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McKinsey report on Islamic finance industry set for launch

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Points of Esence:

  • McKinsey will launch its Competitiveness Report on the Islamic Financial Industry to coincide will the 15th Annual World Islamic Banking Conference in Bahrain next month. The report will highlight the recent developments in Islamic finance, including growth and performance, the challenges and opportunities facing the industry in the context of the current economic climate and their implications on business models.

MANAMA: The challenges facing the Islamic finance industry will be highlighted in a report to be launched next month.

The McKinsey Competitiveness Report on the Islamic finance industry will be unveiled at the 15th Annual World Islamic Banking Conference (WIBC).

It will be held from November 23 to 25 at the Gulf Hotel.

This original research project, conducted annually by McKinsey & Company, is now in its fifth year of providing new analysis on the growth and performance of the Islamic banking sector.

Competitiveness Report will highlight the recent developments in Islamic finance, including growth and performance, the challenges and opportunities facing the industry in the context of the current economic climate and their implications on business models.

“We have conducted a deep research into key business segments, including sukuk, takaful, Islamic wealth management and asset management, as well as retail banking, where we discuss the trends, growth drivers, as well as the characteristics of winning business models and offerings,” said McKinsey & Company partner Ozgur Tanrikulu.

“Most importantly what is unique this year is that we have met a number of leaders of major financial institutions, both in the GCC and Asia, and we will be sharing their perspectives on the industry in the Competitiveness Report.”

The launch of the 2008/09 report at the WIBC executive briefing will be led by Mr Tanrikulu and McKinsey & Company associate principal Amer Afiouni.

The launch of the report will be an opportunity to examine established and potential growth markets, identify major high-potential segments, and grasp an in-depth overview of the competitive landscape.

The workshop format will also offer an invaluable platform to discuss the findings of a series of interviews with key decision-makers in the industry.

More than 1,000 delegates from 45 countries are expected to attend the WIBC, the world’s largest gathering of Islamic finance leaders.

Source: http://www.gulf-daily-news.com

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Written by Suapi Shaffaii

October 29, 2008 at 3:44 pm

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