The IFSB and INCEIF Renew MoU for Collaboration on Global Capacity Development and Awareness-Promotion Activities in the Islamic Financial Services Industry
Date posted: 9 July 2018
From Left to Right: Dr. Bello Lawal Danbatta, Secretary-General, IFSB and Professor Dato’ Dr. Azmi Omar, President and Chief Executive Officer, INCEIF
From Left to Right: Prof Dr Mansor Ibrahim, Deputy President Academic and Dean of School of Graduate and Professional Studies, INCEIF, Dr. Bello Lawal Danbatta, Secretary-General, IFSB, Professor Dato’ Dr. Azmi Omar, President and Chief Executive Officer, INCEIF and Dr. Nagwa Sheikh Eldin, Assistant Secretary-General, IFSB
9 July 2018, Kuala Lumpur, Malaysia – The Islamic Financial Services Board (IFSB) and INCEIF – The Global University of Islamic Finance renewed an agreement to facilitate international cooperation between the two organisations to undertake relevant activities relating to global capacity development and awareness promotion in the Islamic financial services industry.
The IFSB Secretary-General, Dr. Bello Lawal Danbatta and INCEIF President and Chief Executive Officer Professor Dato' Dr. Azmi Omar signed the third Memorandum of Understanding (MoU) on behalf of their institutions, in Kuala Lumpur, Malaysia this evening.
This mutual co-operation aims to strengthen the efforts of the two institutions in promoting an exchange of information, undertaking research, development, training and education in the Islamic financial services industry. Under this MoU, the cooperation between the IFSB and INCEIF include the following areas of cooperation:
- Joint research and publication on various areas of utmost priority concerning the Islamic financial services industry.
- Mutual staff development and exchange programme by providing the opportunity for IFSB Secretariat to access INCEIF resources and for INCEIF students, the opportunity for a short attachment at the IFSB.
- Joint organisation of training and awareness programmes including among others: conferences, seminars, workshops, roundtables and other trainings (including custom-designed learning and training programmes).
- Cooperation in providing technical assistance to IFSB member countries to facilitate the implementation of the IFSB Standards and to assist in building the necessary financial infrastructure for development of a sound and stable Islamic financial services industry.
Over the period of the previous MoUs, which were signed in 2012 in Istanbul, Turkey and 2015 in Almaty, Kazakhstan respectively, the IFSB and INCEIF successfully held a series of twelve Executive Forums (EF) covering a wide range of pertinent topics on Islamic Finance as part of its activities relating to capacity building and awareness promotion in Islamic finance.
The IFSB-INCEIF Executive Forums on Islamic Finance aim to provide a platform for the industry’s global leaders to discuss selected emerging issues facing the global Islamic financial services industry, emphasising on issues related to supervision and prudential regulation, both at the national and international levels, harnessing experiences of a distinguished pool of global experts, academics and practitioners.
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