SAB participated in the world’s largest annual gathering of international Islamic finance industry leaders (WIBC 2015), held on 2nd and 3rd of December at the Gulf Hotel in Bahrain.
Convened under the patronage of His Royal Highness Prince Khalifa Bin Salman Al Khalifa, Prime Minister of Kingdom of Bahrain and held with the support of the Central Bank of Bahrain. The conference gathered more than 1200 guests from more than 45 countries and 300 organizations including central bank governors, regulators, bankers, policy makers, fintech entrepreneurs and thought leaders. WIBC is a major Islamic finance event and most of the institutions are represented in one form or another. This was SAB’s 4th attendance at WIBC.
WIBC theme was under “New Realities, New Opportunities”, and beside others also highlighted power of technology, social media and cutting-edge research in shaping the future of Islamic finance. An important and unique aspect discussed was the role of technology in delivering financial services – as a bridge towards greater financial inclusion. There is a big majority of Muslims around the world who do not have access to financial services. It was not only discussed how to better integrate Islamic finance within Muslim communities but also how to build an industry that can also work within the non-Muslim majority countries, as a better and more responsible option in the broader financial sector.
SAB was represented by its Senior Director Islamic Banking & Finance – Humayun Jamshed who took part as a speaker in a session entitled ‘The role of Mobile money and Bitcoins in digital banking – How will disruptions in financial technology impact Islamic banking and financial services ?“ Humayun spoke on the role of digital banking in the future growth of Islamic finance and how could business and regulatory issues be identified and mitigated. The comments were well received and lead to a healthy Q&A session.
For further information please visit http://wibc2015.com