The Islamic Development Bank, the World Bank and the World Federation for Development Financial Institutions are co-hosting a conference on Islamic Finance on October 11, 2013, as part of the World bank/IMF Annual meetings, to discuss the recent developments in the global Islamic finance industry, and pinpoint its relevance to development finance and fostering shared prosperity. Islamic financial instruments are proving to be more stable and resilient to market volatility and risks.
Moreover, the ample liquidity seeking investments in Islamic financial instruments provide a strong argument for the relevance of Islamic finance to sustainable economic development and growth given adequate guidance and coordination is in place to direct resources towards development venues.
Dr. Ahmed Ali, the President of the Islamic Development Bank, will provide a keynote address that highlights the role of Islamic financial instruments in economic development.
Dr. Mahmoud Mohieldin – World Bank’s President Special Envoy will provide a keynote that highlights the World Bank’s views on priority areas that merit the mobilization of global development finance resources.
Dr. Tunc Uyanik, Director of the East Asia and Pacific Region and Financial Systems Global Practice, and Chair of the World Bank Group's Islamic Economics and Finance Working Group will share the latest update on the World Bank efforts to support and provide inclusive solutions to the World Bank client countries to deepen Islamic financial markets as well as on close collaboration with the Islamic Development Bank to ensure the soundness of the Islamic finance industry.
A wide range of global leading experts in the field of Islamic finance will participate as discussants and speakers as well as high level government officials and policy makers.
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Nana Konadu Afram-M'Bow