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   2013
   
 

Sheikh Saleh Kamel and Leaders of Al Baraka Banking Group

With the participation of HE Sheikh Saleh Abdullah Kamel, Chairman of Al Baraka Banking Group, members of the Board of Directors,  Mr. Adnan Ahmed Yousif, P&CE of the Group and the CEOs and general managers of the Group's, and under the patronage of HRH Sheikh Khalifa bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain, who delegated His Highness Shaikh Ali bin Khalifa Al Khalifa Deputy Prime Minister to attend on his behalf, the works of the 20th WIBC started in Bahrain today, which is considered over the last two decades as one of the largest conferences in the world.

Through this large participation of the leaders of Al Baraka Banking Group in the conference, the Group affirms unequivocally its great support to the regional and global events and forums organized in the Kingdom of Bahrain as a prestigious global financial center,  as well as its support for the Islamic banking industry , especially since this industry on a global level has seen a significant change over the last two decades , where are playing an increasing role in the international financial system .

On this occasion , HE Sheikh Saleh Abdullah Kamel, Chairman of Al Baraka Banking Group said, "This conference represents an important platform, through which we highlight the significant developments taking place in the Islamic banking industry, as well as the challenges and opportunities that face us . Our participation this year stemmed from our profound believe of the title it  carries , as Al Baraka Banking Group has always been proactive in the search for new and innovative ways to meet the great demand for Islamic financial products and services, and ways of funding, as embodiment of the Islamic banking model that we adopted" ,

For his part , Mr. Adnan Ahmed Yousif, President and Chief Executive of Al Baraka Banking Group said, "The conference provides an important opportunity for us to discuss the current developments in this fast growing sector and exchange ideas on the most important topics related to Islamic finance today, especially in light of the current global crisis, and lessons learned from it, where we must strive to  exchange of views on them and learn from them, despite the fact that the Islamic banking industry proved to be immune to the serious consequences of this crisis thanks to the Sharia and ethical principles the industry are based on in its  financing and investment products and activities. "

The three day event commenced on the 3rd of December 2013 with a series of pragmatically focused pre-conference summits led by experienced and respected international industry standard-setting bodies and experts. The main WIBC 2013 conference, which begun today the 4th of December 2013, was inaugurated by H.E. Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain. The inaugural address was followed by a special keynote address by H.E. Dr. Mohammad Y. Al-Hashel, Governor of the Central Bank of Kuwait.

This year's WIBC features the most impressive line-up of speakers in the conference's 20 years of history. Key highlights of WIBC 2013 include the interactive dialogue with H.E. Sheikh Saleh Abdullah Kamel, Chairman and Founder of Dallah Al Baraka Group; one of the genuine pioneers of the industry and widely acclaimed as the father of contemporary Islamic finance, who will share his perspectives of Islamic finance past, present and future during an onstage conversation with acclaimed media personality Turki Al Dakhil of Al Arabiya News Channel.

 In addition, much attention will also be on the special guest address by Sir Howard Davies, Former Chairman, Financial Services Authority; Former Deputy Governor, Bank of England and Professor, Sciences Po, Paris. The keynote session featuring Sir Howard Davies will provide new insights on the future of banking regulation and its implications for Islamic financial institutions.

 WIBC 2013 will also include a high profile Industry Leaders' Power Debate featuring internationally respected CEOs and decision-makers from the key players in the industry. The power debate session will analyze what changes the Islamic finance industry must undergo in order to adapt and evolve to meet the evolving needs of the end-user.

The eagerly anticipated World Islamic Banking Competitiveness Report, an original research project led by Ernst & Young's award winning Global Islamic Banking Center, will also be launched on-site at WIBC 2013.  The WIBC has also been further expanded this year and will feature official delegations representing exciting jurisdictions for Islamic finance including Luxembourg, the United Kingdom, Canada and Azerbaijan. WIBC 2013 will also feature a special ceremonial awards function that will recognize excellence, innovation and pioneering initiatives in the global Islamic banking and finance industry looking back over the past 20 years of WIBC.

 

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