Programme - Event Session(s) Date Time Topics Day 121/11/2023 08:30 - 16:30 Exhibition 08:30 - 09:30 Pre-Summit Registration, Welcome Coffee and Networking 09:30 - 09:45 Plenary Session : Opening and Welcoming Address 09:45 - 11:15 Pre - Summit Event 1: Members and Industry Engagement Session Presentation on the Achievement of the IFSB in the Past 20 Years The presentation looks at the achievements of the IFSB over the past 20 years across its various objectives, including standards development, research, implementation, awareness-raising, and membership. Speaker Dr. Bello Lawal Danbatta, Secretary-General of the IFSB Interactive Session on Highlights of the Islamic Financial Services Industry Stability Report 2023, Way Forward and IFSB Roles Speakers Dr. Bello Lawal Danbatta, Secretary-General, IFSB Mr. Suhail Issa Al Zadjali, Assistant Secretary-General, Resources, IFSB Acting Assistant Secretary-General, IFSB 11:15 - 11:30 Coffee Break and Networking 11:30 - 12:45 Pre-Summit Event 2 : 5th IFSB Innovation Forum Digital Innovation and Transformation of Islamic Finance: Trends and Opportunities This session aims to provide a forum for market players to demonstrate how fintech innovations can help the Islamic financial services industry align Shari’ah-compliant financing alternatives with green and sustainable development. The session will highlight key players in the market that have developed innovative approaches in the fintech market with the objective of meeting the needs of the green or sustainable finance agenda. This Forum is an effort by the IFSB to bring together Islamic finance stakeholders to focus on promoting and developing innovative Islamic finance solutions, vital to creating the competitive edge needed to sustain the IFSI going forward. 12:45 - 14:00 Lunch and Networking 14:00 - 15:15 Pre-Summit Event 3 : Industry Dialog Partner 1 (Sponsorship Slot) 14:00 - 16:00 IFSB Summit: Pre-Registration 15:30 - 16:45 Pre-Summit Event 4 : Industry Dialog Partner 2 (Sponsorship slot) Day 222/11/2023 08:30 - 16:30 Exhibition 08:30 - 09:30 IFSB Summit Registration, Welcome Coffee and Networking 09:30 - 10:15 Plenary Session : 16th IFSB Summit Opening Video Presentation, Opening, Welcoming and Keynote Address 10:15 - 10:30 Inauguration of IFSB Annual Report 2022 10:30 - 11:00 Exhibition Walkabout 11:00 - 12:15 Summit Session 1: Islamic Finance Stability in a New Economy - Inflation, Volatility, and Rising Interest Rates This session aims to highlight the following: Global macroeconomic risks and the resulting build-up of financial sector vulnerabilities Implications of the global macroeconomic risks for the resilience of the Islamic finance industry. Critical areas for monitoring by authorities to safeguard financial stability Policy challenges and prospects, international spillovers, and implications for the Islamic finance industry 12:15 - 13:30 Lunch and Networking 13:30 - 14:45 Summit Session 2 : Climate-related Financial Risks and Islamic Finance Regulation: Where we are and what’s next? This session aims to highlight the following: The regulation and supervision of climate-related financial risks Impact of climate-related financial risks on Islamic finance The progress made by regulators thus far and the various regulatory and supervisory approaches to addressing climate-related financial risks Bridging the climate-financing gap through private-sector involvement Leveraging Islamic finance for inclusive green finance initiatives Areas for further work, including those relating to requisite data, taxonomy, and strengthening the monitoring and analysis of the potential impact of climate-related risks on financial stability in the IFSI 14:45 - 16:00 Summit Session 3: Financing Alternatives in Islamic FinTech This session aims to highlight the following: Models, developments and risks of Shari’ah-compliant alternative financing mechanisms in the FinTech market (e.g. BNPL, crypto assets, crowdfunding and P2P financing etc.) Financial stability implications of financing alternatives in the Islamic FinTech market and various regulatory approaches taken by jurisdictions Addressing Shari’ah non-compliance issues and Islamic finance specificities in regulating the market Expected future trends and considerations for alternative financing solutions in the Islamic FinTech market 16:00 - 16:30 Coffee Break and Networking 18:45 - 21:30 Summit Gala Dinner Day 323/11/2023 08:30 - 15:00 Exhibition 09:30 - 10:45 Summit Session 4 : Innovation and Structural Changes in the Islamic Finance Industry: Regulating New Risks This session aims to highlight the following: New and emerging risks arising from digital innovation, including crypto assets, DeFI markets, and financial technologies for Islamic finance, and the regulatory and supervisory challenges Considerations for policy-makers due to the structural changes in the industry due to digital innovation and managing potential risks, including operational and cyber risks, investor protection issues etc. The implications for the financial stability of the IFSI due to greater interconnectedness and cross-border activities 10:45 - 11:00 Coffee break and Networking 11:00 - 12:15 Summit Session 5 : Financing Alternatives in the Islamic FinTech Market: Prospects, Opportunities and Regulatory Perspectives This session aims to highlight the following: New models and developments in Shari’ah-compliant alternative financing mechanisms in the FinTech market (e.g. BNPL etc.) Challenges and issues faced by market players in the development and growth of Shari’ah-compliant alternative financing mechanisms Expected future trends and considerations for alternative financing solutions in the Islamic FinTech market 12:15 - 13:30 Summit Session 6 : Strengthening the Resilience of the IFSI in a Changing World: The Way Forward This session aims to highlight the following: The role of the IFSB and other international Islamic standard-setting organisations and international bodies in ensuring the resilience of the IFSI in an evolving global environment Roles and policy direction for regulatory authorities in the IFSI in a rapidly changing financial sector landscape due to financial innovation and structural changes in the industry Roles of market players in the IFSI in a changing and innovative world 13:30 - 15:00 Lunch Downloadable Document(s) Event Session(s) - PDF Format
