It is expected that The Deputy Prime Minister and Finance Minister Anwar Ibrahim, former Malaysian, call the President at the opening of the Global Islamic Finance Forum in Dubai, to be held at the Jumeirah Beach Hotel. The focus of Anwar Ibrahim in his speech under the rubric of innovation in the new structures Islamic banking to Islamic banking must deal with the economic growth and investment transaction equivalent to dealing with the principles of justice and legality and equality, which defines the purposes of the Shariah, and that if the right commitment to Islamic law.

The purposes of Shariah, known as the Millennium Assembly, which seeks to achieve the Shariah in the lives of people. And release as well as the objectives for which began to achieve each specific provision, and can be summarized five things are keeping religion and self-preservation and conservation of the mind and the preservation of family planning and keeping money. If we look at the purposes of the financial aspect of the Sharia, the Zakat must be taken into account an important element in Islamic banking. If the broader and more comprehensive view, we found that the Islamic banking should be a supportive and solid ground contribute to the establishment of those principles.

Anwar Ibrahim commented on the Islamic banking sector is witnessing the growth of saying: “Islamic banking is witnessing rapid developments in the past three years can be described Balhailp, has generated a wide range of banking products compliant with sharia products ranging from banking products for individuals and project financing. This sector also witnessed developing a presence in the capital markets at a time when the financial institutions dealing with issues of institutional governance and standards of the claims. ”

However, the Islamic Sharia and the welcoming of a capacity to cope with temporal and spatial changes can be a means to achieve economic growth and increased capital investment, but at the same time adhering to the principles of justice and equality.
The Anwar Ibrahim, saying: “We must be shaped by the basic objectives of the law, which defines the purposes, in a clear picture at the general application of the law, just as the clear highlight in the development of aspects of Islamic banking itself.”

It is scheduled to speak at the Forum, more than fifty of the most prominent experts in Islamic banking from the region and the world, including Issa Abdul Fattah Kazim, Chairman of Dubai Financial Market, which will deliver a lecture on the Dubai Financial Market’s first Islamic stock market in the world, highlighting the role of capital markets in the growth of Islamic banking and development.

The Forum will address each include amongst others, Michael, head of the investment companies and banks to the Financial Services Authority, United Kingdom, and Faten Hani, Head of Education at the Dubai International Financial Center, and Khawaja Mohammad Salman Younis, Managing Director, Kuwait Finance House - Malaysia, Hussein Hassan, Vice - President of the Global Market, Deutsche Bank, UAE, Dr. Hussain Hamid Hassan, Chairman of the Committee of the Fatwa and Shari’a Supervision, Dubai Islamic Bank, Sheikh Nizam Yacoubi from Bahrain.

Provides IIFF this year’s awards will honor the high level of excellence in the field of Islamic banking, and real rewards the contributions of the most important developments in the Islamic financial sector. And this year’s awards were divided into three categories, namely the continuous achievements in the development of Islamic banking and continuing contributions to the promotion of Islamic banking and appreciation of the global Islamic banking. The winners will be honored during a dinner by the light of the consulting firm on the second of April.

Banking and Finance
Islamic banking