Malaysia to bring 'takaful' to financial hub London
Thursday, October 4, 2007
THE Islamic Banking and Finance Institute Malaysia (IBFIM) is organising the International Takaful Summit which will be held in London on November 1 and 2 this year.
Deputy Finance Minister Datuk Awg Adek Hussin and Bank Negara Malaysia's deputy governor Datuk Zamani Abdul Ghani will deliver the keynote addresses besides other addresses by dignitaries from the United Kingdom and the Middle East, IBFIM said.
"The global takaful (Islamic insurance) industry has recorded an impressive growth estimated at 20 per cent for the past few years with contributions expected to reach US$7 billion by 2015," said IBFIM chief executive officer Datuk Dr Adnan Alias.
"This would definitely create interest for large insurance and takaful companies in getting a piece of the pie," he said.
IBFIM said the summit is part of its agenda to deliver knowledge and create awareness on Islamic finance internationally together with the Malaysia International Islamic Financial Centre.
It said in a statement that the event, with presentations on the latest developments at the strategic, operational and regulatory levels, will also serve as a forum for the advancement of knowledge on takaful and re-takaful.
Adnan said the summit's theme "Global Partnership, Raising Standards and Creating Values" reflected the dynamic pace of takaful growth.
Bernama
Deputy Finance Minister Datuk Awg Adek Hussin and Bank Negara Malaysia's deputy governor Datuk Zamani Abdul Ghani will deliver the keynote addresses besides other addresses by dignitaries from the United Kingdom and the Middle East, IBFIM said.
"The global takaful (Islamic insurance) industry has recorded an impressive growth estimated at 20 per cent for the past few years with contributions expected to reach US$7 billion by 2015," said IBFIM chief executive officer Datuk Dr Adnan Alias.
"This would definitely create interest for large insurance and takaful companies in getting a piece of the pie," he said.
IBFIM said the summit is part of its agenda to deliver knowledge and create awareness on Islamic finance internationally together with the Malaysia International Islamic Financial Centre.
It said in a statement that the event, with presentations on the latest developments at the strategic, operational and regulatory levels, will also serve as a forum for the advancement of knowledge on takaful and re-takaful.
Adnan said the summit's theme "Global Partnership, Raising Standards and Creating Values" reflected the dynamic pace of takaful growth.
Bernama
Business Besides Oil
