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Sunday, 15 June 2014

Islamic finance challenges to be tackled in global conference

Leaders of the global Islamic finance industry will be in Singapore this week to discuss the many challenges that remain for the Islamic banking sector. Experts said however, that there was no sign of a slowdown in the sector. Islamic finance stakeholders will be attending the 5th annual World Islamic Banking Conference: Asia Summit (WIBC Asia), which is hoping to tackle, among other things, the different ways to build cross-border connections to sustain the industries' momentum. CIMB Islamic CEO Badlisyah Abdul Ghani said there was a need for the industry to build international linkages in order to accelerate its development. Islamic Bank of Asia CEO Toby O'Connor said the industry needed to develop new financial products and services in order to cater to evolving needs of customers.

(Asia First / 02 June 2014)
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