Need to develop 'effective Islamic funds system'

In the Islamic funds market there is a need to build a system that can facilitate effective and efficient capital and trading flows, said an expert ahead of the upcoming 'World Islamic Funds and Financial Markets Conference' (WIFFMC) in Bahrain.

The annual conference will be held under the theme 'Broadening the Base of Investors and Issuers: New Strategic Insights on Boosting the International Growth of Islamic Capital Markets and Investments,' at the Gulf Hotel on May 27 and 28 in an event supported by the Central Bank of Bahrain, reported the Gulf Daily News, our sister publication.

The summit, this year, will focus discussions on overcoming the challenges facing the Islamic asset management industry and will analyse key initiatives that need to be taken to broaden the international base of Islamic investments, it added.

Read more: http://www.tradearabia.com/news/BANK_232727.html