INCEIF - IFSB Executive Forum

ISLAMIC FINANCE
Kuala Lumpur, MALAYSIA
Monday, 7th September 2015

IFSB – INCEIF Executive Forum
for Islamic Finance to Discuss Resilience and Stability
of the Islamic Financial Services Industry

The Islamic Financial Services Board (IFSB) and the INCEIF - The Global University of Islamic Finance are organising the Eighth Executive Forum on Islamic Finance series on 1 and 2 December 2015. The IFSB-INCEIF Executive Forum aims to provide a platform for global leaders in Islamic finance to discuss selected emerging issues facing the global Islamic financial services industry, emphasising on issues related to supervision and prudential regulation in a manner that harnesses the experiences of a distinguished pool of global experts, academics and practitioners.

With the theme “Resilience and Stability of the Islamic Financial Services Industry: Opportunities and Challenges Ahead”, the 8^thIFSB-INCEIF Executive Forum will focus on key issues affecting the Islamic financial services industry’s (IFSI) stability along with the strategic approaches needed to ensure that the IFSI is able to achieve a level of resilience that withstands the impact of financial turbulences.

It intends to discuss pertinent issues that affect not only national economies and financial institutions, but also ordinary investors and tax payers. More specifically, the Executive Forum aims to cover the updates on the trends and developments in the various segments of the industry (Islamic banking, Islamic capital markets as well as Takaful), the initiatives undertaken by the regulators and international standard setting organisations to further strengthen the resilience of the financial institutions and markets, and emerging issues in the stability of the IFSI, including among others: consumer protection, Shariah-compliant safety nets and cross-border linkages.

The two-day Executive Forum will be divided into seven sessions, which are:

a)     Development of the Global IFSI              

b)    Effective Macro-prudential Policies 

c)     Strengthening Protection of the Financial Sector 

d)    Shariah-compliant Lender of Last Resort (LOLR)

e)     Takaful: Unlocking the Potential and Supporting Stability

f)     Islamic Capital Markets (ICM): Achieving a Rigorous and Robust Regulatory Framework; and

g)    Panel Discussion on Fostering Global Linkages and Cross-border Potentials Towards Enhancing Resilience and Stability

The Executive Forum is targeted for mid to senior-level management who seek to sharpen their skills and deepen their knowledge of the industry’s driving factors, as well as broaden their cross-border perspective. It is ideal for regulators and supervisors of the Islamic financial institutions, key personnel in multilateral organisations and governmental agencies involved in policy planning and development as well as Chief Executive Officers, Board Members or senior management of the Islamic financial institutions, auditors, lawyers, advisers, academics and researchers in Islamic finance.

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About the Islamic Financial Services Board (IFSB)

The IFSB is an international standard-setting organisation that promotes and enhances the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for the industry, broadly defined to include banking, capital markets and insurance sectors. The IFSB also conducts research and coordinates initiatives on industry-related issues, as well as organises roundtables, seminars and conferences for regulators and industry stakeholders. Towards this end, the IFSB works closely with relevant international, regional and national organisations, research/educational institutions and market players.

The members of the IFSB comprise regulatory and supervisory authorities, international inter-governmental organisations and market players, professional firms and industry associations.

For more information about the IFSB, please visit www.ifsb.org.

About INCEIF

INCEIF - The Global University of Islamic Finance, is set up by Bank Negara Malaysia to develop human capital for the global Islamic finance industry. Apart from its academic programmes, which are Masters in Islamic Finance Practice, MSc in Islamic Finance and PhD in Islamic Finance, INCEIF also offers customised executive training programmes and industry-focused applied research in line with its vision to be the knowledge and thought leader in Islamic finance.

INCEIF syllabus is structured with inputs from industry players to bridge the gap between academic knowledge and industry experience. INCEIF faculty members, who are globally respected among the Islamic finance academia and industry, have a combined wealth of experience and diversity. The faculty, coupled with continuous support from the industry, provides INCEIF students with strong mentoring relationships and opportunities for professional development. For more information, please visit www.inceif.org.