April 3, 2014
Fajr Capital’s CEO, Iqbal Khan, and Managing Director, Javed Ahmad, attended the inaugural meeting of the Global Islamic Finance and Investment Group (IFIG) in London last week, hosted by Rt Hon Baroness Warsi.
The group was established following a commitment made at the World Islamic Economic Forum (WIEF) in October 2013. Its aim is to identify the key global opportunities and barriers facing the Islamic financial services industry, and to use the members’ extensive expertise to support growth and prosperity. The group includes Premiers, Ministers, CEOs, Central Bank Governors and regulators.
The meeting on 26 March 2014 resulted in a number of concrete steps that the group agreed to take action on:
Following the meeting, Global IFIG Chair, Baroness Warsi commented: “The global development of Islamic Finance is a huge opportunity for all of us. Interest in its potential both from within the Muslim World and outside of it demonstrates that it may be the next big thing. I’m confident that by harnessing the technical expertise, business knowledge and political influence of all our members, this group will accelerate the global growth of the Islamic Finance industry. Our ambition is to get things done.”