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Box Story 7

The World Islamic Banking Conference: Asia Summit 2010

The first annual World Islamic Banking Conference: Asia Summit (WIBC Asia) was held in Singapore from 14 to 15 June 2010 with the theme of “Seeking New Growth Horizons”. More than 350 central bankers, government officials, as well as industry and academic representatives from over 170 institutions from Europe, Middle East, Asia and Australia attended the event. Rasheed M. Al Maraj, Governor of the Central Bank of Bahrain and Sultan Bin Nasser Al Suwaidi, Governor of the Central Bank of United Arab Emirates delivered keynote speeches at the Summit. Other conference speakers included financial regulators, bank chief executives and fund managers.

Lim Hng Kiang, Minister for Trade and Industry and Deputy Chairman of MAS, delivered the opening address in which he called for greater engagement between the Middle East and Asia to complement each other’s growth and to seek out new opportunities for mutual benefit. He also highlighted the positive outlook for Islamic finance globally and outlined Singapore’s wider developmental role as an international financial centre in promoting Islamic finance.

WIBC Asia is positioned as a regional flagship Islamic finance conference for the budding industry to share their experiences and capitalise on the growing business opportunities within Asia. MAS’ support in establishing and anchoring this annual conference in Singapore signifies our broader commitment to promote Islamic finance and ethical investment.

 
Lim Hng Kiang, Minister for Trade and Industry and Deputy Chairman of MAS speaking at the World Islamic Banking Conference : Asia Summit
 
 
Rasheed M. Al Maraj (left), Governor of the Central Bank of Bahrain and Sultan Bin Nasser Al Suwaidi (right), Governor of the Central Bank of United Arab Emirates with Minister Lim Hng Kiang.
 
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