Post Event Report
18th Annual
21, 22 & 23 November 2011, The Gulf Hotel, Kingdom of Bahrain
WIBC is a MEGA Brand. MEGA Brands. MEGA Clients. Market Leaders. Shaping the Future of the Global Islamic Finance Industry Since 1993Contact us: t:+971 4 343 1200 | f:+971 4 343 6003 | P.O. Box 72045, Dubai | www.megaevents.net
WIBC: For 18 Years the World’s Largest Annual Gathering of Islamic Finance Leaders
1200 International Industry Leaders. 60 Partners. 50+ Countries. A Unique Global Gathering: WIBC 2011
Supported by
Post Event ReportPost Event ReportPost Event Report
18th Annual
WIBC 2011: Competing for Global Growth2
A MEGA Brand: Shaping the Future of the Global Islamic Finance Industry Since 1993P.O. Box 72045, Dubai, UAE | t. +9714 343 1200 | f+971 4 343 6003 MEGA Brands. MEGA Clients. Market Leaders. www.megaevents.net
18th Annual
Dear Banking & Finance Leader,
On behalf of MEGA, it is my pleasure to present to you the post event report of the 18th Annual World Islamic Banking Conference (WIBC 2011).
Convened under the patronage of HRH Prince Khalifa Bin Salman Al Khalifa, the Prime Minister of the Kingdom of Bahrain, WIBC has once again confirmed its position as the world’s largest and the most influential annual gathering of Islamic finance leaders.
Islamic Finance: Competing for Global GrowthHeld under the theme “Competing for Global Growth”, WIBC 2011 broke all previous attendance records as 1,312 industry leaders from over 50 countries gathered in Bahrain from the 22nd - 24th of November 2011. The success of WIBC 2011 further confirmed the strength of this high-profile event in helping to shape the future of the global Islamic banking and finance industry.
The industry leaders gathered at WIBC 2011 were of the opinion that the global financial crisis has given the Islamic financial industry a great opportunity. The obvious flaws in conventional finance have created great international interest in the Islamic financial model. This should provide the basis for the industry to sustain a period of strong growth for the rest of this decade. The growth opportunities are especially strong as Islamic finance has its largest presence in rapidly growing economies that have been least affected by the financial crisis. With the major markets for Islamic finance expected to continue registering high rates of growth, key players in the industry must position themselves to capitalize on the new growth opportunities presented by the increasing internationalization of Islamic banking and finance.
We would like to take this opportunity to thank the Central Bank of Bahrain for their long-term support and their role in making WIBC an unparalleled international gathering of key regulators and thought leaders from the global Islamic finance industry. We would also like to take this opportunity to thank our Jurisdiction Partner the Economic Development Board of Bahrain; and our Platinum Strategic Partners: the National Commercial Bank (NCB), NCB Capital, Ithmaar Bank, Bahrain Islamic Bank, and Abu Dhabi Islamic Bank (ADIB).
We would also like to extend our sincere gratitude to Ernst & Young for their key role in the development of the World Islamic Banking Competitiveness Report 2011/12 which was exclusively launched at WIBC 2011. Titled ‘A Brave New World of Sustainable Growth’, the 2011/12 Report analyzed the key strategies that leading Islamic financial institutions must deploy in order to ensure continued growth in a challenging economic environment.
The 18th annual edition of the World Islamic Banking Conference saw a number of innovations in terms of the content and format of the event which went beyond the ‘conference basics’ not only providing meaningful new insights but also tackling the big picture industry-changing scenarios. The launch of the Islamic Interbank Benchmark Rate (IIBR) at WIBC 2011 marked an important milestone in the global Islamic finance industry by providing an international reference rate for interbank transactions. The participation of official delegations from the United Kingdom, France, Singapore, Bermuda, Luxembourg and Labuan at WIBC 2011 and the country specific roundtable sessions held along the sidelines of WIBC 2011 provided a platform to understand the rapidly changing developments in these dynamic regions and build a deeper relationship between the key markets.
WIBC 2011 was a unique platform for the leading international and regional broadcast media, newspapers and industry trade publications to engage the market leaders on the industry’s most pressing issues.
Given the upbeat pulse of the industry and exciting prospects outlined at WIBC 2011, planning is already underway for the 19th Annual World Islamic Banking Conference (WIBC 2012) which is scheduled to be held from the 9th to the 11th of December 2012 in the Kingdom of Bahrain. We would also like to take this opportunity to invite you to attend the forthcoming 3rd Annual World Islamic Banking Conference: Asia Summit (WIBC Asia 2012) which will be held on the 5th and 6th of June 2012 in Singapore to engage in discussions that will “strengthen international connectivity and capture cross-border opportunities for Islamic finance.”
