In a few days, the German Federal Financial Supervisory Authority, BaFin will send two representatives on an Islamic finance congress. Dr. Johannes Engels, senior advisor and Robert Elsen, deputy head of the section for technical co-operation, will both contribute to the World Islamic Finance Conference held this year in London, March 28/29. The conference, organised by Fleming Gulf, features such prominent figures of the Islamic finance world as Sheikh Nizam Yaquby, Sharia scholar from Bahrain who is a member of more than 80 Sharia-boards advising Islamic financial institutions and is considered to be one of the top ten leading Sharia-scholars in the world. The World Islamic Finance Conference is set up to be an opportunity to forge closer ties between the European Islamic finance industries with its partners in Islamic countries. The conference is not the first effort undertaken by the BaFin to jump start Islamic Banking in Germany. (full story)
