Thomson Reuters to launch The ICD-Thomson Reuters Islamic Finance Development Report 2017 & The Islamic Commercial Law Report 2018 at the 24th World Islamic Banking Conference

Groundbreaking reports to serve as barometer of performance of the Islamic Finance Industry and to provide Industry leaders with invaluable strategic insights critical to success.

Amwaj Islands, Kingdom of Bahrain, December 04 2017: Under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, The Prime Minister of the Kingdom of Bahrain, the 24th edition of The World Islamic Banking Conference (WIBC), the largest and most prestigious gathering of Islamic banking and finance leaders in the world, will serve as a platform for the exclusive launch of two reports by one of the world’s largest multinational mass media and information firms. Thomson Reuters will launch The ICD-Thomson Reuters Islamic Finance Development Report 2017 & The Islamic Commercial Law Report 2018, with the view of arming Industry leaders with pragmatic insights to help shape their organization’s strategic planning activities.

Convened by Middle East Global Advisors - a leading financial intelligence platform facilitating the development of knowledge-based economies in the MENASEA markets and in strategic partnership with the Central Bank of Bahrain, the three-day long forum will take place on December 4th, 5th & 6th at the ART Rotana Hotel in Amwaj Islands in the Kingdom of Bahrain and will spearhead a series of discussions around the theme of “Drivers of Economic Growth & Risks: Policymakers & Regulators”. This year’s edition will be inaugurated by His Excellency Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain.

Ahead of the launch of The ICD-Thomson Reuters Islamic Finance Development Report 2017, Nadim Najjar, Managing Director of Thomson Reuters in the Middle East and North Africa, said: “We have seen that the Islamic finance industry can serve as a strategic tool for policymakers for sustainable growth in order to cope with the aftermath of the economic slowdown that impacted markets such as the Middle East. Some markets had noteworthy improvements in their IFDI values when they have improved or introduced Islamic finance to fit their economic needs and attract investments like Morocco, Tunisia and Iraq.”

The ICD-Thomson Reuters Islamic Finance Development Report 2017 discusses the latest trends and key Islamic finance milestones. The report is based on the Islamic Finance Development Indicator which is a unified barometer that assesses the performance of all the parts of the Islamic finance industry, providing an in-depth industry analysis.

Meanwhile, The Islamic Commercial Law Report 2018 will for the third consecutive year, be launched by The International Shariʻah Research Academy for Islamic Finance (ISRA) and Thomson Reuters, in partnership with Islamic Research and Training Institute (IRTI). The report is a leading annual publication assessing the key issues and trends in Islamic commercial law and their impact on the Islamic finance industry. This year’s report focuses on global trends in Islamic social finance, enabling industry leaders to take stock of key trends, analyze forecasts and projections, and explore factors that are critical to their organization’s long-term growth.

While the Islamic Finance industry has shown great promise over the years, it is still far from channeling its full potential. At times like these, strategic insights in the form of intelligence reports will prove to be a welcome source of information for Industry practitioners across the globe. Since its inception 24 years ago, The World Islamic Banking Conference has been a significant contributor to enhancing growth, excellence and innovation in the global Islamic Finance and Banking industry. Time and again, the conference has proven to be an ideal launching pad for research and intelligence reports that provide strategic insights to the most pressing issues targeting the industry at large.

Key features for WIBC 2017 include: Keynote Addresses by His Excellency Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain; Alex Tapscott, CEO NextBlock Global, Co-Author of Blockchain Revolution & Founding Member, IMF’s High Level Advisory Group on Fintech; Xen Baynham- Herd, Head Of Strategy and Lead Economist – Blockchain; A conversation with a distinguished Islamic finance veteran - Adnan Ahmed Yousif, Chief Executive and President, Al Baraka Banking Group on the future course of the Islamic economy; An interview with renowned Shari'ah Scholar Sheikh Nizam Yaquby on Centralized Shariah Boards, Shariah Standardization and Fostering New Generation of Sharia Experts; Digital banking-focused Panel on harnessing digital technologies to stay relevant; The CEO Debate focused on increasing the market share and geographical footprint of Islamic banks; The Regulations Power-Table on fostering synergies among regulators, standard setters and global financial regularities authorities to further Islamic Finance; Panel discussions focusing on dynamic capital markets, sustainable, equitable & inclusive growth, potential of disruptive technologies, new horizons for Islamic finance, ESG, VAT, the effect of the recent global economic & political developments and more.

Delegates can also stay abreast of the latest updates on the programme, network and connect with other delegates and speakers through Direct Messaging, and engage in live interactive polling across all of the session via WIBC’s very own digital Mobile App – Web Connect, making for a truly immersive experience.

Delegates can also look forward to witnessing The 24th Annual World Islamic Banking Exhibition where they can exclusively network and connect on a one-to-one basis with leading industry players.

Industry leaders will also be recognized for their excellence through the WIBC Performance Awards 2017, the winners of which will be honored at the Gala Dinner on December 05. (Nominees can be viewed here: Confirmed partners at WIBC 2017 include: Kuwait Finance House (KFH), Khaleeji Commercial Bank (KHCB), Bahrain Islamic Bank (BISB), Al Salam Bank -Bahrain, Ibdar Bank, Bank ABC Islamic, Bank of Khartoum (BOK) International, Boubyan Bank, Avaya, Wahed Invest, Alvarez & Marsal, Al Baraka Banking Group, Ithmaar Bank, Thomson Reuters, Path Solutions, Grant Thornton, Labuan IBFC, Shariyah Review Bureau, Luxembourg for Finance (LFF), Oracle Financial Services, Baker McKenzie, DARKTRACE, The Benefit Company B.S.C, Infosys Finacle, Sadad, NEC Payments, Eiger Trading Advisors Ltd, G4S, Department for International Trade – British Embassy Bahrain, CBX Unit LLC, Deloitte, The District, Tejoury, DDCAP, Fitch Ratings, Crestbridge Bahrain, The Islamic Corporation for the Development of the Private Sector (ICD), Bahrain Institute of Banking & Finance (BIBF) & International Islamic Financial Market (IIFM).

To access The ICD-Thomson Reuters Islamic Finance Development Report 2017, visit:

To access The Islamic Commercial Law Report 2018, visit:

To find out more about the 24th World Islamic Banking Conference, visit:

Join the global conversation on Twitter at: @WIBC2017 #WIBC2017

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Middle East Global Advisors (MEGA) is the leading gateway connectivity and intelligence platform to Islamic finance opportunities in the rapidly developing economic region that stretches all the way from Morocco in the West to Indonesia in the East- The Middle East North Africa Southeast Asia (MENASEA) connection. For 24 years, our exclusive focus on achieving business results for the Islamic finance industry has enabled us to create significant value for the leading players in the Islamic banking, finance and investment markets.

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The World Islamic Banking Conference (WIBC) has established its reputation as the world's largest and most influential gathering of international Islamic banking and finance leaders for over two decades. With the strategic support of the Central Bank of Bahrain, the next generation WIBC will focus on transforming Islamic finance into a global proposition by facilitating strategic opportunities, addressing systematic challenges and connecting international market players and institutional investors to the industry's catalysts, thought leaders, partners and institutions.

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© Press Release 2017