International Forum of Islamic Banks and Financial Institutions

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Amman, Jordan –June 27-28 2012 General Council for Islamic Banks and Financial Institutions (CIBAFI – Bahrain) and jointly with Strategy for Business Development – Jordan will hold The First Islamic Forum of Islamic Banks and Financial Institutions under the title (Horizons of Islamic Finance).

The local and regional banking landscape is witnessing significant developments with respect to Islamic banking operations. These developments are in the form of establishing new Islamic banks; transforming traditional banks into Islamic banks; opening Islamic branches for traditional or Islamic banks; and providing Islamic banking services by international organizations. In spite of such developments at the Islamic banking sector, Islamic banks still face several challenges, and there is still much work to be done to develop operational systems, use technology, and create new local and international financial tools in order to meet the increasing needs of clients and compete with traditional banking sector at local and international market