Troop and others at a panel discussion at Euromoney Seminars’ 13th Annual Islamic Finance Summit in London.
Senior Barwa Bank executives served as resource persons during key industry discussions at Euromoney Seminars’ 13th Annual Islamic Finance Summit held at the Marriott Grosvenor Square in London recently.
Barwa Bank group chief executive officer Steve Troop took part in the panel discussion titled “An interview with the industry’s thought leaders: reaching the next stage of Islamic finance”, while group treasurer and chief investment officer Bashar Jallad joined the dialogue on “Innovations in Islamic treasury and liquidity management: developing new methods of managing banks’ short-term funding needs”.
Also, head of capital finance Arsalaan Ahmed was in the panel that looked at Islamic capital markets in the session titled “What needs to be done to grow the recognition of sukuk as a global investment alternative?”
Troop underscored the importance of the panel discussions and said: “The UK Government’s recently announced proposal for the first Islamic sovereign sukuk outside the Muslim world is another example of the growth and increasing prominence of Islamic Finance, and discussions like these are crucial to the future development of our industry.”
“We were delighted to participate in these distinguished panels and interact with key members of the Islamic Finance Industry from across the world,” he added.
Considered as the largest event in the sector, the Islamic finance summit gathered more than 400 delegates.
Barwa Bank said the participation of its senior management was part of the firm’s “continuing commitment to play a central role in building the profile of Islamic banking, increasingly seen as a contender to conventional banking in many parts of the world.”
“The future is very positive for the Islamic finance industry. Growth rates for Shariah-compliant financial services continue to outpace those in the conventional industry, a trend that we see continuing and one that will accelerate, as the industry builds out product and service propositions that offer credible alternatives,” Troop said.