UAE) will present their expertise and open discussions on:
- What needs to be done to attract more Muslims and non-Muslim to Islamic Retail Banking products
- What is the competitive edge of the Islamic industry compared to conventional
- How to make a distinction between what is needed for Sharia compliance and what is needed to make a transaction commercially sound and viable
- How manage asset portfolio to ensure that a bank is not overexposed to just one sector e.g. property
- How to effectively differentiate the nature of the depositor and profit payout to the depositor
- Best Practices of Auditing Islamic Retail Products align with Shariah
- Best strategies to ensure sustainable building of brand loyalty and product competitiveness
Attending this conference Islamic Retail Bankers will gain deep insights into the Current Challenges facing this Industry. WIRBC is attended by the most prominent decision makers of the industry including CEO's of the leading Islamic Institutions who participate in annual CEO panel discussions and Shariah Scholars in the Annual Open Fatwa Session. WIRBC is an excellent networking platform for the Global Islamic Retail Bankers.
3rd Annual World Islamic Retail Banking Conference is sponsored by Bahrain Islamic Bank, ITS Group, Huron Consulting Group, Utiba, VeriPark and Path Solution.
Source: Fleming GulfDate: 07.10.2011 [308]
| |  Rating agency Moody's downgrades 16 Spanish banks - 18.05.2012
Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest sign of distress in Europe. Among those downgraded were giants Banco Santander and BBVA, the country's two largest banks.
Source: CNNMoney |
| | Middle East's Leading Banking Technology & Innovation Summit to be held in Dubai - 07.05.2012
Following on from the success of the 2011 Middle East Banking Technology & Innovation Summit, Expotrade announces that this year’s event will once again take place in Dubai on the 1-2 October 2012. This year’s conference will focus on strengthening the Middle Eastern banking and financial industry’s position within the global market.
Source: Expotrade |
| | More than 2.5 billion people around the world don’t have a bank account - 23.04.2012
Three quarters of the world’s poor don’t have a bank account, not only because of poverty, but the cost, travel distance and amount of paper work involved in opening an account, according to new data released by the World Bank.
Source: World Bank |
| | No breakthrough in Swiss-US tax dispute despite talks - 22.04.2012
Talks between senior U.S. and Swiss officials about a dispute over unpaid taxes on accounts held in Swiss banks led to no breakthroughs, Swiss President Eveline Widmer-Schlumpf said on Saturday.
Source: Reuters |
| | World's best emerging market banks in Central and Eastern Europe (CEE) - 26.03.2012
The following are the «World's best emerging market banks 2012 in Central & Eastern Europe» according to rankings published by Global Finance magazine:
Source: Global Finance |
| | Western Union to launch innovative payments platform WU Pay - 22.03.2012
The Western Union Company, a leader in global payment services, today announced that it will launch WU Pay, a new and innovative electronic payments platform that will significantly improve the customer experience and safety for millions of people seeking to make online payments or transfer money.
Source: Western Union |
| | U.S. Banks Complete Stress Tests - 14.03.2012
The majority of the largest banks will continue to have enough capital to satisfy regulators, even if they suffer a financial shock that includes unemployment hitting 13 percent and a 21 percent drop in housing prices, the Federal Reserve said on Tuesday.
Source: Reuters |
