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Islamic Financial Services Board
The Islamic Financial Services Board (IFSB) is an international standard-setting organisation that promotes and enhances the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for the industry, broadly defined to include banking, capital markets and insurance sectors. The standards prepared by the IFSB follow a lengthy due process as outlined in its Guidelines and Procedures for the Preparation of Standards/Guidelines, which includes the issuance of exposure drafts and the holding of workshops and, where necessary, public hearings. The IFSB also conducts research and coordinates initiatives on industry-related issues, as well as organises roundtables, seminars and conferences for regulators and industry stakeholders. Towards this end, the IFSB works closely with relevant international, regional and national organisations, research/educational institutions and market players.
ORGANISER
Islamic Development Bank
The Islamic Development Bank is an international financial institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in Dhul Q'adah 1393H, corresponding to December 1973. The Inaugural Meeting of the Board of Governors took place in Rajab 1395H, corresponding to July 1975, and the Bank was formally opened on 15 Shawwal 1395H corresponding to 20 October 1975. The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities individually as well as jointly in accordance with the principles of Shari'ah i.e., Islamic Law. The functions of the Bank are to participate in equity capital and grant loans for productive projects and enterprises besides providing financial assistance to member countries in other forms for economic and social development. The Bank is also required to establish and operate special funds for specific purposes including a fund for assistance to Muslim communities in non-member countries, in addition to setting up trust funds. The Bank is authorised to accept deposits and to mobilize financial resources through Shari'ah compatible modes. It is also charged with the responsibility of assisting in the promotion of foreign trade especially in capital goods, among member countries; providing technical assistance to member countries; and extending training facilities for personnel engaged in development activities in Muslim countries to conform to the Shari'ah.
ORGANISER
Islamic Research and Training Institute
The Islamic Research and Training Institute (IRTI) was established in 1401H (1981G) to undertake research and provide training and information services in the member countries of the Islamic Development Bank and Muslim communities in non-member countries to help bring their economic, financial and banking activities into conformity with Shari'ah and to further economic development and cooperation amongst them. The main activities undertaken by IRTI are mainly in the areas of research, training and information. In addition, the Institute has also evolved a number of programmes to popularise Islamic economics, banking and finance. These programmes include the IDB Prize in Islamic Economics and Banking, Encouragement and Promotion Program, IDB Prize Lecture Series, IRTI Shari'ah Lectures, and Visiting Scholars Scheme.
HOST
UK Trade and Investment
UK Trade & Investment is the UK Government's international business development organisation. Our teams of advisers located across the globe can help UK and overseas companies fulfil their international ambitions. We work with businesses headquartered outside the UK at all stages of the business planning cycle and become an advocate in government and with public bodies. We build the capacity of UK exporters by offering strategic advice, help overcoming market barriers and by raising companies' profiles overseas through events run by diplomatic missions. Visit the UK Trade & Investment website for up-to-date market and sector information and global business opportunities.
EVENT MANAGER
Islamic Conferences Group
