A group of finance industry professionals from Jersey visited Bahrain last weekend to highlight the Island’s skills as a centre for Sharia compliant investment business.
They participated in the World Islamic Banking Conference and joined representatives from Jersey Finance Limited, a co-sponsor of the event. Keynote speakers at the three day conference included the Governors of the Central Banks of Bahrain and Kuwait, and management guru Tom Peters.
This year's conference was the largest so far, with more than 800 delegates from thirty countries attending the opening ceremony at the Gulf International Convention Centre in Bahrain.
The Jersey group included representatives from Volaw Trust, the company responsible for the award winning Caravan Sukuk and other Sharia compliant structures; Mourant Private Wealth, which established a representative office in Dubai in 2005; Carey Olsen, which has an established contact with Ohad Trust in Bahrain; Walkers, which recently merged with Jersey based firm Crills Advocates, and through its network of worldwide offices also has a full service office in Dubai; and Minerva Financial Services Limited wich now has an associate, Rocklin SA, based in the UAE.
"There is a growing appetite for Jersey’s Finance Industry to focus on specialist financial services," explained Beverley Le Cuirot, Director of Marketing, Jersey Finance.
"This important annual conference, in one of the leading finance centres in the Middle East region, provides us with an ideal opportunity to highlight how we continue to develop structures and services specifically for the Islamic banking and investment marketplace, alongside our more traditional wealth management offering," she concluded.
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