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The IFSB to Launch Islamic Financial Services Industry Stability Report 2020 at the Members and Industry Engagement Session (MIES)

Date posted: 30 July 2020

30 July 2020, Kuala Lumpur, Malaysia – The IFSB is pleased to announce that the eighth edition of its flagship publication - Islamic Financial Services Industry (IFSI) Stability Report 2020 will be launched during its Members and Industry Engagement Session (MIES), to be held via online platform on 6 August 2020 at 15:30 (MYT). H.E. Dr. Fahad Abdullah Aldossari, Deputy Governor for Research and International Affairs, the Saudi Arabian Monetary Authority (SAMA), will be the Guest of Honour to officiate the launching of the Report via online.

The IFSB’s IFSI Stability Report series, which was first launched in 2013, has become an important benchmark publication, providing an assessment of the growth, development, and stability of the IFSI. The objective of this flagship Report is anchored on the IFSB’s mandate to promote the development of a prudent and resilient IFSI. 

The launching of this eighth edition of the IFSI Stability Report will be followed by the IFSB’s Members and Industry Engagement Session, which provides an interactive platform for communication between the IFSB member organisations, other IFSI stakeholders, and the IFSB Secretariat.

In this MIES session, the IFSB will present key structural and prudential developments, assessment of vulnerability, resilience, and future outlook, as well as expected implications of COVID-19 on the global IFSI to the audience. This will be followed by a panel discussion to allow greater interaction and exchange of views among the industry’s stakeholders, regulators and market players. The discussion will be moderated by the Secretary-General of the IFSB, Dr. Bello Lawal Danbatta and representatives from the regulatory and supervisory authorities as well as market players. A question and answer session will be held after the discussion, led by Dr. Bello Lawal Danbatta and both Assistant Secretary-Generals, Mr. Walid Alzahrani and Dr. Rifki Ismal.

Regulatory and supervisory authorities and industry players from among IFSB members and non-members are invited to witness the launch of the IFSB’s IFSI Stability Report 2020 and also participate in the online MIES. Interested participants are invited to register at www.ifsb.org. Please contact Mr. Ahmed Barakat ([email protected]) for further information.

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