Kuwait Finance House (KFH) participated in the 6th World Islamic Banking Conference-Asia Summit in Singapore, as a platinum strategic partner. KFH’s participation comes as part of its ongoing commitment towards international financial forums that seek to improve Islamic banking and underscore the importance of this industry regionally and globally.
Tariq Alrifai, Head of Investor Relations at KFH participated as a speaker on "Risk Landscape for Islamic Finance: Governance, Legal and Risk Management Priorities to Sustain Growth". He discussed on how in general terms, most Islamic banks are rated higher than conventional banks in the ratings sphere. As such, the industry should capitalize on the positives to further enhance the Islamic banking agenda.
He added that the conference is seen as a good opportunity for bankers and lawmakers to exchange experiences and participate in important discussions for the benefit of Islamic finance and global economy.
Several key points were discussed in the conference such as the need for creating a favorable environment for Islamic banking to grow, the growth of trade between Asia and the GCC, the growth of inter-regional investment as well as the need for all players to adopt best practices and global regulatory standards to further enhance Islamic banking.
Also, distinguished key speakers at the conference raised the importance of exerting concerted efforts for national and international initiatives on mutual collaboration and standardization across pertinent areas.
It’s worth noting that the event, which was supported by the Monetary Authority of Singapore (MAS) attended by Saeed Abdulla Al Hamiz, Assistant Governor for Banking Supervision, Central Bank of the UAE , Jacqueline Loh, Deputy Managing Director of MAS, Yaqoub Al-Sanad, Ambassador of Kuwait to Singapore, in addition to approximately 300 executives from the global financial industry.
KFH strives to sponsor events and activities that aim at developing the Islamic finance industry that is witnessing remarkable growth and gaining great momentum regionally and globally. Moreover, KFH, thanks to its extensive experience and long track record in this industry, not to mention the huge geographical expansion, strengthened its position and reputation as a reference for Islamic banking and finance.