The 2nd IFSB innovation forum sets the stage to enable the most creative minds in the Islamic financial services industry to showcase their pre-developed or conceptualised products, instruments, services, mobile applications, digital platforms and other offerings which exhibit an element of innovation and forward-looking creativity to deal with and respond to the new global reality, particularly focusing on digital and business transformation and other innovative initiatives that will improve the resilience of the Islamic finance industry and accelerate its growth during the post-COVID-19 recovery.
This Forum, which is conducted as a regular biennial series, is an effort by the IFSB to bring together the Islamic finance stakeholders to focus on the promotion and development of innovative Islamic finance solutions, vital to create the competitive edge needed to sustain the Islamic financial services industry going forward. This is in-line with the IFSB's Articles of Agreement 4(d) which puts one of the objective of the IFSB as '"to enhance and coordinate initiatives to develop instruments and procedures for efficient operations and risk management".
The Forum targets regulators, policy makers, Islamic financial institutions, start-ups and FinTechs, academic and research institutions, financial services providers, legal practitioners, Sharīʿah advisors and other interested stakeholders to enable an enriched discussion on enhancing the culture of innovative thinking and development in the Islamic financial services industry. The audience will be able to interact with the presenters showcasing their innovative solutions and also discuss strategies for the widespread adoption and implementation of such solutions in different jurisdictional settings for the greater benefit of the industry.
The 2nd Innovation Forum will feature invited organisations to showcase their products.The presentations and product showcasing will be followed by expert discussions by selected regulators and academics on how these innovative solutions can improve efficiency and risk management in the Islamic financial services industry.
This Forum is open for All. For registration and enquiries, please email Ms. Noor Azmah Mohd Yusof at noor.azmah@ifsb.org
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