Manama: The upcoming 23rd edition of the World Islamic Banking Conference (WIBC) in Bahrain will see a global participation with leaders from different regions across the world, Trade Arabia reported.
The conference held in strategic partnership with the Central Bank of Bahrain will take place in Manama, Bahrain from December 5 to 6 and will feature a groundbreaking lineup of speakers.
The World Islamic Banking Conference is the longest running Islamic finance conference with 23 years of heritage.
This year, WIBC will engage its audience in discussions on the challenges brought by the uncertainties in the global economic environment and highlight the need for Islamic finance to stay vigilant in order to maintain the current growth rates.
For 22 years, WIBC has been welcoming high profile delegations including regulators and government officials from various regions to discuss the future direction of this rapidly growing industry. This year, WIBC 2016 will welcome three high-profile keynote speakers from leading emerging markets.
Saudi Arabia is one of the most active and influential markets in the Islamic finance space today as it is home to a number of dedicated Islamic Banks, as well as Islamic window operations offered through conventional banks.
A great demand for Islamic finance products in this region, makes it one of the biggest markets in the GCC.
Russia, being the latest entrant into this booming structure, is looking to use Islamic finance to further its efforts of exploring new ways of financing and develop its economy by welcoming international investors from emerging markets.