Once again our sincere gratitude to all our partners, sponsors, speakers and delegates for making WIBC 2011 such a huge success.
Yours sincerely,
David McLeanCheif ExecutiveThe World Islamic Banking ConferenceA MEGA Brand
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WIBC 2011: A Unique Global Gathering of Key Regulators and International Industry Leaders
L-R: H.E. Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain; Tirad Mahmoud, Chief Executive Officer, ADIB & Abdulrazzak Mohammed Elkhraijy, Executive Vice President and Head of the Islamic Banking Development Group, The National Commercial Bank-Saudi Arabia
L-R: Khalid Hamad Abdul-Rahman Hamad, Executive Director - Banking Supervision, Central Bank of Bahrain & H.E. Khaled Mohammed Al-Aboodi, Chief Executive Officer & General Manager, The Islamic Corporation for the Development of the Private Sector, the private sector arm of the Islamic Development Bank Group (IDB), Saudi Arabia
L-R: Khalid Al Bassam, Chairman, Bahrain Islamic Bank & Tai Boon Leong, Executive Director, Monetary Authority of Singapore
Geographical Representation @ WIBC 2011 Designation Representation @ WIBC 2011
The Growth Story of the WIBC Brand
“The growing internationalization of Islamic finance reflects its ability to be competitive and respond to the complex needs of businesses globally. As the industry’s geographic footprint expands, it is becoming increasingly vital to develop appropriate global frameworks and overcome the challenges of globalization faced by Islamic finance. The World Islamic Banking Conference (WIBC 2011) played a meaningful role in facilitating dialogues to prepare the international Islamic finance industry to “Compete for Global Growth”. The Central Bank of Bahrain was delighted to be again hosting this unique global industry gathering.”
H.E. Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain
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WIBC 2011: Competing for Global Growth2
Keynote Addresses @ WIBC 2011Managing the Challenges of Industry Globalization: Strengthening Regulatory
Frameworks to Accelerate the International Development of Islamic Finance
Regulatory Reforms in Islamic Finance:Promoting Stability in Turbulent Times
Competing for Global Growth:Preparing for the Asian Century
Commenting on the need for strengthening regulatory reforms, H.E. Rasheed M. Al Maraj, Governor, Central Bank of Bahrain in his keynote address noted that “the regulatory framework needs to keep pace with an expanding industry. The Islamic financial industry is fortunate in that it has several well-established standard setting bodies, including the Islamic Financial Services Board, the International Islamic Financial Market, and the Accounting and Auditing Organization for Islamic Financial Institutions. Over the years, these standard setting bodies have demonstrated their ability to adapt international standards to the needs of the Islamic financial industry. These bodies now need to take the lead in adapting the new international standards to the specific circumstances of Islamic finance. Ensuring that firms have strong capital and liquidity buffers should not be seen as an optional extra for the industry, but as an essential foundation for its next stage of growth.”
Speaking about regulatory reforms in Islamic finance, Jaseem Ahmed, Secretary-General, Islamic Financial Services Board (IFSB) said that “Islamic finance is a global industry today with tremendous prospects. It thus needs standards attuned to its global investor and stakeholder base. In practical terms, standards for prudential and supervisory practices are critical to achieving the transparency and stability objectives that underpin the legal and regulatory framework. Having a global set of standards provides a common benchmark for mainstreaming Islamic finance within each national jurisdiction.”
In his keynote address, H.E. Khaled Mohammed Al-Aboodi, Chief Executive Officer & General Manager, The Islamic Corporation for the Development of the Private Sector, the private sector arm of the Islamic Development Bank Group (IDB), Saudi Arabia said that “the pre-requisites for a sustained growth in Islamic finance are many. Nonetheless, one of the main issues that the industry is facing is the lack of sufficient and sound regulatory framework in some aspects of the industry’s operations. Effective prudential supervision on banks is quite vital and crucial in the Islamic banking sector. Furthermore, a system of proper corporate governance processes which are relevant and particular to Islamic principles must be in place in our financial institutions. In addition, the introduction of liquid, equity-based risk sharing and capital adequacy frameworks will shield Islamic institutions from the effects of future shocks and will help build a more sustainable financial system.”
