Islamic Financial Services Board (IFSB) - Banque de France to host IFSB-FSI Islamic Financial Services Forum in Paris

Kuala Lumpur, January 20, 2009 – The Islamic Financial Services Board (IFSB) and the Financial Stability Institute (FSI) are accordingly organising the 3rd Islamic Financial Services Forum: The European Challenge on 4th March 2009 in Paris. Banque de France is hosting the Forum.

The Forum will accompany calm chief banking area supervisors, bazaar players, and experts from all-embracing banking institutions to altercate the afterward issues and challenges that Europe may face in managing clamminess in the Islamic banking casework industry:

•Risks associated with clamminess in the Islamic banking casework industry
•Infrastructures for managing clamminess and clamminess risks
•Legal, Sharī`ah and authoritative issues in clamminess management
•Case study: The Islamic banking casework industry clamminess administration approaches in called countries

Professor Rifaat Ahmed Abdel Karim, Secretary-General of the IFSB bidding his activity for already afresh allied with the FSI in organising this European Islamic Financial Services Forum. He said, “Our aboriginal cooperation in organising the Forum, which was captivated Frankfurt endure year, accustomed cutting acknowledgment not alone from the banking association in Europe, but aswell from the Middle East, and Asia. Many are agog to analyze the possibilities and opportunities for Islamic banking casework in European countries.

The Forum which is accepting captivated adjoin the accomplishments of a forecasted crumbling all-around banking market, is accepted to allure accord from those absorbed in exploring the possibilities of the Islamic banking business archetypal as a applicable addition to the accepted absolute business models, as able-bodied as those absorbed in discussing the development of the accepted Islamic banking casework industry practices.

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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 accepted ambience 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.

The associates of the IFSB cover authoritative and authoritative authorities, all-embracing inter-governmental organisations (International Monetary Fund, The World Bank, Bank for International Settlements, Islamic Development Bank, Asian Development Bank) and bazaar players from assorted countries.

Siham Ismail
Islamic Financial Services Board
Email: siham@ifsb.org
Tel: +6 03 2698 4248 ext 119