Al Baraka Banking Group BSC (ABG), the leading banking group based in Bahrain sponsors the 19th World Conference on Islamic Banking (WIBC) with the level of Partner Islamic Group. The conference start its activities in the Kingdom of Bahrain under the slogan “Islamic Finance: Adapting to the New Dynamics of Global Finance". The Conference, hosted by the Kingdom of Bahrain on a yearly bases, is one of the major events, which Al Baraka Banking Group is keen to participate in, because it has become an important platform brings together all those interested in Islamic financial industry from scholars, bankers and government officials to discuss vital issues and developments belong to this industry. It thus provides a suitable ground to address the challenges faced by Islamic banks, and to identify new opportunities in all global markets, the issue which the Islamic banking industry is needed now at a time it become an important figure in the financial markets. Al Baraka Banking Group is keen to support everything that serves the booming banking and financial industry in the Kingdom of Bahrain, especially as the Kingdom become hub for Islamic banking in the region and the world. The Competitiveness Report of World Islamic Banks 2012/2013 is scheduled for release officially during the conference. The report was prepared in collaboration with the international consultancy firm Ernst & Young. The meeting agenda includes several important sessions, notably the session "growth strategies: adapting to global markets variables", where Mr. Adnan Ahmed Yousif, Chief Executive of Al Baraka Banking Group will present paper on "New Horizons for Productive Financing Through “Istisnaa Hedging" of Musharakah - a Strategic Vision. " The paper included a new vision for the possibility of presenting Al Musharaka system in the profit and loss as one of the methods and forms of Islamic investments offered as an alternative to investment style based on usury and supplement to what currently applied methods prevailed in the trial of Islamic banking over the past decades. On this occasion, Mr. Adnan Ahmed Yousif, President and Chief Executive of Al Baraka Banking Group said that the Group have the honor to sponsor the 19th World Conference on Islamic Banking, and to participate in its activities, especially as it discusses the most important issues facing the banking industry, and related issues, such as the extent of relation between financial and banking crisis and real economic sectors with a focus on the importance of promoting inter-Arab investments in the light of lessons learned from the crisis, which the world banking has been passed. Key Arab, Islamic and International figures from banks and governments such as ministers of economy and trade, governors of central banks and heads of economic and financial organizations and associations as well as businessmen, investors, economists and others participate in the conference.
