level of transparency by virtue of it being asset-based in nature. At Meezan Bank, this fundamental principle drives the ethos and shapes all our policies. Our practices of disclosure and dissemination of information are best exemplified by our Shariah Audit report that is a part of the Bank’s Annual Report and has provided the industry with the best standards to follow.”
He continues to comment on the sheer importance of these disclosures to the global financial economy: “In an effort to support the sustainability and stability of the global financial system, Islamic banks have been proactive in implementing a high-disclosure system as obvious by the disclosure scores.”
In a period of high information asymmetry where consumer interests are not wholly protected from spillovers and systemic risks, the financial disclosure index serves as an essential governance metric that can help regulators ensure that a stable and efficient banking system is in place.
Middle East Global Advisors (MEGA) is the gateway connectivity and intelligence platform to opportunities in the rapidly developing economic region that stretches all the way from Morocco in the West to Indonesia in the East - The Middle East North Africa Southeast Asia (MENASEA) connection.
We pride ourselves for being at the heart of these diverse markets for over 22 years. The World Islamic Banking Conference (WIBC) has established its reputation as the world’s largest and most influential gathering of international Islamic banking and finance leaders for over two decades.
With the strategic support of the Central Bank of Bahrain, the next generation WIBC will focus on transforming Islamic finance into a global proposition by facilitating strategic opportunities, addressing systematic challenges and connecting international market players and institutional investors to the industry's catalysts, thought leaders, partners and institutions.