Islamic Banking Industry ready to face challenges ahead

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First China-UAE Conference on Islamic Banking and Finance held in Beijing

Observer Report

Beijing—The first China-UAE Conference on Islamic Banking and Finance, held under the theme “Islamic Banking and Finance: Perspectives, Challenges and Sustainable Impact”, recently concluded at the Diaoyutai State Guest House Fanghuayuan Estate in Beijing. Organised by the Hamdan bin Mohammed Smart University’s (HBMSU) Dubai Centre for Islamic Banking and Finance and the Dubai Islamic Economy Development Centre in cooperation with the China Islamic Finance Club and ZhiShang Intercultural Communication and in partnership with Thomson Reuters, the event gathered senior decision makers, experts, leaders, and researchers specialising in Islamic banking and finance from the UAE and China to discuss current emerging trends and challenges in the industry today, as well as tackle joint collaborative opportunities to globally promote Islamic economics.
Fahd Al Saadi, HBMSU’s vice-chancellor for institutional resources and services, officially opened the conference by delivering a welcome remark on behalf of HBMSU chancellor Dr Mansoor Al Awar. The chancellor emphasised the forum’s significance with regard to the vision of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the capital of global Islamic economy, an initiative being led by Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and HBMSU President.

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