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The President of the Islamic Development Bank to Deliver Keynote Address at the Islamic Financial Services Board 10th Anniversary Dinner

Date posted: 25 February 2013

The President of the Islamic Development Bank to Deliver Keynote Address at the Islamic Financial Services Board 10th Anniversary Dinner

Kuala Lumpur, 25 February 2013 – The President of the Islamic Development Bank (IDB), H.E. Dr. Ahmad Mohamed Ali Al-Madani will lead this year’s fifteen prominent speakers who have confirmed their participation in the 10th IFSB Summit that will be held on 16 and 17 May 2013 in Kuala Lumpur, Malaysia and hosted by Bank Negara Malaysia. The theme for this year’s IFSB annual event is "The Future of the Islamic Financial Services Industry: Resilience, Stability and Inclusive Growth".

This year's Summit will examine regulatory policies that underpin inclusive growth with stability. These include the potentially significant impact on the Islamic financial services industry (IFSI) arising from further reforms at the global level by international intergovernmental organisations and international standard-setting bodies to promote global financial stability. As the IFSI enters its next phase of growth in an increasingly challenging economic and financial environment, this necessitates the need to reflect on the lessons learnt, including from the global crisis, and to have in place a comprehensive regulatory framework to ensure a resilient and stable industry moving forward, in particular given the escalating cross-sectoral nature and interconnectedness of the industry.

The session topics which reflect the importance of the Summit theme include:

  • Financial Regulatory Reforms: Global Overview
  • Cross-sectoral Approach to the Regulation of Islamic Finance and Market Development: Lessons Learnt
  • New Markets, New Frontiers – Prospects and Challenges
  • Islamic Finance: Innovation and Inclusive Growth
  • Panel Discussion on Lessons Drawn: Prospects for the Future

Confirmed speakers of the 10th Summit include:
1. H.E. Dr. Ahmad Mohamed Ali Al-Madani
President, Islamic Development Bank
2. H.E. Dr. Atiur Rahman
Governor, Bangladesh Bank
3. H.E. Dr. Zeti Akhtar Aziz
Governor, Bank Negara Malaysia
4. H.E. Sanusi Lamido Aminu Sanusi
Governor, Central Bank of Nigeria
5. H.E. Hamood Sangour Al Zadjali
Executive President, Central Bank of Oman
6. H.E. Sheikh Abdullah Saoud Al-Thani
Governor, Qatar Central Bank and Chairman of the IFSB, 2013
7. H.E. Sultan Bin Nasser Al Suwaidi
Governor, Central Bank of the United Arab Emirates
8. Jaseem Ahmed
Secretary-General, Islamic Financial Services Board
9. H.E. Dr. Halim Alamsyah
Deputy Governor, Bank Indonesia
10. H.E. Dr. Abdul Rahman Alkalaf
Deputy Governor, Saudi Arabian Monetary Agency
11. H.E. Murat Çetinkaya
Deputy Governor, Central Bank of the Republic of Turkey
12. Karl Cordewener
Deputy Secretary-General, Basel Committee on Banking Supervision, Bank for International Settlements
13. Andrew L.T. Sheng
President, Fung Global Institute Ltd, Hong Kong
14. Dr. Filippo di Mauro
Senior Adviser – Research, European Central Bank
15. Abayomi A. Alawode
Manager, Financial Systems Global Practice, Financial and Private Sector Development Network, The World Bank

The IFSB which is celebrating its 10th year anniversary in 2013 will organise a 10th Anniversary Dinner on 16 May 2013 to pay tribute to all the members of the IFSB for their significant contributions and support to the organisation and the Islamic financial services industry. H.E. Dr. Al-Madani will deliver the keynote address at the Anniversary Dinner. The Islamic Development Bank is one of the nine Founding Members of the IFSB.

The main proceedings will be preceded by five pre-Summit events which will be held on 14 & 15 May 2013 at Sasana Kijang, Bank Negara Malaysia. The events include:-

  • IFSB Meet the Members Lunch
  • Launching of the Islamic Financial Services Industry Stability Report 2013
  • Forum on Mid-term Review of the “Islamic Financial Services Industry Development : Ten – Year Framework and Strategies”
  • Country Showcases
  • IFSB Knowledge Sharing Partner Session

More information on participation and registration of the 10th IFSB Summit can be found at its official website: http://www.ifsbmalaysia2013.com.

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