World Islamic Finance dialogues explore trends and developments

World Islamic Finance dialogues explore trends and developments

Manama: Bahrain, a prominent figure in the world of Islamic finance, continues to be a trailblazer in advancing knowledge capital and promoting innovation in the industry. Home to influential global Islamic standard-setting bodies such as AAOIFI, International Islamic Financial Market and the General Council for Islamic Banks and Financial Institutions, Bahrain has been at the forefront of developments in Islamic fintech and digital transformations. IFN, with the support of IsDB as the multilateral strategic partner, hosted the World Islamic Finance Dialogues 2023 on the 12th December, at Wyndham Grand Manama.

The keynote address was delivered by Khalid Hamad Al-Hamad, Executive Director – Banking Supervision, Central Bank of Bahrain, and was then followed by the first session. It served as a platform to discuss the building of momentum through the growth of Islamic financial markets. This discussion explored the notable achievements and milestones of Shariah compliant financial and capital markets over the past year and regulatory environments’ influence over the growth and development of the Islamic markets. It also includes amendments that could be made to market regulations, and the development of the Islamic capital market including increasing market depth and liquidity, driving product innovation and widening the investor base, funding routes