Leveraging on Islamic Finance for Sustainability, Innovation and Economic Development

The Islamic financial service industry has witnessed dynamic growth in the last decades. In the last 10 years, the industry has been doubling in size almost every 5 years. This growth trend will continue with a boost of interest from non-traditional Islamic finance markets, being at the forefront of introducing and developing Islamic financial services in their markets. Recent developments at the International Monetary Fund (IMF), ensuring financial stability in countries with Islamic Banking being systematically important, is yet another development milestone for the industry.

The General Council for Islamic Banks and Financial Institutions (CIBAFI) expects that the Islamic financial service industry will reach a size of $4 trillion by the end of 2020.

The 4th Mediterranean Islamic Finance Forum will be held in Barcelona, hosting a large audience of industry leaders seeking to take advantage of the high-growth prospects of Islamic finance across the Mediterranean. In this 4th edition, the Forum will examine how Islamic finance can play a key role in Mediterranean markets and will shed light on the potential areas of growth and the challenges for Islamic finance including Islamic banks, Takaful, and Sukuk. The forum also provides a strategic perspective to unlock a broader potential of Islamic finance and tap opportunities in the Mediterranean region. Also, the Forum will bring together a grand range of experts and industry practitioners to share their insights, thoughts, and innovative strategies.

21st November 2019


Co-organised with:


9:00 – 9:15


9:15 – 10:30

Daurat Room

Official Opening of the Second Day of MedaWeek Barcelona 2019 and the Mediterranean Islamic Finance Forum

In this 5th Edition, the Mediterranean Islamic Finance Forum will examine how can Islamic Finance can be an opportunity for the Mediterranean countries. The Forum will offer a perfect networking platform for regulators, industry practitioners, business leaders and Shariah scholars to share their views and experience. This is a unique gathering in the city of Barcelona about Islamic Finance and Banking with a direct focus on the Mediterranean region.
Joan Canadell

President, Barcelona Chamber of Commerce

Ahmed M. El Wakil

President, ASCAME

Anwar Zibaoui

General Coordinator, ASCAME & MedaWeek Barcelona

Aziz Rabbah

Minister of Energy, Mines and Sustainable Development, Kingdom of Morocco

Teresa Ribera (TBC)

Minister of Energy Transition and Environment, Government of Spain

Damià Calvet i Valera

Minister of Territory and Sustainability, Government of Catalonia

Mastrojeni Grammenos (TBC)

Senior Deputy Secretary General, Energy and Climate Action, Union for the Mediterranean (UfM)

Josep Canals

Secretary General, MedCities

Houda Allal

General Director, Mediterranean Energy Observatory (OME)

AbdulHameed Aboumossa

Deputy Chairman / Governor, General Council for Islamic Banks And Financial Institutions (CIBAFI)

Keynote Speech

Salaheddine Mezouar

President, COP22

10:30 – 11:00

Coffee Break

11:00 – 12:30

Ple Room

Session 1: Islamic Finance in the Mediterranean & Africa: overview, analysis and emerging trends in the sector

With growing interests and high-growth prospects for Islamic finance across both traditional and non-traditional markets in Europe, Africa, and Asia, the Mediterranean region, in particular, may take the opportunity to gain momentum of this global trend. Islamic finance, with its primary objective being the promotion of economic prosperity and human welfare, may play a vital role in further economic development and fostering prosperity in the Mediterranean region.
  • Overview of the opportunities and challenges for Islamic finance in the Mediterranean & Africa.
  • The catalyst of a regulatory framework on sustainable development of Islamic finance in the Mediterranean & Africa.
  • Islamic Banking in the region: Strengthening competitiveness and leading practices.
Iyad Asali

General Manager, Islamic International Arab Bank

Mohammad Mahbub-Ul-Alam

Managing Director & Chief Executive Officer, Islami Bank Bangladesh Limited

Hurriyah El Islamy

Executive Board, Hajj Pilgrims Funds Management Agency

Marcos Eguiguren

Executive Director, Global Alliance for Banking on Values

Mohamed Taya

Executive Director, Banque Al Wava Mauritanienne Islamique

Gonzalo Rodríguez

General Coordinator, Saudi-Spanish Center for Islamic Economics and Finance (SCIEF)

12:30 – 14:00

Ple Room

Session 2: Exploring the future of Islamic Banking through Innovation and strategic regional & international positioning

Islamic finance is a way of bringing together different Mediterranean actors, allowing them to benefit from untapped financial resources. It is also a way to access the business community of the Gulf countries. This session will introduce a wide banking network with practices such as Takaful and Sukuk, digital development and unique branding strategies.
    • Exploring the potential of Sukuk in the Mediterranean: Market requirements and the key areas of Sukuk investments.
    • Branding of Islamic finance: brand strategies to tackle challenges in marketing Islamic financial services.
    • Financial technology and innovation: Islamic fintech, crowdfunding and Islamic start-ups, opportunities and challenges.
    • Strategies to empower women roles in the development of Islamic finance.
Henry MacNevin

Associate Managing Director Banking EMEA, Moody's Investors Service

Ahcene Lahsasna

Chief Executive Officer, Salihin Shariah Advisory Services Sdn Bhd

Gonzalo Rodríguez

General Coordinator, Saudi-Spanish Center for Islamic Economics and Finance (SCIEF)

Mohammed Kateeb

Group Chairman and Chief Executive Officer, Path Solutions

Ronald Rulindo

Director of Product Innovation, Market Deepening & Financial System Infrastructure Development, National Sharia Finance Committee

Javier Aguilar Guindulain

CEO & Founder, KingEClient

14:00 – 15:00

Lunch Break & Networking

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