OREANDA-NEWS. October 29, 2009. The International Bank of Azerbaijan (IBA) accepted the official invitation to participate in The World Islamic Banking Conference (WIBC) internationally recognized as the largest and most significant gathering of Islamic banking and finance leaders anywhere in the world. More the 1200 market leaders from 50 countries will gather to discuss perspectives of Islamic Banking and Finance in the world. The 16th Annual WIBC will be held on the 6-8th of December 2009 in Bahrain, reported the press-centre of IBA.

The conference will take the form of a dynamic and interactive discussion of the strategic challenges facing the leadership of Islamic financial institutions. Among important subjects of the workshop will be world financial crisis the impact of which has, however, been lower affected on Islamic Banks in comparison to conventional banks. Islamic banks are less debt reliant and more dependent on customer deposits for liquidity, thus limiting their exposure to credit markets.

IBA is participating as a Gold Strategic Partner of WIBC in Bahrain. Becoming Gold Strategic Partner of WIBC 2009 provides a unique and high profile initiative for IBA to present comprehensive information about the Bank and implementation of Islamic Banking in IBA, and discusses key business development benefits of Islamic Banking in Azerbaijan.