The international Centre for education in Islamic Finance or INCEIF and the Tadhamon international Islamic Bank co-organized a Forum entitled The Islamic Financial Services industry: The Next Big Wave. The Forum, held at the Movenpick Hotel, was well attended by about 100 guests comprising staff of the Central Bank of Yemen, Islamic and conventional banks, insurance companies, scholars and members from the University fraternity in Sana’a.
Mr. Ahmed Dameem Assistant Governor of the Central Bank of Yemen and Mr. Edi Irwin Mahmod, second Secretary from the Embassy of Malaysia to Yemen were guests-of-honor at the Forum.
The objective of the Forum was to highlight the phenomenal development of the global Islamic financial services industry that is growing at an annual rate of 15-20 per cent. The industry has gained acceptance by Western countries and has evolved to become an integral part of the international financial system. The Forum discussed on the success of Malaysia in introducing phased development of the industry since 1983, Shariah issues in Islamic finance, Islamic capital markets and regulatory, tax and market environment to support the growth of the Islamic financial services industry.
Via Yemen Times.