According to Prof. Kishore Mahbubani, Dean and Professor in the Practice of Public Policy, Lee Kuan Yew School of Public Policy, National University of Singapore, “after two centuries of Western domination, the world is returning to the historical norm of two millennia. Asia is returning to the center stage of world history. This is due to the fact that Asians have absorbed and understood the Western best practices in many areas, from free-market economics to the embrace of innovative science and technology, meritocracy and rule of law. And they have become innovative in their own ways, creating new patterns of cooperation. Hence, Goldman Sachs has predicted that in 2050, the four largest economies in the world will be China, India, USA and Japan.”
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Capitalizing on New Growth Opportunities Driven bythe Increasing Internationalization of Islamic Finance
CEOs & Industry Leaders’ Power Debate
Global Islamic Banking Assets with Commercial Banks to Reach$1.1 Tn in 2012, Up 33% from US$826 Bn in 2010
In collaboration with
The World Islamic Banking Competitiveness Report, a ground-breaking initiative designed to not only identify but also to raise the bar of competitive excellence, strategic leadership and performance improvement in the global Islamic finance industry, now in its 8th annual edition, analyzed key strategies that leading Islamic financial institutions must deploy in order to ensure continued growth in a challenging economic environment.
According to the report, two key themes are starting to emerge. The first is the need for excellence in banking operations and the second is to improve product innovation. The combined MENA Islamic banking profit pool could rise to US$15 - 19 billion in 2015 from the 2010 levels of US$5 - 6 billion, primarily by combining operational transformation with a more robust risk infrastructure. Potential growth opportunities for regional Islamic banks include the emerging Islamic geographies, growing affluence among retail customers, better alignment with real economy and rising SME banking.
The Exclusive On-site Launch of the World Islamic BankingCompetitiveness Report 2012
Hussain Ali Sharaf, Director - Islamic Financial Institutions Supervision Directorate, Central Bank of Bahrain launching the report with Essa Al-Jowder, Office Managing Partner, Ernst & Young - Bahrain.
Tirad MahmoudChief Executive OfficerADIB
Syed Abdull Aziz Jailani Bin Syed KechikChief Executive OfficerOCBC Al-Amin Bank Berhad
Abdulrazzak Mohammed ElkhraijyExecutive Vice President and Head ofthe Islamic Banking Development GroupThe National Commercial Bank-Saudi Arabia
Dr. Salah Addeen A Qadar SaeedGeneral Manager – Credit & Risk ManagementBahrain Islamic Bank
Toby O’ConnorChief Executive OfficerThe Islamic Bank of Asia
Asad A AhmedChief Executive OfficerGulf African Bank
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Paradigm Shift in the Global Islamic Financial Markets: Creating a New BenchmarkUnveiling of a World First: Launch of the Islamic Interbank Benchmark Rate (IIBR)
Industry Leaders at the IIBR Launch @ WIBC 2011
Thomson Reuters launched the world’s first Islamic finance benchmark rate, designed to provide an objective and dedicated indicator for the average expected return on Shariah-compliant short-term interbank funding. The Islamic Interbank Benchmark Rate (IIBR), announced at the 18th Annual World Islamic Banking Conference in Bahrain, uses the contributed rates of 16 Islamic banks and the Islamic sections of conventional banks to provide a reliable and much-needed alternative for pricing Islamic instruments to the conventional interest-based benchmarks used for mainstream finance.
Led by
Nasser Saidi, Chief Economist,Dubai International Financial Centre (DIFC)Chairman, IIBR
Rushdi SiddiquiGlobal Head of Islamic FinanceThomson Reuters
“The establishment of the IIBR marks an important milestone in the maturation of Islamic money markets by providing an international reference rate for interbank transactions. Conventional money markets have relied on LIBOR, which by definition does not comply with Shariah conventions. Islamic markets will be able to rely on the IIBR and it will become an international reference rate for both conventional and Shariah-compliant transactions. Our aim is to provide an IIBR that is reliable, timely, representative of market conditions, transparent in its construction and accepted as the market reference. Islamic money and financial markets are coming of age and becoming part of the mainstream.”
“The delinking from conventional performance benchmarks started more than a dozen years ago and now we are extremely proud to offer the world’s first Islamic pricing benchmark, the Thomson Reuters Islamic Interbank Benchmark Rate. We have taken a collaborative approach as industry challenges are best solved by industry players working towards a common objective. The simplicity and robustness of the new benchmark’s methodology, governance, and transparency, combined with the endorsement of many respected Islamic financial institutions and scholars, will result in a reliable and realistic benchmark that better measures cost of funding for Islamic financial institutions. Together we are taking an important step forward for Islamic finance authenticity.”
