AhlulBayt News Agency

source : Financial Content
Friday

14 June 2013

7:30:00 PM
429940

First International Islamic Banking and Development Conference in Mozambique

The Government of Mozambique and the Arab African Council on Socioeconomic Development (AACSED), invited Institutions and delegates will participate in the historic launch of the Islamic American Banking Association (IABA) and join the historic "Maputo Declaration" on conventional and Islamic banking partnership in the developing world.

(Ahlul Bayt News Agency) - More than 600 banks, financial institutions, government officials and experts will attend this historic conference which will enhance participation in the billions of dollars pouring into Islamic banking products and projects across the developing world and in particular, showcase the impact of Islamic banking on Infrastructure in developing countries. Delegates will take advantage of real partnership opportunities, networking, and gain understanding from expert speakers, about how both conventional and Islamic banking have found ways to work together today better than ever, drawing on compliance education, and knowledge of technical solutions, which open the way forward for real cooperation and expansion. In addition to banks and financial institutions, the conference will have the attendance of dozens of exhibitors and infrastructure development professionals, contractors and experts speakers, government representatives, and international organization representatives, offering a truly historic gathering of decision makers and professionals, creating unparalleled networking opportunities. Islamic banking institutions will have the opportunity for partnership and networking with "conventional" banking institutions, and to learn how compliance and administration can work to the benefit of both banking models, to create real partnerships and opportunities for growth and expansion. Experts will provide instruction on setting up Islamic banking units in conventional banks, and solutions for the best ways to expand market penetration for existing Islamic banking operations through partnerships, innovative compliance, and technical systems, in addition to training resources. All banks and finance companies will have the opportunity to join the newly formed Islamic American Banking Association (IABA) upon its official launch during the conference, and nominees will be chosen for its board of governors.End item/ 149