WIBC 2010: Defining the Next Stage of Evolution
for the Islamic Finance Industry

Notwithstanding the effects of the global economic crisis, the Islamic finance industry is set to become a $2 trillion industry in the next 3-5 years from its current $1 trillion mark. Though the Islamic finance industry has enjoyed rapid growth over the past few years, a key challenge is to ensure that this growth is sustainable. The 17th Annual World Islamic Banking Conference (WIBC 2010) will feature high-level discussions and debates on 'building a new growth paradigm' and ensuring continued success for the Islamic banking and finance industry.

Defining the Next Stage of Industry Evolution:
New Market and Product Strategies for New Economic Realities.

One of the key roundtable sessions at WIBC 2010 will feature critical discussions on the evolution of the Islamic finance industry and re-configuring business models in the new global financial landscape.

Session Chair:
Rushdi Siddiqui
Global Head of Islamic Finance and OIC Countries
Thomson Reuters
Jacques Tripon
Chief Executive Officer
BNP Paribas Najmah (Islamic Banking)
Dr. Salah Addeen A Qadar Saeed
General Manager - Credit & Risk Management
Bahrain Islamic Bank
Raja Teh Maimunah
Global Head - Islamic Markets
Bursa Malaysia
Craig Hewett
Chief Business Officer
Bahrain Financial Exchange (BFX)

Key Discussion Points:
  • Beyond the crisis: How will the industry evolve?
  • The need for stress testing in Islamic finance
  • Re-thinking the business model and value proposition
  • Product innovation and the next generation of
    Islamic finance solutions

Rushdi Siddiqui
Global Head of
Islamic Finance and
OIC Countries

Thomson Reuters

Speaking ahead of the conference Rushdi Siddiqui, Global Head of Islamic Finance and OIC Countries, Thomson Reuters said: "For Islamic finance to move from 1.0 to 2.0 and from its current $1 trillion state to its deserved level of $2 trillion in the next 5 years, the industry needs paradigm shifting changes. We are observing and actively participating in interesting developments that will move global Islamic finance to that level: from bilateral to multiple liquidity, from fund registration to funds supermarket, from fragmentation to connectivity, from divergence to convergence, and from Islamic  finance  hub  to  transaction  hub. The World Islamic
Banking Conference is an important event for Islamic Finance in this context as it represents the global convergence of multiple stakeholders to create one interconnected transaction hub. As a Knowledge Partner, we look forward to sharing these insights and more at the WIBC 2010 event."