| Time: |
| September 25, 2011, 9 a.m. - 1 p.m. |
| Venue: |
| The World Bank Headquarters, J B1-080 |
| Speakers: |
| IFSB, IMF, HSBC, ABG, Fajr Capital, WBG |
| Participants: |
| World Bank-IMF Annual Meetings attendees |
| Agenda |
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As part of the 2011 World Bank-IMF Annual Meetings, the World Bank is organizing a Seminar entitled, The Role of Sukuk (Islamic Bonds) in Development. The Seminar will bring together policy-makers, standard-setters, market practitioners, and the World Bank and IMF senior officials to discuss how best to unlock the potential of sukuk markets in support of growth and development.
In recent years, the Islamic finance industry has grown rapidly, at more than 15% per annum. Despite its remarkable growth, Islamic finance is still largely concentrated in the banking business. In many countries with a significant Islamic finance industry, markets for Islamic bonds (Sukuk) are still relatively small and underdeveloped. Well-developed Sukuk markets would help enhance access to financial services, deepen capital markets and create alternative investment instruments for Islamic populations.
Key questions to be addressed include:| • What are the potential benefits of Sukuk markets? How can these markets contribute to growth and development in Muslim countries? | ||
| • What are the main policy and institutional requirements for the development of Sukuk markets? | ||
| • What needs to be done to unlock the potential of the market? | ||
| • What are the practical issues relating to the structuring of Sukuk issues? |
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