Senior management from Barwa Bank, Qatar’s fastest growing Shari’ah compliant bank, participated in key industry discussions at Euromoney Seminars’ prestigious 13th Annual Islamic Finance Summitheld from 10 – 12 February 2014 at the Marriott Grosvenor Square, London, UK.
Steve Troop, Group Chief Executive Officer took part in the panel discussion entitled “An interview with the industry’s thought leaders: reaching the ‘next stage’ of Islamic finance”, while Bashar Jallad, Group Treasurer and Chief Investment Officer participated in “Innovations in Islamic treasury and liquidity management: developing new methods of managing banks’ short-term funding needs” while Arsalaan Ahmed, Head of Capital Finance was on the panel that looked at Islamic capital markets: “What needs to be done to grow the recognition of sukuk as a global investment alternative?”
Mr Troop commented, “We were delighted to participate in these distinguished panels and interact with key members of the Islamic Finance Industry from across the world. The UK Government’srecently announced proposal for the first Islamic sovereign sukukoutside the Muslim worldis another example of the growth and increasing prominence of the Islamic Finance, and discussions like these are crucial to the future development of our industry.”
One of the largest events in the sector, the Islamic Finance Summit welcomed over 400 delegates in 2014. Barwa Bank senior management participation in the seminar was part of the bank’s continuing commitment to play a central role in building the profile of Islamic Banking, increasingly seen as a contender to conventional banking in many parts of the world.
“The future is very positive for the Islamic Finance industry. Growth rates for Shari’ah compliant financial services continue to out-pace those in the conventional industry, a trend that we see continuing and one that will accelerate as the industry builds out product and service propositions that offer credible alternatives” concluded Mr Troop.