The 2nd Islamic Finance & Banking Summit in Dubai, UAE, will explore opportunities and difficulties and shape Islamic finance’s future on September 27–28.
The 2nd Islamic Finance & Banking Summit is set to take place on September 27 and 28 in Dubai, UAE. This event offers a comprehensive overview of the rapidly evolving landscape of Islamic finance and banking, showcasing the significant role it plays in the global financial sector.
Islamic Banking’s Dominance
Islamic banking, the largest segment of the Islamic finance industry, currently holds a staggering 70% of its assets. Recent years have witnessed a remarkable surge in this sector, with a 44% growth in assets recorded in 2022. Notably, the Compound Annual Growth Rate (CAGR) in the MENA region has outpaced expectations, surging by 25%.
UAE’s Vision and Growth Prospects
The UAE stands at the forefront of this financial revolution and is committed to upholding its position as one of the world’s foremost Islamic banking system operators. The country’s strategy hinges on unrivaled customer service, continuous innovation, sustainable growth, and a steadfast commitment to employee engagement. The UAE needs significant investment and cash for ambitious local projects, particularly in renewable and green energy. This surge in local projects is expected to further bolster the financial sector.
Global Reach of Islamic Finance
It’s important to note that Islamic finance is no longer exclusive to Islamic or Muslim-majority countries. For decades, the global industry has seen active participation from countries like the UK across various sectors, including finance. The upcoming summit is set to convene industry experts, governmental bodies, major local and global banks, as well as senior industry representatives. The aim is to engage in substantive discussions about the major opportunities and challenges facing the Islamic finance community. Moreover, it will explore the potential for achieving operational excellence in the years to come.
Summit Highlights
- Diverse Expertise: The event boasts a lineup of 40 speakers who are experts in the field, offering a wealth of knowledge and insights.
- In-Depth Discussions: Six panel discussions will delve into critical topics and issues impacting the Islamic finance sector.
- Networking Opportunities: With 25 sponsors, partners, and exhibitors, along with 500 delegates, the summit presents ample networking opportunities.
- Solution Providers: Twenty solution providers will showcase their offerings, allowing attendees to explore innovative solutions.
- Media Engagement: The summit is supported by 25 media partners, ensuring extensive coverage and dissemination of valuable information.
In conclusion, the 2nd Islamic Finance & Banking Summit in Dubai is set to be a pivotal event in the world of Islamic finance. It will serve as a platform for collaboration, exploration, and strategic discussions, ultimately shaping the future of this dynamic and rapidly growing sector.