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The World Comes to WIBC Initiative: Creating a Truly Global Platform
The UK Roundtable: Islamic Finance and the UK: Building International Partnerships
The World Comes to WIBC Initiative is a collaborative platform designed to highlight and discuss key issues that the Islamic finance industry is facing in various key jurisdictions. WIBC 2011 showcased the Islamic finance capabilities and innovations in Britain, France, Singapore, Bermuda, Luxembourg and Labuan
WIBC 2011 will feature a fully-fledged UK pavilion which will showcase the leading institutions from the United Kingdom.
“With a proven track record as a leading international financial centre and a long history of building strong regulatory infrastructure, the United Kingdom is keen to further establish its links and partnerships with the international Islamic finance industry. Given the UK’s strong financial and trade links with the Gulf and South East Asia, which are the major centres for Islamic finance, there are tremendous opportunities for cross-border investment flows that are Shari’ah-compliant. The progress made by UK firms in the Islamic finance industry is notable and the UK Pavilion at the World Islamic Banking Conference 2011 was an opportune platform to showcase the Islamic finance capabilities of the UK and further build our relationships with the leading international players.”
HMA Iain Lindsay OBE, British Ambassador to Bahrain, British Embassy Bahrain
“Bahrain continues to be widely recognised as a global leader in Islamic finance, and is also home to a number of central bodies which set the standards for the industry across the globe. Guiding over thirty countries on conducting business by Islamic principles has provided many investors with the confidence they need despite the turbulent market conditions in recent years. We have built a solid foundation for Islamic banking in the Kingdom; presently there are more than twenty five Islamic banks and the monthly issues of the Sukuk Al-Salam Islamic securities are regularly over-subscribed.
Given our heritage in Islamic Banking, and our commitment to a strong future for the sector, we are proud to continue to host and support the 18th Annual World Islamic Banking Conference.”
Shaikh Mohamed Bin Essa Al-Khalifa, Chief Executive, Bahrain Economic Development Board
From L-R: Nicholas Edmondes, Partner, Trowers & Hamlins, Chairman, TheCityUK GCC Advisory Group; HMA Iain Lindsay OBE, British Ambassador to Bahrain, British Embassy Bahrain; Farmida Bi, Partner and Head of Islamic Finance, Europe, Norton Rose Group; Cassim Docrat, Director, DDCAP (DIFC) Limited; Safdar Alam, CEO, Solum Asset Management; Mohammad Farrukh Raza, Founder and Managing Director, Islamic Finance Advisory & Assurance Services (IFAAS) and Darshan Bijur, Director - Islamic Finance and Investments, KPMG
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WIBC 2011: Competing for Global Growth6
The World Comes to WIBC Initiative: Creating a Truly Global Platform
Showcasing France @ WIBC 2011
Islamic Finance New Development in France - Growth & Opportunities:The France Roundtable at WIBC
H.E. Yves Oudin, Ambassador of France in Bahrain delivering his keynote address at the France Roundtable Session
Showcasing @ WIBC 2011A Part of the World Comes to WIBC Initative
“With the ambition to build long-term relationships between France and the Middle-East, Invest in France Agency is proud and convinced of the importance of taking part in WIBC 2011, an opportunity of sharing experiences and paving the way to a sustainable growth”.
David Appia, French Ambassador for International Investment Chairman & CEO, Invest in France Agency
From L-R: Salim SAIFI, Chief Representative- Middle East, Invest in France Agency - Middle East; Jacques Tripon, BNP Paribas Najmah; Gilles St Marc, Partner - Member of the steering committee of Paris Europlace, Gide Loyrette Nouel / Paris Europlace; Anass Patel, Managing Partner, 570 Asset Management; Marc Mariani, Partner, Baker & McKenzie
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Executive Briefings & Pre-Conference WorkshopsProviding a Practical Framework
“Asia offers many new opportunities for Islamic financial institutions to diversify their markets and grow their international presence. There is scope for greater co-operation between the Middle East and Asia to foster long-term economic growth. The WIBC as well as its sister conference WIBC Asia in Singapore brings the two regions and their financial institutions closer together.”
Ng Nam Sin, Assistant Governor (Development), Monetary Authority of Singapore
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WIBC 2011: Competing for Global Growth8
Competing for Global Growth More than 1,200 Industry Leaders Gathered at WIBC 2011
“We are proud to be associated with the 18th Annual World Islamic Banking Conference in Bahrain as its Gold Strategic Partner. The country remains a popular destination for foreign investors on account of its established regulatory practices, transparency and adherence to international standards. We strongly believe that Bahrain will continue to see strong growth in its financial sector. Regional economies have helped to raise the level of competition but Bahrain is still at the forefront and aptly retains its title as one of the largest financial centres in the region. There are several opportunities to be tapped within the country to secure good returns and long-term sustainability. We will continue to support such industry events where large group of Islamic Banking experts gather to propel the industry forward.”
