Islamic finance experts will assemble in Doha next week to discuss innovation and artificial intelligence, the new sectors of finance and investment that Shariah finance should tap, and how Islamic finance can largely address the looming economic crisis.
These, amongst others, would be discussed threadbare at the 6th Doha Islamic Finance Conference (DIFC), which is expected to bring together government bodies, global entities, financial and academic institutions, considering that Qatar is fast becoming the most qualified financial centre to transform into the world capital of Islamic finance, given that the volume of Islamic financing assets in Qatar has hit $129bn levels.
The conference ‘’Islamic Finance in a Transforming World, which will be held on February 25, is organised by Bait Al-Mashura Finance Consultations in collaboration with Barwa Bank, Qatar Olympic Committee, Qatar Financial Center (QFC), Qatar Development Bank and Qatar Finance House.
‘’Qatar is poised to be one of the world’’s leading Islamic finance hubs, growing at a compound annual growth rate of 8% since 2015, and characterised by its competitive and flexible regulatory environment that continues to attract Islamic finance institutions and products, said Yousuf Mohamed al-Jaida, chief executive of QFC.
The conference will have discussions distinctly on directing the Islamic financial institutions towards investing in sports sector and the mechanisms and controls of financing and investment operations in this important sector, said Dr Khalid bin Ibrahim al-Sulaiti, chairman of the Organising Committee and deputy chairman of Bait Al-Mashura.
The estimates indicate that Islamic financing assets are expected to reach a level of $3.2tn this year, according to Dr Osama Qais al-Derai’’ei, vice-chairman of the organising committee, managing director and chief executive of Bait Al-Mashura Finance.
Talal al-Khaja, chief communications officer, Barwa Bank; Saud al-Buainain, acting director of Communications and Marketing for Qatar Development Bank; Hussam Hamid, chief executive of Qatar Finance House; Dr Ibrahim al-Ansari, dean of College of Sharia and Islamic Studies, Qatar University; and Dr Emad al-Din Shaheen, dean of College of Islamic Studies, Hamad Bin Khalifa University; also spoke about the importance of the event.—Gulf Times