Saturday 19 November 2016

WIBC 2016 will focus on economic uncertainty

The 23rd World Islamic Banking Conference (WIBC) will focus on the theme of Economic Uncertainties: Vigilance & Growth this year. The event guides the global Islamic finance and banking industry, and aims to enable Islamic finance to converge, strengthen and develop into an ecosystem whilst equipping leaders with insights to navigate the global financial system.

Key features for WIBC 2016 include the CEO Power debate, involving powerhouses from the top Islamic financial institutions engaged in key strategic issues facing the industry; a governors’ power table; streams focused on banking leadership opportunities and asset management best practices; thought leadership from strategy consultants; and panel sessions focused on small and medium sized enterprises (SMEs) and entrepreneurship, the impact of innovation in financial technology (fintech); among other topics.

A key focus at WIBC 2016 is identifying ways in which Islamic finance can connect with the broader ethical finance industry and benefit from collaboration with other ethical finance sectors to support their common growth prospects – ESG (environmental, social and governance), SRI (socially responsible investment) and faith-based investing – as well as looking at community banking and microfinance to promote financial inclusion.

Confirmed keynote speakers include:
  • Dr Ahmed Abdulkarim Alkholifey, Governor, Saudi Arabian Monetary Agency
  • HE Alexander Torshin, State Secretary – Deputy Governor, Central Bank of Russia
  • HE Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain

The WIBC Leaderboard, a peer-to-peer assessment benchmark based on robust quantitiaive metrics, aims to promote greater transparency within the Islamic banking industry and feeds into the WIBC Awards. The Leaderboard provides industry participants with visual rankings of Islamic banks as compared to their peers at the global, regional and national levels, based on the following financial and governance metrics, using data collated from the ICD Thomson Reuters Islamic Finance Development Indicator and Bankscope:
  • Financial stability: Total capital and tier 1 capital ratios, loan-loss reserves (LLR) to gross loans ratio, loan-loss reserves (LLR) to non-performing loans (NPL) ratio, non-performing loans (NPL) to gross loans
  • Financial performance: return on average assets (ROAA), return on average equity (ROAE), cost-to-income ratio (CIR), assets growth
  • Governance and social responsibility: Financial disclosure index, CSR disclosure

In 2015, WIBC hosted 1,300 delegates and 70 speakers from 50 countries, and witnessed the launch of eight intelligence reports by Thomson Reuters, EY, the National Bank of Kazakhstan, Toronto Financial Services Alliance, Middle East Global Advisors, and the Bank of Khartoum among others.

The team behind WIBC, Middle East Global Advisors, are also the conveners of the Global Ethical Finance Forum, in strategic partnership with the Scottish Government, and the co-organisers of the Responsible Finance Summit, in strategic partnership with Bank Negara Malaysia.

Interested?

The WIBC will be held from 5 to 7 December 2016 at the ART Rotana Hotel, Amwaj Islands, Kingdom of Bahrain. Register

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Hashtags: #WIBC2016, #23edition, #Islamicfinance