Annual World Islamic Banking Conference: Asia Summit 2012

Convened under the official support of the Monetary Authority of Singapore, WIBC Asia 2011 witnessed a record gathering of 469 international industry leaders representing over 240 leading international and regional organizations. This tremendous year-on-year growth and the overall success of WIBC Asia 2011 further confirmed the importance of this high-profile event in shaping the future of the Islamic banking and finance industry in Asia.

The industry leaders gathered at WIBC Asia 2011 were of the opinion that Asia Pacific is becoming an increasingly attractive destination for investments that are Shari'ah compliant. To reap the full benefit of the region's rapid expansion and robust development, there is a need to press on towards achieving global connectivity and deepening economic cooperation with other key centres for Islamic finance. In order to better facilitate cross-border relationships, more intensive international co-ordination of regulatory approaches and supervisory oversights is needed.