With assets estimated at about $950 billion in 2009 and more than 200 institutions around the world, Islamic banks and financial institutions are becoming an emerging force in the banking industry in many countries. Nonetheless, the industry is still in a transitional phase and needs to move into a new development phase to be able to play a larger role in funding growth and economic development around the region and in other Islamic countries. However, the issue of Islamic banks\u2019 contribution to the sustainable economic development is not the only issue that has been recurring in the debate. Other issues such as legal consistency, innovation, accounting standards and adequate regulatory framework highlight the transitional nature of the industry and the need for candid debate about its prospects and constraints.<\/p>\n
Special Formula:<\/strong>The Beirut Islamic Financial Institutions Forum 2010 will focus on the following topics: With assets estimated at about $950 billion in 2009 and more than 200 institutions around the world, Islamic banks and financial institutions are becoming an emerging force in the banking industry in many countries.<\/p>\n","protected":false},"featured_media":556287,"template":"","tags":[],"class_list":["post-4497","directory","type-directory","status-publish","has-post-thumbnail","hentry","category-seminars-and-lectures"],"yoast_head":"\n
– Islamic banking from the regulators perspective :: .
– Islamic banking from a macro-economic and social perspective :: .
– The challenge of unifying and harmonizing Islamic legislations :: .
– Potential conflicts of law and Sharia :: .
– CEO insights :: .
– The challenge of compliance to Islamic and international accounting standards :: .
– The challenge of innovation. <\/p>\n","protected":false},"excerpt":{"rendered":"