First Islamic Finance Conference (FIFC) was held in Doha On 21-22 October, 2010 under the patronage of H. E. Hamad bin Jassim bin Jaber Al Thani Prime Minister and Foreign Minister of the State of Qatar. The Conference was organized by â€˜Bait Al Mashura Financial Consultingâ€™, renowned financial company. Bosna Bank International (BBI) was represented at this conference.
FIFC gathered some of the most prominent world experts in the field of Islamic banking and finance from countries and regions as diverse as USA, Europe and Asia.
The Conference debated the latest challenges and chances for the Islamic finance and banking industry. Papers presented at the conference elaborated topics of both theoretical and practical nature and pointed to the importance of this rising trend in the financial industry. The conference had an ambitious goal to present the Islamic finance as a serious and viable alternative to the conventional banking system prevalent around the world.
The conference analyzed contemporary applications of Islamic finance in modern and innovative ways and the challenges for Islamic financial industry in the context of conventional economy. Modalities of economic cooperation and support to the Islamic financial industry and positioning of the Islamic financial industry and banking on the global level were also subject of discussions at this conference. Important part of the conference was dedicated to topics such as ethical and corporate social responsibility of the Islamic finance system. In addition, a special seminar was convened for the ambassadors and other senior diplomats of foreign missions accredited in Doha. This seminar provided instructions regarding basic aspects of the Islamic finance industry.
Bosna Bank International (BBI), as a unique Islamic bank in the region, whose representatives participated in the FIFC, stands as a good example of practical possibility
of alternative banking parallel to the conventional banking system. Presence of Barwa Bank, Qatari Diar, Doha Islamic and Masraf Al Rayan and other powerful and successful financial corporations at the conference as major sponsors of the event in Doha is indicative of the increasing prominence of Islamic banking in the State of Qatar and elsewhere in the world.