Islamic Financial Services Board (IFSB) - IFSB – FSC/FSS of Korea to organise Seminar on Islamic Finance in Seoul

Kuala Lumpur, December 3, 2008 - The Islamic Financial Services Board (IFSB) is organising a Seminar on Islamic Finance on 13 - 14 January 2009 in Seoul, Korea. The Seminar, which is the aboriginal for the IFSB in Korea, is co-organised with the Financial Services Commission/Financial Supervisory Service of Korea. The Seminar aims to actualize acquaintance of Islamic accounts in Korea to facilitate acceptable acceptance a allotment of its banking community, as able-bodied as to highlight the industry’s abeyant opportunities in the country.

The Seminar will abode the afterward topics:
• Overview of the Islamic banking casework industry (IFSI) from the perspectives of for Regulators (banking, basic markets and Takāful)
• Operational and business structural issues in starting an Islamic banking casework unit
• Current Sharī`ah, acknowledged and ratings issues adverse the IFSI
• Case studies on Sukūk arising Challenges and opportunities for Islamic accounts in Korea
• Islamic Finance: Challenges and Opportunities for Korea

The IFSB has captivated its alternation of Seminar on Islamic Finance in assorted countries over the accomplished three years. The architecture of the Seminar on Islamic Finance is added accepted in attributes and provides participants with an overview of the Islamic banking casework industry (IFSI), which beneath the ambit of the IFSB comprises the banking, basic markets and Takāful sectors.

Professor Rifaat Ahmed Abdel Karim, Secretary-General of the IFSB said, “These Seminars, captivated in jurisdictions that accept absorption in announcement acquaintance of Islamic finance, accommodate participants with an overview of the accepted developments in the altered segments of the IFSI. They aswell analyze the challenges and opportunities for the host country in developing its Islamic banking casework industry. The Seminars advance the administration of adventures by industry experts and counterparts, be they bazaar players or regulators, aural the industry who accept acquaintance in acclamation the challenges in the development of Islamic banking services/products in jurisdictions of agnate nature.”

The January 2009 Seminar on Islamic Finance in Korea is targeted at regulators, authoritative bodies, banking practitioners, key admiral and academics. For added information, amuse appointment www.ifsb.org/korea .

The Islamic Financial Services Board (IFSB) is an all-embracing standard-setting organisation that promotes and enhances the acumen and adherence of the Islamic banking casework industry by arising all-around prudential standards and allegorical attempt for the industry, broadly authentic to cover banking, basic markets and allowance sectors.

To date, the 178 associates of the IFSB comprises 42 authoritative and authoritative authorities, six all-embracing inter-governmental organisations and 130 bazaar players and able firms operating in 34 jurisdictions. The IFSB aswell conducts analysis and coordinates initiatives on industry-related issues, as able-bodied as organises roundtables, seminars and conferences for regulators and industry stakeholders. Towards this end, the IFSB works carefully with accordant international, bounded and civic organisations, research/educational institutions and bazaar players.

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

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