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H.E. Ahmed Osman
Central Bank of Djibouti
"Djibouti has exciting plans to transform its economy through an ambitious strategic plan: Djibouti 2035, which is based on the 4 key pillars of good governance; private sector led diversification; human capital development in the areas of education and health; and leading the way in strengthening regional integration. The strategically located country on the Horn of Africa already has one of the highest economic growth rates on the continent, with 7% forecast for 2015, and has successfully built the biggest port on the eastern coast while further pursuing its vision of becoming the logistics and commercial hub for the whole of East Africa. Djibouti is already well placed as the shipment port for Ethiopia, the second most populous nation in Africa, and recently concluded a US$2 bn power link that supplies 70% of Djibouti’s electricity needs. Djibouti is also rapidly becoming an important hub for Islamic finance in Africa, with strong support coming from the very top from H.E. Ismail Omar Guelleh, the President and Head of Government of the Republic of Djibouti and, in less than a decade, Islamic banks have captured a significant share of the market and are providing better access to financing. The Central Bank of Djibouti is leading the way in terms of driving the practical legal and regulatory framework and Djibouti’s strong commitment to Islamic finance is further cemented by its drive to connect with the broader world of Islamic finance as evidenced by the country recently securing membership of both the Islamic Financial Services Board (IFSB), and the General Council for Islamic Banks and Financial Institutions (CIBAFI). Djibouti is well placed to be an exciting growth hub for Islamic finance in Africa over the next few years."
Abdul Rahman M. Al-Baker
Executive Director - Financial Institutions Supervision
Central Bank of Bahrain
“The asset management industry is poised to enter an exciting stage in its evolution in the GCC region. The shape of the wealth and asset management sectors in the GCC is unique and the last two decades have conﬁrmed the region’s position as an important ﬁnancial hub for wealth and asset management, as well as a key trading centre connecting East and West. Indeed, the ﬁnancial services industry has made significant contributions to the impressive economic growth rates across the GCC.
However, global economic headwinds, created by uncertainties in China and the decline in oil prices, are challenging the international asset management industry to respond to this changing investment landscape. Nevertheless, positive prospects continue to attract capital to the region in search of hig-quality investment opportunities. Bahrain is already the Gulf’s most established fund distribution centre and is an internationally recognized ﬁnancial hub, with the ﬁnancial services sector in Bahrain being not only the largest sector of the non-oil economy but also the largest employer.
Against this dynamic backdrop, the Middle East Asset Management Forum (MEAMF 2016), is being launched under the patronage of the Central Bank of Bahrain and with the support of the Bahrain Asset Managers Association. Combining a highly innovative and interactive format with world-class speakers and more than 200 international delegates, MEAMF 2016 will tackle the most pressing questions that will drive the ongoing progress of the asset management industry across the dynamic markets in this region. The Middle East Asset Management Forum (MEAMF 2016) will take place on the 30th & 31st of May 2016 at the Gulf Hotel in the Kingdom of Bahrain, under the theme The Road Ahead in the MENA Investment Industry.”
Chief Executive Officer
The International Islamic Financial Market (IIFM)
"The role of standard-setting bodies, such as the IIFM, is key in the ongoing successful international development of the Islamic financial services industry. IIFM plays an enabling role in market unification by developing best practices at the global level and achieving harmonization through its efforts to create a robust, transparent and efficient Islamic finance industry. The Islamic Banking & Investment: Asia/Middle East Congress 2016 presents a high-profile platform for IIFM to communicate new developments and we look forward providing briefing on technical aspects of Islamic hedging and liquidity management standards to the industry leaders from across Asia and the Middle East."
Admassu Yilma Tadesse
President and Chief Executive
“Djibouti has a bright future as a blue ocean economy and major hub for services, not only transportation and logistics, but others such as banking and finance, notably Islamic finance, for which there is much and growing demand in the region. With robust economic growth and increased demand for finance in Africa, and given the growth of Islamic finance internationally, Djibouti's positioning presents an attractive opportunity for the development of a significant centre for banking and Islamic finance, especially considering the gaps in financial intermediation in the immediate region. Realizing this potential will of course require a strong institutional framework and enabling macro-economy, as well as suitable incentives and smart public-private partnerships".