Jamal Hijres, Chief Executive Officer, Capinnova Investment Bank
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Showcasing Innovative Solutions: The World Islamic Banking Exhibition
“Quantum Investment Bank is delighted to be part of the 18th Annual World Islamic Banking Conference as a Gold Strategic Partner. With the industry still feeling the after effects of the financial crisis, this event plays a crucial role in exchanging ideas, views and experiences. We were pleased to partner with this prestigious event which brought together the world’s finest Islamic bankers on a platform which allows innovation to breed.”
Dr. Idriss Ghodbane, Chief Executive Officer, Quantum Investment Bank
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WIBC 2011: Competing for Global Growth10
Showcasing Innovative Solutions: The World Islamic Banking Exhibition
“The global Islamic banking and finance industry has seen tremendous growth internationally and Bahrain is at the forefront of this growth and has a long history of being a pioneer in the global industry. With the industry now beginning to break out from its niche status to achieve critical mass in the global financial system, it is essential that we prepare the industry to tackle the challenges ahead. As a renowned, leading and global integrated wholesale Islamic banking institution, our partnership with the World Islamic Banking Conference highlights our commitment to the industry in creating a dynamic environment that will contribute to the sustainable growth of the Islamic finance industry. As a Gold Strategic Partner of the 18th Annual WIBC, were delighted to be a part of the discussions that defined the next stage of evolution for the global Islamic finance industry.”
Dr. Jamil El-Jaroudi, Chief Executive Officer, Elaf Bank
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Showcasing Innovative Solutions: The World Islamic Banking Exhibition
A World of Media Coverage
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The WIBC Awards: Celebrating Excellence & Leadership in the Global Islamic Finance Industry
The WIBC Islamic Banker of the Year Award 2011 : Tirad Mahmoud, Chief Executive Officer of ADIB receiving the award from H.E. Rasheed M. Al Maraj, Governor of the Central Bank of Bahrain
The WIBC Outsanding Contibution Award 2011 : Ijlal Ahmed Alvi, Chief Executive Officer of International Islamic Financial Market (IIFM) receiving the award on behalf of IIFM from H.E. Rasheed M. Al Maraj, Governor of the Central Bank of Bahrain. Also seen: Khalid Hamad Abdul-Rahman Hamad, Executive Director - Banking Supervision, Central Bank of Bahrain and Vice Chairman IIFM (Far Right)
The WIBC Institutional Excellence Award 2011: Dr. Jamil El-Jaroudi, Chief Executive Officer of Elaf Bank receiving the award on behalf of Elaf Bank from H.E. Rasheed M. Al Maraj, Governor of the Central Bank of Bahrain
The WIBC Thought Leadership Award 2011: Noor Abid, Managing Partner, Assurance, Ernst & Young Middle East and North Africa receiving the award on behalf of Ernst & Young from H.E. Rasheed M. Al Maraj, Governor of the Central Bank of Bahrain
The award winners with H.E. Rasheed M. Al Maraj, Governor of the Central Bank of Bahrain
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Thanks to our Partners & SponsorsA Record 65 Sponsors & Exhibitors @ WIBC 2011
Strategic Associate Islamic FinanceAdministration Partner
Gold Strategic Partner &Pre-Conference Luncheon Host
Gold Strategic Partner& Gala Dinner Host
Gold Strategic Partner& Conference Luncheon
Host Day 2
Investment & Advisory Partner
Financial Information Partner
Knowledge Partner VIP Networking Host
Delegate Badge SponsorShari’ah Advisory Associate Corporate Exhibitor
Islamic Professional Services Partner
Lanyard SponsorRatings Workshop Hosted by
Workshop Hosted by Refreshment Break Hosted by
Gold Strategic Partners
Silver Strategic Partners
Silver Strategic Partners
Jurisdiction Partner
Platinum Strategic Partners
Showcasing Luxembourg for Islamic Finance
Singapore @ WIBC 2011 Hosted By
ShowcasingShowcasing
Islamic Financial Services Associate & Award Auditor
Leadership Partner
Supported by
Associate Partners
Multilateral StrategicPartner
France RoundtableHosted By
Announcing the Launch of the WIBC Report 2011 / 12
In collaboration with
For 18 Years the World’s Largest Annual Gathering of Islamic Finance Leaders
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WIBC 2011: Competing for Global Growth14
570 Asset Management
ABC Islamic Bank (E.C)
Ableace Raakin
Abu Dhabi Equity Partners
Abu Dhabi Islamic Bank (ADIB)
Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI)
ACR ReTakaful MEA B.S.C. ©
AFKAR Holding
Agence France Presse
Ahli United Bank K.S.C.
