World Islamic Banking Conference begins

The 25th Annual World Islamic Banking Conference (WIBC) officially began yesterday with a stimulating IIFM (International Islamic Financial Market) Awareness Seminar that covered a broad spectrum of issues, focusing on entrenching transparency in advancing sustainable growth in the Islamic Financial Market.

Held under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, the conference was attended by nearly 300 delegates from across the world.

Speaking on the occasion, Khalid Hamad Abdulrahman Hamad, Executive Director of Banking Supervision, Central Bank of Bahrain and Chairman of IIFM, highlighted IIFM’s threeyear strategic plan (2017 – 2020) and its new initiatives being undertaken in collaboration with other international bodies.

“The two Participation Agreements for Islamic Trade Finance will be launched soon jointly with Washington based Bankers Association of Finance and Trade (BAFT) as well as the master agreements for gold trading being considered with UK-based World Gold Council and London Bullion Market Association.”