Saturday, August 20

INCEIF-IFSB joint executive forum


KUALA LUMPUR: INCEIF, The Global University of Islamic Finance, and The Islamic Financial Services Board (IFSB) yesterday held their first joint Executive Forum on Islamic Finance at Sasana Kijang Bank Negara Malaysia.

The two-day IFSB-INCEIF Executive Forum aimed to provide a platform for global leaders in Islamic finance to discuss selected emerging issues faced by the global Islamic financial services industry.

The IFSB-INCEIF Executive Forum placed emphasis on issues related to the supervisory and prudential regulation, both at national and international levels, harnessing from the experiences of a distinguished pool of global experts, academics and practitioners.

The Forum stayed true to INCEIF’s mission to have a knowledge-exchange initiative among academics, policymakers and practitioners.

This helps deepen financial intermediation, expand financial inclusion and contribute to financial stability.

Among the Forum facilitators were key representatives of regulatory and supervisory authorities, and leading industry players who are members of the IFSB including Mohamad Muhsin Mohd Anas from Bank Negara Malaysia and Jereon Thijs of Bank Islam Malaysia, as well as thought leaders from amongst INCEIF professors, Prof Dr Abbas Mirakhor, Emeritus Prof Rodney Wilson and Prof Dr Saiful Azhar Rosly.

The Executive Forum is the inaugural edition of the IFSB-INCEIF Executive Forum series, and will focus on ‘Building Risk Management Infrastructures in Islamic Financial Institutions.’

It intends to provide comprehensive deliberation and exchange of views between and among practitioners, regulators, and academics on the existing strategies and approaches in managing risks in Islamic banking operations.

The Forum will cover issues on building and developing adequate framework and infrastructures for risk management in Islamic Banks.

It will also include highlights on the impact of the changing global financial infrastructure in risk management practices, and how regulators of the Islamic financial services industry should react to and anticipate the changing landscape of the industry.

Regulatory and supervisory authorities, choef executive officers in Islamic banking sectors, senior management, directors in risk management and Shari`ah governance as well as academicians and Islamic finance practitioners are encouraged to participate in this Executive Forum.

Two other Executive Forums are planned to be held the third and fourth quarters of 2013 which will focus on corporate and syariah governance and takaful respectively.

More information of the upcoming Executive Forums and the topics will be announced in due course. — Bernama