Ahlia University
AIESEC - Bahrain
Akhbar Al Khaleej
Al Arayedh Group Holding W.L.L.
Al Ayam Newspaper
Al Baraka Banking Group B.S.C.
Al Baraka Islamic Bank B.S.C.
Al Bassam Investment Company
Al Bayan Magazine
Al Bilad Newspaper
Al Bilad Newspaper
Al Fajr Advisory Services
Al Hayat Newspaper
Al Hilal Bank
Al Huda CIBE
Al Kabeer International Company B.S.C. ©
Al Maalya - Islamic Finance Services
Al Morakeb Al Inmai Magazine
Al Naba Newspaper
Al Rajhi Bank
Al Rajhi Capital
Al Roaya Al Eqtisadiah Newspaper
Al Salam Bank - Bahrain BSC
Al Seyassah
Al Wasat Newspaper
Al Watan Newspaper
Al-Arabiya News Channel
Alchemy Capital Advisors
Al-Eqtisadiah Newspaper
Alinma Bank
Allfunds Bank SA
Allianz Takaful B.S.C. ©
Alubaf Arab International Bank B.S.C
Alvarez & Marsal Middle East Ltd.
AMA International University Bahrain (AMAIUB)
American University of Sharjah
Amjaad Development
Apex Fund Services Bahrain WLL
Apex Fund Services Holdings Ltd.
Arab Banking Corporation (B.S.C.)
Arab Islamic Bank
Arab News Network (ANA)
Arab Petroleum Investments Corporation(APICORP)
Arcapita Bank B.S.C. ©
Arendt & Medernach
Arriyada Economic Consultant Centre
Asharq Al Awsat Newspaper
ASSAIF
Association of the Luxembourg Fund Industry (ALFI)
Aswaq
Asya Katilim Bankasi A.S.
Bahrain Advanced Technology Co. W.L.L
Bahrain Association of Banks (BAB)
Bahrain Chamber for Dispute Resolution - AAA
Bahrain Economic Development Board (EDB)
Bahrain Financial Exchange BSC (BFX)
Bahrain Financial Harbour Holding
Company B.S.C. ©
Bahrain Institute of Banking and Finance (BIBF)
Bahrain Insurance Association (BIA)
Bahrain Islamic Bank B.S.C. (BisB)
Bahrain Mumtalakat Holding Company B.S.C
Bahrain News Agency (BNA)
Bain & Company
Baker & McKenzie SCP
Bank AlBilad
Bank Alfalah Limited
Bank Alkhair B.S.C ©
Bank Asya
Bank Islam Brunei
Bank Millie Afghan
Bank of Khartoum
Bank of Tokyo-Mitsubishi UFJ
Bank Muscat
Banka Kombetare Tregtare (BKT)
Banque De Luxembourg
Barhain Radio
BDO LLP
Birla Institute of Technology International Center (BITIC)
BKT
Blake, Cassels & Graydon LLP
Bloomberg L.P.
BMI Bank B.S.C.
BNP Paribas
Bobby Agha Consulting
Booz & Co.
Borden Ladner Gervais LLP
British Embassy - Bahrain
Burj Bank Ltd.
Business Bermuda
CACEIS Bank Luxembourg
CACEIS Investor Services
Capinnova Investment Bank B.S.C ©
Capital Management House
Capital Partners Holdings
Cash and Trade Magazine
Central Bank of Bahrain
Central Bank of the Republic of Turkey
Chaabi Bank
Charles Russell LLP
Chartered Institute for Securities & Investment (CISI)
Chartis Takaful Enaya B.S.C. ©
Chase Bank (Kenya) Ltd.
CIBAFI
Citi Islamic Investment Bank E.C.
Clifford Chance LLP
Club Affaires Franco Bahreini
CNBC Arabia
Conyers Dill & Pearman
Cordoba Capital
CPI Financial
Credit Agricole
Daily Tribune
DDCAP Limited
DDGI Limited
Deloitte
Deutsche Bank
Dow Jones Indexes
Dubai International Financial Centre (DIFC)
Dubai Islamic Bank
Edbiz Consulting Ltd
Education Zone Fz. LLC.
eGovernment - Kingdom of Bahrain
EIGER Trading Advisors Ltd
Elaf Bank
Embassy of Canada - Bahrain
Embassy of France - Bahrain
Embassy of Kuwait - Bahrain
Embassy of the Philippines - Bahrain
Embassy of the United States of America - Bahrain
Emirates NBD
Ernst & Young
Eskan Bank
Euram Bank Asia Limited
Euroclear Bank - Dubai Representative Office
European Islamic Investment Bank PLC (EIIB)
Eurx
Eversheds LLP, Qatar
Export-Import Bank of Malaysia Berhad
Ezone
Factset Research Systems Inc.
