ISLAMIC FINANCE AND FINANCIAL STABILITY IN AN EVOLVING ENVIRONMENT: NAVIGATING EMERGING RISKS

Event Type

High-level summit for active engagement amongst key leaders in government, policymakers, international standard setters, prominent market players and other relevant key stakeholders.

Target Audience

Economic/Financial policymakers and senior management from Ministries of Finance/Economic Development, Regulatory and Supervisory Authorities (RSAs), International Organisations (IOs), Institutions Offering Islamic Financial services (IIFS), Multilateral Development Banks, Academia, Market Players, and other relevant stakeholders.

Duration

2 Days, including half day of Pre-Summit

Objectives

The IFSB Summit is a platform designed to allow a higher-level interaction among the delegates to explore the implications of the Islamic Financial Services Industry (IFSI) from the evolving global economic and financial environment. In addition, the Summit seeks to raise awareness of the emerging challenges in the resilience and stability of the IFSI while discussing measures to reinvigorate growth momentum along with supportive policy reforms.

A number of global challenges and emerging issues present risks for the Islamic financial services industry including the evolving macroeconomic environment as well as rapid innovation and technological transformation as well as climate-related financial risks. While the evolving global environment provide opportunities for the development and growth of the industry, it also presents risks that requires policy makers to assess the effectiveness of the existing regulatory and supervisory frameworks to address these new risks.

The 16th IFSB Summit aims to bring together key policy makers and stakeholders to deliberate on issues pertinent to the resilience of the IFSI and the policy implications of new risks while also considering opportunities and benefits of embracing change and innovation in the Islamic finance industry and how they can be harnessed to bolster sustainable, inclusive, stable and resilient growth of the IFSI.

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