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image Introduction to Risk Management in Islamic Banking – Basel II Compliance.
Event date: - 2012-12-07
   
image 12th Annual Islamic Finance Summit
Event date: - 2013-02-26
   
image The 3rd PPP MENA Conference
Event date: - 2013-03-17
   
image Islamic Finance Forum Europe
Event date: - 2013-05-28
   
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With the gap between Islamic and conventional banking solutions narrowing substantially, and due to the fast development of the Islamic banking industry, Muslim high net worth individuals are increasingly expecting Shariah compliance in managing their wealth, making Islamic wealth management solutions a key market need, Standard Chartered Private Bank has observed.

In the UAE, Islamic banking assets would grow to 20 per cent of the total banking sector in 2012 from an estimated 18 per cent in 2011, a banking expert has mentioned. According to recent data of Bloomberg, Global sales of Shariah-compliant bonds jumped to US$36 billion this year, just shy of 2011's full-year record of US$36.7 billion. In the third quarter of 2012 USD 40 billion sukuk was issued globally, comparing with the previous year same period the figure almost doubled. This takes the total of sukuk issued during the first nine months of the year to a record USD 109 billion, up 69% from the same period last year. Still, the value of sukuk sold this year compares with US$2.9 trillion of international bonds sold in 2012, according to data compiled by Bloomberg is not reflecting the market share of Muslim population in the world.

At the time being Islamic financial assets are valued at USS$1.3 trillion. S&P expects the industry to grow %20 annually over period of 2011-2015. However, there are some more upbeat forecasts by pundits for the Islamic finance industry. Dr Farhad Reyazat Editor in chief of Islamic Finance Magazine said a doubling of the industry's assets by 2015 could be a conservative estimate, and we wouldn’t be surprised if they tripled. Noor Islamic Bank chief executive Hussain Al Qemzi, speaking at the 2nd Annual Middle East Islamic Finance and Investment Conference, said the global Islamic finance industry could grow from its present $1 trillion to around $4 trillion within five years as untapped markets such as China open up and new products drive demand. Standard Chartered said in its Islamic finance industry outlook in June that banking assets of the Shariah-complaint segment, currently growing twice as fast as conventional banking assets, would reach $1.1 trillion globally in 2012, up 33 per cent from 2010. So everybody believe on growth but the expectation on growth is different.
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