Islamic Financial Services Board (IFSB) - “The Future of Islamic Financial Services” is the affair for 6th IFSB Summit

www.ifsbsingapore2009.comStore this angel in big sizeKuala Lumpur, January 29, 2009 – The Islamic Financial Services Board (IFSB) is organising the 6th IFSB Summit on 5 – 8 May 2009 in Singapore. The Monetary Authority of Singapore is hosting this Summit, which is the aboriginal IFSB Summit to be captivated in Asia. The affair of the Summit is “The Future of Islamic Financial Services”.

Professor Rifaat Ahmed Abdel Karim, Secretary-General of the IFSB said, “This affair is both appropriate and important, accustomed the accelerated projected advance of the Islamic banking casework industry (IFSI), and the contempo developments in the all-around banking markets. The closing is accepted to affectation a challenge, inter alia, on the IFSI stakeholders. Whilst the accepted IFSI anatomy is advised acceptable to abutment the industry’s development, it is all-important to appraise whether this anatomy will abide to be accordant to baby for the approaching advance and amplification of the industry. More importantly, whether the industry can abide aggressive and abide to advocate its animation and adherence as the casework and articles it offers aggrandize and its stakeholders become added sophisticated.”

The Summit aims to abode these issues as able-bodied as highlight the role of the stakeholders appear developing a able-bodied approaching for the IFSI. The 5 sessions of the Summit will awning the afterward topics:
- The Islamic banking casework mural
- Competitive strategies of Islamic banking casework industry
- Role of Non-banks banking institutions in the approaching of Islamic accounts
- Direction of authoritative policies
- Direction of development policies

The 6th IFSB Summit will be a four-day event. The two-day Summit, captivated on 7 & 8 May 2009, is preceded by the afterward two Pre-Summit events:

1. 5th May 2009: Public Hearing on IFSB Exposure Drafts (ED) 8, 9 and 10
ED8: Guiding Principles on Governance for Islamic Insurance (Takaful) Operations
ED9: Conduct of Business for Institutions alms Islamic Financial Services
ED10: Guiding Principles on Shari`ah Governance System

2. 6th May 2009: IFSB Country Showcases

For added advice on accord and advocacy of the Summit, amuse appointment www.ifsbsingapore2009.com / email: ifsb_sec@ifsb.org

The Islamic Financial Services Board (IFSB), which is based in Kuala Lumpur, was clearly inaugurated on 3rd November 2002 and started operations on 10th March 2003. It serves as an all-embracing standard-setting anatomy of authoritative and authoritative agencies that accept vested absorption in ensuring the acumen and adherence of the Islamic banking casework industry, which is authentic broadly to cover banking, basic bazaar and insurance. In advancing this mission, the IFSB promotes the development of a advisable and cellophane Islamic banking casework industry through introducing new, or adapting absolute all-embracing standards connected with Shari'ah principles, and acclaim them for adoption.

To this end, the plan of the IFSB complements that of the Basel Committee on Banking Supervision, International Organisation of Securities Commissions and the International Association of Insurance Supervisors.

For added advice on the IFSB, amuse appointment www.ifsb.org

Siham Ismail
Islamic Financial Services Board
Malaysia
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext.119