The $2.2 trillion global Islamic finance industry has been growing at double digit annual rates in recent years, in spite of the covid19 pandemic and, according to the IMF, Islamic banking has outperformed conventional banking over the past decade.
Islamic finance, despite its name, is not a religious product. However, the initial idea behind its inception was to provide an avenue for the world's 1.8bn Muslim population to conduct their financial matters in a Shariah compliant way, factoring in the prohibition of riba/interest/usury in Islam. So in some respects it can be seen as form of socially responsible finance.
It includes banking, leasing, Sukuk (securities) and equity markets, investment funds, insurance (Takaful) and microfinance. And now there is much debate about whether and how fintech, including cryptocurrencies, fit into the picture.
Join us as we explore the world of Islamic finance and it suitability for the multinational businesses that operate in the MENA region in the company of experts including Mufti Ismail Desai, CEO of Global Islamic Financial Services.
To allow for a manageable interactive debate, and to maintain social distancing, we are limiting participation to 20 people, and one representative per member company. So if you cannot attend, please nominate a relevant senior colleague to join us.
A light lunch will be served during networking following the discussion.
12 noon: arrival and networking
12.15pm: roundtable starts
1.15pm: roundtable finishes and networking lunch
Location: Capital Club, Dubai
Please note that this event is limited to senior-level executives and per invitation only. If you are not an existing member of The Economist Intelligence Corporate Network, but would like to learn how you can attend our events, please contact us.