IslamicFinance.de

The Islamic Financial Services Board (IFSB) and the Asian Development Bank (ADB) will jointly organise a Conference on Islamic Finance for Asia: Development, Prospects and Inclusive Growth and a Roundtable Session for Regulators on 4 - 5 November 2013 in Manila, Philippines. The Conference will explore issues related to further developing Islamic finance, its current state of progress and challenges, while also seeking to create greater opportunities for interaction and cooperation. The Roundtable Session for Regulators will be organised with the aim to provide a unique opportunity for regulators to discuss and share their experiences, issues and challenges. Interested participants are welcome to register their attendance to the Conference at www.ifsb.org.

Islamic finance growth will stay strong this year, as Southeast Asia drives demand for financial products that comply with Islamic or Sharia law, debt watcher Standard & Poor's said.

But the Philippines is unlikely to benefit from this since Islamic banking remains an uncharted territory here, an official of the country's lone Islamic bank said on Monday.