FinMark Communications
First Energy Bank
First Habib Modaraba
Fiserv
FitchRatings
Frontier Power Limited
General Council For Islamic Banks and Financial Institutions
Gide Loyrette Nouel
Global Banking Corporation BSC © (GBCorp)
Gulf African Bank
Gulf Banking Consultants W.L.L. (GBC)
Gulf Daily News
Gulf Finance House B.S.C.
Gulf International Bank B.S.C. (GIB)
Gulf-Press
Hannover ReTakaful B.S.C ©
Harvard Law School - Islamic Legal Studies Program
Harvard University
Herbert Smith LLP
HSBC Amanah
HSBC Bank Middle East Limited
IE Singapore
IMC Ijara Management Company
Inchcape Shipping Services W.L.L.
International Business Group
International Centre For Education in Islamic Finance (INCEIF)
International Enterprise Singapore
International Investment Bank B.S.C. © (IIB)
International Islamic Financial Market (IIFM)
International Islamic Liquidity Management Corporation
International Islamic University Malaysia (IIUM)
International Swaps and Derivatives Association, Inc.
International Turnkey Systems (ITS)
Invest In France Agency
Invita Company B.S.C. ©
ISDB - Islamic Research & Training Institute
Islamic Economics & Finance Pedia
Islamic Finance Advisory & Assurance Services (IFAAS)
Islamic Financial Services Board (IFSB)
Islamic Global Distribution Platform
Islamic International Rating Agency (IIRA)
Ithmaar Bank B.S.C.
Jamia Darul Uloom Karachi
JCR-VIS Credit Rating Company Limited
JPMorgan Chase Bank N.A.
JTPC Services
Karim Business Consulting
Keypoint Consulting W.L.L.
KFUPM
Khaleej Times
Khaleeji Commercial Bank B.S.C. (c)
King & Spalding LLP
KMPG Fakhro
Kuwait Finance House (KFH) - Kuwait
Kuwait Finance House Bahrain B.S.C. ©
Kuwait News Agency
Kuwait Petroleum Corporation
Kuwait Turkish Participation Bank Inc.
Kuwait TV
La Jolla Group
Labuan IBFC, Malaysia
Lancaster House
Layalina Magazine
Legal & General Gulf B.S.C. ©
Liquidity Management Centre B.S.C.
Liquidity Management House for Investment Co. K.S.C.C
LOE Group
Luxembourg for Finance
Malayalam News
Malayan Banking Berhad (Maybank)
Malaysian National News Agency (Bernama)
Malaysian Rating Corporation Berhad (MARC)
Mashaya Services
Massmedia
Mauritanie Leasing
Mauritanie Oumrane.SA
Mawarid Finance
MEED
Millennium International
Ministry of Finance - Bahrain
Ministry of Foreign Studies
Mizuho Corporate Bank, Ltd.
Monetary Authority of Singapore (MAS)
MTI Consulting
National Bank of Abu Dhabi (NBAD)
National Bank of Bahrain
National Bank of Kuwait (NBK)
National Commercial Bank (NCB)
National University of Singapore
Natixis - Middle East
NCB Capital
New Kabul Bank
New York Institute of Technology (NYIT)
Nexus Financial Services WLL
Noor Islamic Bank PJSC
Norton Rose Group
OCBC Al-Amin Bank Berhad
OGIER Private Wealth
Ohad Trust B.S.C. ©
Optimiza
Oversea-Chinese Banking Corporation Limited (OCBC Bank)
Pakistan Embassy in Bahrain
Paris Europlace
Path Solutions
Peppers&RogersGroup
Petro Star
Philippine Embassy - Bahrain
Pinsent Masons LLP
PricewaterhouseCoopers
Primedia International
Propel Consult
Qatar Financial Centre Authority (QFCA)
Qatar Islamic Bank (QIB)
Qays H. Zu’bi, Attorneys & Legal Consultants
Quantum Investment Bank
Rasameel - Structured Finance Co.
RedMoney Group
Reef Real Estate Finance Co. BSC ©
Richmond Commodities Limited
Riverbend Consulting
Rothschild
SABANA Real Estate Investment Management Pte. Ltd.
