The Financial Crisis and the Way Forward for Islamic Finance:
The Launch of the 2009/2010 WIBC Competitiveness Report

As cautious optimism returns to the global economy and financial markets begin to move towards stabilisation and economic recovery, The WIBC Competitiveness Report 2009/10, produced in collaboration with McKinsey & Company, will be officially launched on the 7th of December 2009 at the 16th Annual World Islamic Banking Conference (WIBC 2009).


Now in its 6th annual edition, the 2009/10 Report will provide new insights on how the leading Islamic financial institutions are adapting as they grapple with the need to manage risk, seek new growth markets, deliver on market expectations as well as remain competitive. The analysis provided in this year's Report will be even more critical as it comes at a juncture when the industry is tackling the challenges of a new business landscape emerging from the aftermath of the recent turbulence in the international financial markets.

The eagerly anticipated report will reflect detailed research focused on raising the bar of financial performance and strategic excellence in the industry as well as point towards key directions emerging in the post-crisis landscape. In addition to this overview of the sector, the Report will look forward at critical issues that Islamic banking players will need to address to continue growing in the immediate future.


The 2009/10 Report will provide new insights
into the following key areas:

  • Developments in the Islamic Finance Landscape. The 2008-2009 economic crisis has impacted banks globally, with large markets for Islamic finance no exception. The report answers, through practical and researched data, the question on the impact of the crisis to the Islamic Finance industry and offers insights into the future course of action for the industry
  • Liquidity Management in the GCC. This year's Report addresses this vital issue in the GCC market and pinpoints approaches that the banks will have to develop if they are to manage their liquidity needs effectively going forward
  • Exploring North Africa's Islamic Banking Landscape. The 2009/10 Report also highlights the long term challenges and opportunities for Shari'ah-compliant assets in the North Africa region
  • Islamic Investment Management. In addition, this year's Report explores the critical success factors for Islamic wealth managers.