Third Working Committee Meeting for the Organization of Islamic Conferences (OIC) Member States Stock Exchanges Forum Wednesday, 28 April 2010
Abu Dhabi Securities Exchange (ADX) is hosting this year the Third Working Committee Meeting for the Organization of Islamic Conference’s (OIC) Member States’ Stock Exchanges Forum taking place from April 27th to 28th in the capital Abu Dhabi.
The annual event is dedicated this year to discuss the Islamic financial instruments tradable on exchanges and other liquidity management financial instruments as well as the Islamic Repo and the collateralization possibilities, the creation of an OIC index and awareness and investor education about Islamic financial markets.
The meeting includes presentations, speeches and workshops by a number prominent figures including Mr. Huseyin Erkan, Istanbul Stock Exchange’s (ISE) Chairman and Chief Executive Officer and chairman of the Working Committee, Mr. Jonathan Cooper, Managing Director for FTSE Middle East and Africa, Mr. Rodney Fernandes, Standard and Poors’ Vice President for EMEA region, Mr. Jim Leggate and Mr. Richard Souri from MSCI.
“Hosting this annual event in Abu Dhabi this year reflects our efforts to become one of the region’s financial hubs and the ever-growing importance of Islamic finance giving the increasing popularity for Islamic financial instruments, especially sukoks in the recent years,” commented Rashed Al Baloushi, ADX’s Deputy Chief Executive.
“Some of the issues being discussed in this year’s meeting are of paramount importance to us, especially the establishment of an OIC index as well as the methods for enhancing investor awareness and knowledge about the Islamic financial world,” he added.