THE 2ND ANNUAL WORLD TAKAFUL CONFERENCE TO ADDRESS DELIVERING ON HUGE MARKET POTENTIAL SALAMA

April 2007, DubaiBringing together the elite of the global Islamic insurance industry, the World Takaful Conference (WTC) in the Grand Hyatt on 9 and 10th April 2007 will focus on how Takaful operators can put in place strategies to accelerate growth.

Salama Islamic Arab Insurance Co. and HSBC Amanah have stepped in as platinum sponsors of the WTC, which is being hosted in strategic partnership with the Dubai International Financial Centre (DIFC).

The Opening Keynote address will be delivered by Nasser Al Shaali, Chief Executive Officer of the Dubai International Financial Centre Authority (DIFCA), who will speak on “Assessing Growth, Internationalisation and Market Potential: What are the Opportunities and Challenges ?”

Parvaiz Siddiq, General Manager of Salama, said “Salama - the largest Takaful and Re-Takaful company - sees the WTC as an important forum in which to shape the youthful Takaful industry. It provides an opportunity for Takaful experts, insurance experts, Islamic scholars and business people to come together to discuss developments taking place in the industry as whole as well as trends specific to their regions and countries. WTC is an international event and Salama is proud to be associated with it.”

With huge growth in the Islamic insurance industry and the increasing interest of conventional insurance players and major banks in the sector, the 2nd annual conference promises to be even more influential in charting the future direction of the industry.
"Takaful business has witnessed phenomenal growth in recent years with the entry of a number of new companies in wide spread geographies. Early recognition of this growth potential at HSBC has helped us develop Takaful in conjunction with HSBC Amanah's Islamic Banking initiatives and support its development globally," commented Mohammed Muqeem, Senior Manager – Global Takaful Operations at HSBC Amanah.

The event will be addressed by a distinguished faculty of speakers and panellists including leaders of international and regional institutions such as Dubai international Financial Centre (DIFC); Salama Islamic Arab Insurance Company; HSBC Amanah; Takaful Re; Ernst & Young; British Islamic Insurance Holdings; Abu Dhabi National Takaful Company; AIG Takaful; Calyx Financial; Solidarity; Norton Rose; Amana Takaful Insurance; Sheikhan Insurance & Reinsurance Co. Ltd; Standard & Poor’s; Dubai Financial Services Authority; Syarikat Takaful Malaysia Berhad; Takaful Pakistan Limited; Abu Dhabi Islamic Bank & Scottish Re.

The structure of the conference enables high quality discussion and delegate interaction through a series of panel sessions that focus on emerging growth opportunities, new business models, regulatory frameworks, and product innovation in the dynamic international Islamic Insurance & Re-Insurance market.
The conference will tackle key issues on Scoping the Regulatory & Legal Environment for a Successful International Takaful Industry, Seizing the Growth Imperative: How Can Takaful Operators Capture Growth Potential?, Takaful Product Innovation as a Key to Tapping New Growth Opportunities, The Shari’ah & Business Open Forum, Capturing Growth Opportunities in Key Takaful Product Segments: Assessing the Future Outlook for Life, Pension, & Health Products, Bancassurance & Takaful: Are There Real Distribution Synergies for Leveraging Your Client Base?, Re-Takaful & Risk: Assessing the Re-insurer’s Role in the Takaful Industry, International Financial Principles and Takaful Operators – Challenges Ahead & Alternative Risk Transfer & Securitisation Developments.
For more information about The World Takaful Conference visit www.megaevents.net/wtc.
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For further information, please contact:
Zainab Hasan
Marketing & Media Manager
Middle East Global Advisors (MEGA)
Tel: +9714 3431200
Email: zainab@megaevents.net