Key factors behind the recent prosperity of Islamic capital markets and prospects for sustainable growth will be analysed at the ICA Conference opening in Dubai today.
Occurring at the JW Marriott Marquis Hotel , the two-day occasion is sorted out by the UAE Financial Markets Association in a joint effort with the International Cambist Association (ICA) and vital accomplice Dubai International Financial Center.
“Islamic capital markets have been among the most vital development ranges of Sharia-consistent back lately, and various provincial economies now have vast and developed stock trades,” said Mohammed Al Hashem, Chairman of the UAE Financial Markets Association.
“The energy in the zone of sukuk has been much more noteworthy, with new structures and a lot of institutionalization, too quick development in issuance.
“The gathering exhibits an impeccable chance to look carefully at what represents the more prominent developing of Islamic capital markets, and to assess the amount of the advancement we have seen is genuine and manageable.”
Included Al Hashemi: “We will be distinguishing the most essential advancement needs for Islamic capital markets, and evaluating when we can hope to see Islamic capital markets match the part of their traditional partners in nations with vast Sharia-agreeable businesses.”
A worldwide board of speakers incorporate Michael Grifferty, Founder of The Gulf Bond and Sukuk Association; Alia Mo bayed, Director and Senior Economist at Barclays Bank; David French, Senior Financial Correspondent, Middle East at Reuters and Jacques Attalla, CEO of A&a and President of Planet Finance.
Representatives will banter about the inquiry of how to seize the chances of monetary incorporation in the Middle East.
“Financial reconciliation has been a paramount driver of exchange, speculation, and more extensive monetary improvement,” said Al Hashem. “Various provincial monetary groupings as far and wide as possible have attained noteworthy progress as far as making new open doors for financial development.
“Key take these examples incorporate the EU, NAFTA, and ASEAN. All around, monetary reconciliation is by all accounts transitioning to its next stage with new transatlantic and trans-Pacific activities. In the Middle East, the GCC is the most vital instance of monetary reconciliation, yet advance in the more extensive areas needs to date been genuinely unassuming.
“The meeting will look at what has been carried out to realize honest to goodness monetary joining in the Middle East, and take a gander at why advancement to date has been so restricted disregarding evident complementarities, and what might be possible to further quicken it.”