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Abu Dhabi to host International Islamic Finance Congress

ABU DHABI - International, regional and local financiers and bankers will gather in Abu Dhabi for the International Islamic Finance Congress to be held from November 19 ? 22, 2007 at the InterContinental Hotel.

This event will be the first of its kind in Abu Dhabi and is supported by the Abu Dhabi Chamber of Commerce and Industry. It will be of primary interest to CEO?s, CFO?s, COO?s, Regulators, Retail Bankers, Fund/Asset Managers, Investment Bankers, Corporate Bankers, Analysts, Bond Managers, Lawyers, and Insurance Experts with interests in Islamic Finance.

This event 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 eighteen 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 being named the richest city in the world and experiencing vast development in all aspects.

With such a swift growth rate, several difficulties concerning skills, standardization and costs of Islamic Finance need to be addressed for further development to occur.

This event will offer interested parties, particularly in Abu Dhabi, the opportunity to learn from experts addressing these critical issues. In particular, speakers will cover the latest developments in Shariah compliancy with regards to products and its influence on investment, the future growth of Islamic banking and how this will impact the requirements for diversifying economies.

The important factors and their complications in Islamic investment funds, Islamic project finance, Islamic retail banking, Sukuk and Takaful and progress towards uniformity in Islamic finance standards and how that will benefit international market growth.

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.

Provided by the Islamic Advisory Group, these highly practical workshops will focus on the Essentials of Islamic finance, Islamic finance risk management, Liquidity management and the Essentials of Sukuk.