SAICA - The South African Institute of Chartered Accountants
Sakana Holistic Housing Solutions B.S.C ©
Samba Financial Group
Sarasin-Alpen (Bahrain) B.S.C. ©
Saudi Aramco
Saudi Hollandi Bank
Saudi Steel Pipe Company
Saudi TV
Saudiyat.net
Seera Investment Bank B.S.C. ©
SEI Investments Global Fund Services Ltd. (SEIC)
Shariyah Review Bureau
Singapore Economic Development Board
Singapore Management University (SMU)
SNR Denton & Co
Societe Generale
Solidarity General Takaful B.S.C. ©
Solum Asset Management
Solvay Brussels School of Economics & Management (SBS-EM)
Sphinx Services Ltd
Standard Chartered Bank
State Bank of Pakistan
Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC)
t’azur Company b.s.c. ©
Tenso Digital Marketing
Tharawat Investment House
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
The Directors Counsel
The Directors Counsel
The Family Office Co. BSC©
The Gulf Academy
The Gulf Magazine
The International Bank of Azerbaijan
The International Institute for Strategic Studies Middle East (IISS)
The Islamic Bank of Asia Ltd (IB Asia)
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
The Islamic Development Bank Group
The Islamic Globe
The Kingdom University
Theisen Law
Third Wave International
Thomson Reuters
Tradition Dubai Ltd.
Trident Financial & Accounting Consulting W.L.L.
Trowers & Hamlins
Turkish Embassy - Bahrain
Turkiye Finans Katilim Bankasi A.S.
Twentyfoursevennews.com
UM Financial Group
United Gulf Bank B.S.C.
University of Bahrain
Venture Capital Bank
Warba Bank
Weber Shandwick - MENA
World-Check
Yorvik
Zaid Ibrahim & Co.
Successfully Meeting the Industry Needs Senior Executive Teams Representing Over 330 Leading Organisations Attended WIBC 2011
18th Annual
For 18 Years the World’s Largest Annual Gathering of Islamic Finance Leaders 15
Successfully Meeting the Industry Needs Senior Executive Teams Representing Over 330 Leading Organisations Attended WIBC 2011
Thanks to our Media & Information Partners
ANNOUNCING WIBC 2012
Strategic Broadcasting Partner Investment Community Partner Online Media Partners
Media Associates
Global Communication Partners Strategic Media Partners
Lead Media Partner Global Media Partner
19th Annual
9, 10 & 11 December 2012, The Gulf Hotel, Kingdom of Bahrain
WIBC is a MEGA Brand. MEGA Brands. MEGA Clients. Market Leaders. Shaping the Future of the Global Islamic Finance Industry Since 1993Contact us: t:+971 4 343 1200 | f:+971 4 343 6003 | P.O. Box 72045, Dubai | www.megaevents.net
For more info please contact [email protected]
1200 International Industry Leaders. 60 Partners. 50+ Countries. A Unique Global Gathering: WIBC 2012
WIBC: For 19 Years the World’s Largest Annual Gathering of Islamic Finance Leaders
Supported by
AMEIS is a MEGA Brand. MEGA Brands. MEGA Clients. Market Leaders. Shaping the Future Investment Landscape between Asia and the Middle EastContact us: t:+971 4 343 1200 | f:+971 4 343 6003 | P.O. Box 72045, Dubai | www.megaevents.net
WIBC Asia is a MEGA Brand. MEGA Brands. MEGA Clients. Market Leaders. Shaping the Future of the Global Islamic Finance Industry Since 1993Contact us: t:+971 4 343 1200 | f:+971 4 343 6003 | P.O. Box 72045, Dubai | www.megaevents.net
3rd Annual
5 & 6 June 2012, Grand Hyatt, Singapore
Supported by
Strengthening International Connectivity - Islamic Finance:Capturing Cross-Border Opportunities
Bridging Investment Flows Between Asia and Middle East
Supported by
7 June 2012, Grand Hyatt, Singapore
Platinum Strategic Partner &Conference Luncheon Host Day 2
Platinum Strategic Partners
Showcasing Knowledge PartnerGold Strategic PartnerReal EstateInvestment Partner
Associate Partners
To participate in this prestigious event contact: [email protected] | t:+971 4 343 1200 | f:+971 4 343 6003 | www.megaevents.net/islamic_banking
To participate in this prestigious event contact: [email protected] | t:+971 4 343 1200 | f:+971 4 343 6003 | www.megaevents.net/asia-middleeast_investment