In October 2018, Reuters, along with The Qatar Financial Centre, hosted ‘The Islamic Finance Debate - Where are we in 2018?’ in Bali, Indonesia.
Islamic Finance is booming. It is estimated that by 2022, its total value will be worth over $3 trillion, up from $2.6 trillion in 2017. Its growth in recent years has been propelled by a focus on the potential benefits it offers—but it is also facing some key challenges.
The high-level breakfast discussion brought together a panel of experts including Mr. Joaquim Levy, Managing Director and World Bank Group CFO, Dr. Bello Lawal Danbatta, Secretary-General, Islamic Financial Services Board, Mr. Luky Alfirman, Director of Islamic Financing, Ministry of Finance, Indonesia and Dr. Mohamed Damak, Senior Director & Global Head of Islamic Finance, S&P Global Ratings.
Moderated by Bernardo Vizcaino, Chief Correspondent, Islamic Finance at Reuters, the panellists discussed the key challenges and opportunities facing Islamic Finance, including governance & compliance, green & sustainable finance, fintech, financial inclusion and capital mobilisation.
Watch the full highlights: