Abu Dhabi to host Islamic Finance Congress in Nov. MENAFN – 23/10/2007 [-] Text [+] (MENAFN) The Gulf Today reported that the UAE capital, Abu Dhabi, will host the International Islamic Finance Congress between the 19th and the 22nd of next month. The event, which will be the first of its kind in Abu Dhabi, is supported by the Abu Dhabi Chamber of Commerce and Industry. It comes at a time that the Islamic banking industry is rapidly growing throughout the world, especially in the UAE which has an average annual growth rate of 18 percent. However, one of the biggest obstacles to the growth of global Islamic finance is the lack of universal standardization and a feature of the congress is the presentation from the general council for Islamic banks and financial institutions on a new investigation on the entire process of new Islamic financial product development. The event is also in a prime location with the capital of the UAE named the richest city in the world and experiencing vast development in all aspects. Another urgent issue that needs to be addressed is the demand for training the next generation of Islamic finance managers. This international Islamic finance congress will also include two days of workshops on the 19th and the 22nd of November. Abu Dhabi to host Islamic Finance Congress in Nov. MENAFN – 23/10/2007 [-] Text [+] (MENAFN) The Gulf Today reported that the UAE capital, Abu Dhabi, will host the International Islamic Finance Congress between the 19th and the 22nd of next month. The event, which will be the first of its kind in Abu Dhabi, is supported by the Abu Dhabi Chamber of Commerce and Industry. It comes at a time that the Islamic banking industry is rapidly growing throughout the world, especially in the UAE which has an average annual growth rate of 18 percent. However, one of the biggest obstacles to the growth of global Islamic finance is the lack of universal standardization and a feature of the congress is the presentation from the general council for Islamic banks and financial institutions on a new investigation on the entire process of new Islamic financial product development. The event is also in a prime location with the capital of the UAE named the richest city in the world and experiencing vast development in all aspects. Another urgent issue that needs to be addressed is the demand for training the next generation of Islamic finance managers. This international Islamic finance congress will also include two days of workshops on the 19th and the 22nd of November. http://www.menafn.com/qn_news_story_s.asp?StoryId=1093171093

 

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