2014-03-11 10:49:47 - CEO Prasad Abraham discusses regional market, experiences as Kazakhstan’s first Islamic bank
March 11, 2014
Al Hilal Bank – Kazakhstan, the first Islamic bank in Kazakhstan, yesterday (Monday, March 10, 2014) joined a panel discussion on business opportunities in Central Asia at the Trade & Invest Central Asia forum, which took place at the Oberoi Hotel, Dubai. Bank CEO Prasad Abraham delivered a speech on ‘Understanding the Central Asian Region’ during a session on Doing Business in Central Asia.
The panel discussion was a first in a series of monthly events focusing on business opportunities in various regions organized by Trade and Export Middle East magazine in association with Dubai Exports, an agency of Dubai’s Department of Economic Development. The event initially explored the Central Asian countries of Kazakhstan, Kyrgyzstan, Turkmenistan, Uzbekistan and Tajikistan.
shared Al Hilal Bank’s expertise in Islamic banking and its experiences in operating within the regional and local markets. He also discussed how Islamic finance alongside hydrocarbons, construction and agriculture continue to be key drivers in the growing cooperation between the Middle East and Central Asia.
“Over the past few years Central Asia has made phenomenal strides in enhancing its business climate for local firms. Its business-friendly environment now rivals even those of high-income OECD economies. It is definitely a market worth exploring, which is why Al Hilal Bank chose Kazakhstan as its first overseas destination. We are proud to be the first Islamic bank to operate in the Republic and we are eager to share our experiences and expertise as part of bilateral efforts to further bolster business and investment relations between the Middle East and Central Asia,” said Abraham.
The Trade & Invest Central Asia forum included a Market Briefing from Euromonitor International and hosted Panel Discussions on the Investment Climate and Doing Business in Central Asia. Complete event details are available at www.tradeandexportme.com/tradeinvestca
Al Hilal Bank is one of the fastest-growing banks in the UAE. It was founded in 2008 by the Abu Dhabi Investment Council, an investment arm of the Abu Dhabi Government. Al Hilal operates 22 branches and over 120 ATMs across the UAE as well as three overseas branches in Kazakhstan. The award-winning Islamic bank provides Islamic Personal, Corporate, Treasury, Investment, and Wholesale banking services.