24th World Islamic Banking Conference kicks off on December

Manama : The much waited financial congregation of the year - 24^th edition of WIBC – commenced on December 4, 2017, at the Kingdom of Bahrain, and has drawn about 1300 attendees representing global industry leaders, policy makers, innovators, and stakeholders.

The 24^th year of the World Islamic Banking Conference which brings together Islamic banking and finance leaders from all across the globe was flagged off on December 4^th. The three-day long forum is being held at the ART Rotana Hotel in Amwaj Islands, Kingdom of Bahrain and shall conclude on December 6^th. The prestigious gathering is being convened by Middle East Global Advisors, a Dubai-based financial intelligence platform that has emerged as the leaders in connecting industry professionals and promoting the development of knowledge-based economies in the MENASEA markets.

The conference serves as a global networking and knowledge platform for leading bankers, asset managers, policy makers, institutional investors, reputed academics and other stakeholders from across the globe. This year’s theme - Drivers of Economic Growth & Risks: Policymakers & Regulators – is in perfect sync with the current context of the rising global political and economic turbulence, especially the growing uncertainty about the banking and finance industry owing to the Global Financial Crisis of 2008-09.

Some of the key focus points of this year’s conference are the impact of Fintech and new trends in Shari’ah governance. Speaking of Fintech, the name that is all set to revolutionize the world of Financial Technology is Lil dafe, a cash/card/contact less payments app. Ganesan Kaliyan, CEO of Miralogix, the parent company of Lil dafe and Directors, Mohamed Jinna and Althaf Basha participating in WIBC 2017, sure have some valuable insights to add and gain from the conference.

Miralogix, a company currently based in Malaysia and Singapore is a Shari'ah and PCI-DSS (Payment Card Industry Data Security Standard) compliant organization. Through its product, Lil dafe, it aims to alleviate the hassles of processing and issuing payments and make online, mobile or Point-of-Sale (POS) payments a secure, transparent and chosen option for both merchants and customers. They are also the proud patent holder of the unique payment QR code for executing financial transactions.

With its well-planned agenda comprising 3 days of insightful sessions on helping the audience understand the dynamics of an industry undergoing transition, the 24^th World Islamic Banking Conference is therefore once again poised to solidify its reputation as the pole star for the global Islamic finance and banking industry.