Shaping The Future Of Islamic Retail Banking Globally
As the future promises great opportunity for the Islamic banking sector, 5th World Islamic Retail Banking Conference will present an unique platform for global banking leaders to evaluate Islamic Banking options.
- (1888PressRelease) August 15, 2013 - "We believe that the future of Islamic retail banking is encouraging. This is apparently shown in the continual growth of this finance volume and its increasing growth rates which surpass their counterparts in conventional banking. This would create a challenge of the ability to develop the products of this sector to meet the increasing and renewed needs of this sector's clients." - Musa A.Shihadeh, Vice Chairman & Chief Executive Officer at Jordan Islamic Bank.
As the future promises great opportunity for the Islamic banking sector, the path ahead is continually intervened by external barriers. Competition from conventional banks, reaching out to a predominantly captured market, creating awareness and educating them about a whole different banking concept creates excessive limitations in its growth cycle.
Apart from these external challenges that Islamic banking is continuously coping with, there are internal challenges that need to be addressed, in order to grasp the concept and proceedings of the banking structure. The pivotal internal challenge that Islamic banking is suffering is related to the complications of documentation and formalities involved in Islamic banking due to its nature of business dealing.
Musa A.Shihadeh, Vice Chairman & Chief Executive Officer at Jordan Islamic Bank, will elaborate on such internal limitations and brainstorm solutions at the 5th World Islamic Retail Banking Conference (26 - 27 November 2013, Shangri - La Hotel, Dubai - UAE).
To reap extraordinary profits, implementing new and different strategies is very crucial than repeating competitor's methods of business. However, standard differentiation strategies focusing either on product, pricing, process or people is a challenge at hand as general market surveys are the only means to predict and identify business strategies.
John Chang, Head of Consumer Banking at Noor Islamic Bank, in his presentation will raise awareness and brainstorm solutions to the vital question - How to achieve total organizational alignment. This presentation is meant to raise awareness and stimulate discussions on:
* What are the true and long lasting differentiating factors that can help you break out of the pack?
* What companies who are truly differentiated can teach us?
* How you can make a difference in your company from tomorrow onwards?
5th World Islamic Retail Banking Conference will bring Global C level Islamic Retail Bankers together, presenting a powerful networking opportunity for conventional bankers, Islamic retail bankers, takaful companies, leading law firms and shariah experts to ensure that the strengths and weaknesses of the Islamic retail banking are probed every year and best practices shared to boost the asset growth.
This forum will witness presenters and industry experts from Al Baraka Banking Group, Standard Chartered Saadiq Berhad, Mashreq Al Islami, Noor Islamic Bank, Dubai Islamic Bank, Islamic Bank of Britain, Meezan Bank Ltd., Syarikat Takaful Malaysia Berhad, Bursa Malaysia, Bahrain Islamic Bank BSC, RAKBANK, Sohar Islamic - Bank Sohar, Bank Nizwa, Bank Islam Brunei Darussalam, Islamic International Arab Bank, Islamic Banking, Bank Alfalah Limited and many more.
Media Contact:
Mohor Mukherjee
mohor.mukherjee ( @ ) fleminggulf dot com
+971 4609 1570
+971 4609 1589
link is http://finance.fleminggulf.com/world-islamic-retail-banking-conference-201311
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