2014 will provide the perfect setting for discussions that will determine the key factors required to take the industry to the next level of development.
Further, as is the case with all METF
events, each application will be reviewed and analyzed for its likely economic impact and only after the race occurs would any funds be disbursed.
was asked to study critical issues facing the business school industry in the USA and to recommend possible remedies.
A key highlight of METF
2013 was the highly-interactive power debate session which focused on building capacity and capability to enable Takaful and cooperative insurance operators to compete profitably.
The second annual METF
will be officially inaugurated on Monday with a special keynote address by CBB executive director for financial institutions supervision Abdul Rahman Al Baker.
Speaking ahead of the event, David McLean, the chief executive of the METF
said the global Takaful industry has been experiencing double digit growth rates, with the GCC and Malaysia being the major drivers.
2012 gathered more than 200 senior decision-makers representing over 80 market leading organizations for discussions that focused on tackling the profitability challenge and providing fresh thinking for Islamic and cooperative insurance in the Middle East.
The theme for METF
2013 picks up on these challenges and opportunities and focuses on "Adapting to Change: Fresh Thinking to Boost the Efficiency, Profitability and Scale of Islamic Co-operative Insurance in the Middle East".
More than 200 regional Takaful industry leaders to gather at METF
2012 for discussions that will seek to tackle the profitability challenge for the Middle East Shari'ah-compliant insurance industry
A critical factor that will determine the success in taking the industry to the next level of development will be the readiness of industry players to formulate and execute successful strategies in response to new market opportunities that will re-ignite growth levels," he said at the opening of the METF
2012 in Bahrain yesterday.
Confirming his participation in the event and commenting on the CBB's support for METF
, Mr Al Baker said, "the GCC takaful market remains at the forefront of the global Sharia-compliant insurance industry.
This calls for taking proactive steps and rethinking strategies to overcome diverse challenges in order to sustain growth momentum and I hope that the discussions at METF
2012 will seek to address the critical issues that the industry is currently facing and provide fresh perspectives on how to overcome these challenges.