Big public events do not come as a surprise to anyone nowadays. Presentations, workshops and conferences are organized almost every day an at most diverse levels. However, a part of them turn into a formal discussion of participants’ everyday work. It is clear from the very beginning that no efficient solutions will be found at the end of the event. But even these “private talks” sometimes can be really useful for partakers.
Big public events do not come as a surprise to anyone nowadays. Presentations, workshops and conferences are organized almost every day an at most diverse levels. However, a part of them turn into a formal discussion of participants’ everyday work. It is clear from the very beginning that no efficient solutions will be found at the end of the event. But even these “private talks” sometimes can be really useful for partakers.
The opposite thing may happen as well. An ordinary meeting can start huge changes, sometimes even historical. You can never tell. That is why serious businessmen, politicians, and public figures still prefer visiting such events. All these people are going to attend the II International Islamic Business and Finance Summit on June 28 and June 29, 2010 in Kazan, which already claims to become a significant event.
Before it started, it attracted audiences from dozens of countries. Among participants there will be Rustam Minikhanov, recently-elected President of Tatarstan (Russia); Dr. Mahathir bin Mohammad, Chairman of the GAPID (Global Alliance for Partnership in International Development) and former Prime Minister of Malaysia (Malaysia); Lord Nazir Ahmed, Member of the House of Lords (United Kingdom); Kamil Iskhakov, Permanent Representative of the Russian Federation in the OIC (Russia); Khaled Al-Aboodi, CEO and General Manager of Islamic Corporation for the Development of the Private sector (IDB Group) (Saudi Arabia), etc.
Non-celebrities will be interested in this “guru meeting” as well. As organizers promise, the Strategic Forum, which opens up the Summit, will be useful for all the participants. Not only will it lay down the guidelines for the further development of the Islamic financial institutes in Russia, but it will also help to overcome obstacles for mutual understanding and professional enrichment of the partakers.
More importantly, the forum is going to become a wonderful opportunity for the comprehensive communication and further cooperation among its participants, including international experts, who implement strategic solutions in the sphere of state, corporate and public management of Islamic business and finance. To put it shortly, the aim of the forum is to gather ideas so that representatives of the Islamic finance market and all interested could communicate about long-term priorities of mutual development, and learn to use the advanced standards of ethical business in compliance with their own needs.
Needless to say, the main task is the creation of conditions for the integration of the Islamic economic model into national economic systems. It is especially important to organize this work in a natural way without any religious implications. Such religiously charged issues bring profit to opponents of financial models combination, but do not determine the integration. According to the experience of non-Muslim countries, where both Islamic financial and non-financial companies have been working successfully for a long time, it is possible for people, business and state to take into consideration both advantages and disadvantages of various systems, and make their choice in favor of one or another. At least they have a right to choose, which is not always true for Russia and many our neighbors, where alternatives are not accepted because of ignorance or misunderstanding.
The expected topics for discussion are as follows:
- creation of a new regulative environment for liquidation of the informational vacuum;
- mutual partnership in realization of projects between our country and the Islamic world;
- formation of mechanisms for ethical business and finance in Russia and the CIS countries;
- promotion of Islamic investments in Russia, etc.
Once more, the participants will thoroughly discuss the infrastructural Islamic investments for innovative development of economy and study the experience of the countries which offer comfortable conditions for Islamic business practices. It is interesting to mention that Islamic business develops intensively in many western and Asian countries together with traditional forms of business practices, and sometimes it even leaves traditional business behind.
As a matter of fact, the reorientation towards the ethical business under conditions of crisis can become a good opportunity to diversify risks. It can be also helpful for Russian economy due to unsatisfied market demand, which is assessed at tens billion dollars in Russia. The partakers of panel discussions and private meetings will be able to gather information about all possible combinations of traditional and non-traditional business models.
In this very way foreign and Russian regulators and politicians will decide the key issues of mutual partnership. Both successful businessmen and “freshmen”, who do not possess powers of government, should not miss an opportunity to find new partners.
Dania Siddikova. Islamic-Finance.ru
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