Asia 2012 will gather more than 450 industry leaders for discussions on strengthening international connectivity and capturing cross-border opportunities in the Islamic finance industry.
Ahead of the event, Badlisyah Abdul Ghani, Executive Director / Chief Executive Officer, CIMB Islamic Bank Berhad, said, “Key markets in Asia and the Middle East are now witnessing rapid growth and expansion – and economies in rapid transition need responsive banking and capital markets. Islamic bankers must understand the evolving needs of its end-users build new capabilities and develop new products and services to support the needs of both mature and new markets. This requires strong integration and economic inter-linkages between the key markets for Islamic finance. Regulatory reforms, governance standards and tax structures need to keep pace with the rapid internationalization of Islamic finance thus enabling greater scope for large-scale cross-border transactions.
“The annual World Islamic Banking Conference: Asia Summit is one of those unique platforms which aim to foster greater connectivity between Asia and the Middle East thus providing an opportunity for key industry players in these high-growth markets to develop the capacity to structure large-scale multi-currency and cross-border Shari’ah-compliant transactions. We are once again delighted to be supporting this important event.”
The two day event is set to begin on the 5 June with an inaugural address by H.E. Ravi Menon, Governor of the Monetary Authority of Singapore. The inaugural address will be immediately followed by an opening keynote session featuring H.E. Dr. Ahmad Mohamed Ali Al-Madani, Development Bank; and H.E. Dr. Halim Alamsyah, Deputy Governor, Bank Indonesia.
H.E. Ravi Menon, Governor of the Monetary Authority of Singapore, said, “WIBC: Asia has become an important bridge connecting Asia and the Middle East to the growing participants of Islamic finance. Since its launch in 2010, the event has grown in both size and stature. It is a unique gathering for the industry to discuss trends, share experiences and explore opportunities to tap the full potential of Islamic finance.”