IFSB – INCEIF to Organise Two Executive Forums for Islamic Finance on Sharī’ah Governance Practices and Financial Inclusion

21 July 2016, Kuala LumpurThe Islamic Financial Services Board (IFSB) and INCEIF – The Global University of Islamic Finance are organising the ninth and tenth Executive Forums (EF) on Islamic Finance in October and November 2016. The IFSB-INCEIF Executive Forums aim 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, both at national and international levels, harnessing from the experiences of a distinguished pool of global experts, academics and practitioners.

The 9th edition of the Executive Forum themed, Promoting Sound and Effective Sharīʻah Governance Practices will be held on 5 – 6 October 2016 in Sasana Kijang, Kuala Lumpur, Malaysia. This Executive Forum will discuss the strategic imperative of corporate and Sharīʻah governance systems by bringing together experienced practitioners, banking supervisors, Sharīʻah board members, and thought leaders of the Islamic financial services industry to participate in active knowledge-sharing sessions. Participants are expected to have in depth discussions on a wide array of issues related to Sharīʻah governance, the growing demands of stakeholders for a robust governance framework and the roles that can be played by the board of directors, supervisors and others to strengthen this framework. 

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

  1. The Essence of Sharīʻah Governance: Exceeding stakeholder’s expectations
  2. Strategic Focus: Building optimal Sharī’ah governance structures
  3. Aligning Objectives and Practices Towards Convergence: Corporate and Sharīʻah governance
  4. Managing Reputational Risk: Sharīʻah governance and enhancing cross-border credibility
  5. Towards Greater Market Discipline: Sharī’ah governance in enhancing disclosure for IIFS
  6. Panel Discussion: Current practices in Sharī’ah Governance: Lessons and take-away for enhancements 

The 10th edition of the Executive Forum themed, Financial Inclusion and Islamic Finance: Aligning Objectives and Methodologies will be held on 16-17 November 2016. The Executive Forum will bring together the advocates of financial inclusion from among experienced practitioners, supervisors and thought leaders as well as Islamic finance industry players. Participants will be exposed to discussions on new methodologies and techniques in the field of microfinance, infrastructure and capability building for financial inclusion as well as the role of the regulatory and supervisory authorities in ensuring market integrity, stability and consumer protection from the financial inclusion perspective. The Panel Session, a key feature of this Executive Forum, will discuss the key issues and challenges in penetrating the unbanked segments of population, and the availability of infrastructures pivotal in financial inclusion development, as well as policy recommendations from supervisors and market practitioners from the banking, Takāful, Islamic Microfinance and SME sectors. 

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

  1. Financial Inclusion: Aligning current models  with differing realities
  2. Islamic Microfinance: Beyond the financial inclusion agenda
  3. Financial Inclusion and Islamic Finance:  Approaches and current practices
  4. Consumer Protection: Financial inclusion and Sharī’ah arrangements in protecting consumers
  5. Strategic Priorities for Enhancing Financial Inclusion: Regulation, supervision, eco-system and innovation
  6. Panel Discussion on Facilitating the Growth of Islamic Microfinance, SMEs and Microtakāful

The Executive Forums are 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. They are 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, Sharīʻah board members, auditors, lawyers, advisers, academics and researchers in Islamic finance. 

For further information and registration, do visit www.ifsb.org, or contact Mrs. Ida Shafinaz at ida.shafinaz@ifsb.org  / ifsb_sec@ifsb.org.

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