The London Islamic Fund and Asset Management Expert Rounds (LIFER 2014) will be held on the 15th December 2014 at Jumeirah Carlton Tower, Knightsbridge, London where it provides participants an in-depth knowledge on the current environment and opportunities offered by Islamic funds and asset management industry.
Islamic finance like their conventional counterpart provide for financial intermediation services by complying with the principles of Shariah, as these principles serve as inbuilt strengths to prevent the divergence of finance from the real sector. The assets of Islamic finance was worth USD150 billion in the mid-1990s to an estimated USD1.8 trillion as at year-end 2013. The global Islamic funds market in 2004 was USD29.2 billion to one valued at more than RM70 billion as at December 2013.
Themed "Enhancing Cross-Border Business and Regulatory Cooperation", LIFER 2014 will highlight the ethical values and the real-sector linked benefits of the markets, as well as highlighting its growth potential in emerging and developed markets. The Lord Mayor of London has been invited to officiate the event. Today, as with other forms of Islamic finance, the industry is an area that has grown to become an increasingly substantial segment within the global financial market and has gained considerable interest as a viable and efficient alternative model of financial intermediation.