Asia House Middle East Programme: Briefing explores Islamic finance sector

Asia House Middle East Programme: Briefing explores Islamic finance sector

07/03/18

Members of Asia House’s network were briefed on the rapidly growing Islamic finance sector on Wednesday by the Chief Executive Officer of Standard Chartered Saadiq, Rehan M. Shaikh.

The Islamic finance industry is estimated to be worth US$ 3.8 trillion by 2022, with Islamic banking expected to grow 1.5 times between 2016 and 2022. The opportunities arising from this growth, and the latest developments in the sector, formed the basis of the exclusive briefing.

Rehan is responsible for driving the growth of Standard Chartered Saadiq – the Global Islamic Banking business of Standard Chartered Bank – across its key markets, both in the Middle East and elsewhere such as Malaysia, Indonesia, Pakistan and Bangladesh.

In an insightful briefing, he discussed efforts to bring the global standardisation to the Islamic finance, its role in the Belt and Road Initiative, and the increasing importance of technology.

Ahsan Ali, the Managing Director & Head of Islamic Origination at Standard Chartered Bank, also joined the discussion. He is responsible for the global Islamic Corporate & Institutional Banking business at Standard Chartered Bank.

The exclusive briefing, chaired by Charlie Humphreys, Director of Corporate Affairs at Asia House, was the second in the Asia House Middle East Programme – a series of private briefings, public events and research activity exploring the Middle East’s role in the global economy and its relationships with Asia and the West.

As with all Asia House briefings, the event aimed at providing unique and informed insights and analysis to members of the Asia House network.

For more information about corporate membership at Asia House, please contact Aini Abdullah, Business and Policy Programme Assistant: aini.abdullah@asiahouse.co.uk

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