Tawreeq Holdings, the world’s first provider of comprehensive Sharia-compliant Supply Chain Finance (SCF) solutions, participated in the 22nd Annual World Islamic Banking Conference 2015 held under the patronage of His Royal Highness Prince Khalifa Bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain on 1, 2 and 3 December 2015.
It was a great opportunity to meet participants from leading financial institutions across the region, share insights and discussions over the developments and outlook for the region into 2016.
Organized by Middle East Global Advisors (MEGA) and supported by the Central Bank of Bahrain, WIBC 2015 offered the platform for delegates an to share their outlook to the trends shaping the global financial services industry.
Tawreeq also participated in the Sukuk session to discuss the outlook for the market after the developments seen in 2015.
Mark Smyth, Tawreeq Holdings Chief Investment Officer, spoke during the sukuk session sharing his insights over the developments in the market. “The sharp drop in 2015 sukuk issuance was a key concern of the session. Smyth suggested that the contributing factors were the pull-back in Malaysian sovereign issues, which as a major issuer effected global totals; the anticipation of a rising U.S. interest rates; and the generally difficult market for fixed income securities.
The WIBC highlighted the developments and outlook for the industry and was a great opportunity for us to share our insights and outlook for the economy, and especially concerning the SME sector amid the rapid changes affecting the market and the Islamic Finance sector.