MANAMA: Though the Islamic finance industry has enjoyed rapid growth over the past few years despite the effects of the global financial slowdown, a key challenge is to ensure that this growth is sustainable.
It is against this backdrop that the 17th Annual World Islamic Banking Conference (WIBC 2010) will be held from November 22 to 24 at the Gulf Hotel, Bahrain.
"This year's WIBC comes at a crucial time for the international industry as Islamic financial institutions seek to further advance their successful achievements in the new global financial landscape," said National Commercial Bank Saudi Arabia chief executive officer Abdul-Kareem Abu Al Nasr.
"Since the bottom of the markets in early 2009, prices have risen," said Templeton Emerging Markets Group - Singapore executive chairman Mark Mobius. "Nevertheless attractive valuations can be found since, on the average, those valuations are in the middle of their long-term range."
More that 1,200 delegates from 50 countries are set to attend WIBC 2010, the world's largest annual gathering of Islamic finance leaders.