The inaugural edition of the Islamic Enterprises event was held in London at Hyatt Regency – The Churchill on 1-2 November 2016.
In recent years, the Islamic finance industry has experienced tremendous growth internationally. The field has become an increasingly important part of global capital markets, as growing awareness and appetite develops for ethical guidance to act as a principle for raising finance in accordance with the Islamic Faith across the MENA region and beyond into Asia.
The focal point of the conference centred on the impact that reduced oil prices has had on the Islamic finance industry globally, but with a detailed review of the MENA region in particular. Due to substantial government budget deficits, an underlying gap now exists in liquidity to provide financing, whilst funding requirements for critical economic concerns such as energy and infrastructure remains high. An emphasis on how the regional governments are planning to sustain economic growth and infrastructure developments in 2017 and beyond was covered during a series of seminars from leading practitioners. Additionally, the seminars also examined the opportunities for Islamic banking as governments increase initiatives to encourage liquidity in the corporate debt market, with a review on the legislation and perspective of regulators concerning the issuance of international bonds and domestic sukuk. In all, a diverse range of sectors were discussed, with speakers reviewing macroeconomic factors affecting specific asset classes ranging from Real Estate, Biotech, Insurance, Tourism, F&B and Fin-Tech respectively.
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