There is no doubt that Islamic finance is maturing into a global phenomenon with increasing appetite for Islamic instruments and deal structures in international capital markets, corporate loans and asset finance.
Estimates reveal that there has been dramatic growth in the Islamic corporate finance industry and many experts believe that this growth will continue to flourish as major economies in the Middle East and Asia, which are the major markets for Islamic finance, continue to expand even against the backdrop of global economic uncertainty.
Though Islamic finance has been emerging as a viable corporate finance alternative, which is highlighted by several recent landmark transactions regionally and globally, the Sharia-compliant corporate finance market has not yet realised its full potential.
Its value proposition has not been fully communicated to its corporate client base.
“It is essential that there must be further refinements and innovations brought into the industry to fully realise the growth potential for Islamic corporate finance and meet the growing and often complex needs of corporate borrowers,” said second annual International Summit on Islamic Corporate Finance (ICFS 2012) organiser David Mclean.
“To achieve success for borrowers and lenders, it is critical to engage all key components in the deal-making value chain – the corporate borrowers and bankers – in focused dialogues to develop long-term successful business relationships,” he added.
The summit in Abu Dhabi on September 25 will be held under the theme “Boosting Deal Flow in Islamic Syndicated Lending, Trade Finance, Corporate Sukuk and Project Finance to Meet the Needs of Corporate Borrowers”.
It will create an ideal platform to bring key components of the deal-making value chain together – corporate banking leaders, both Islamic and conventional, and corporate end-users of these services – to ensure the objectives of both are achieved. ICFS 2012 will provide in-depth interactive discussions and high-profile networking opportunities to create the most productive and results-orientated environment.