CIBAFIGeneral Council of Islamic Banks and Financial Institutions
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CIBAFI Global Forum is an annual event where industry heavy weights, practitioners and academia meet in one place under one roof to discuss transformational agendas.
Fundamentally, CIBAFI members raised some concerns on the purpose of the ED and potential parties that would be interested in it.
Commenting on the preparations of the Global Forum, Abdelilah Belatik, secretary general of CIBAFI, said, 'CIBAFI is pleased to hold its third Global Forum in Istanbul, Turkey to discuss key topics of Islamic finance.
Islamic financial services industry has witnessed dynamic growth in the last decade," said CIBAFI secretary general Abdelilah Belatik.
CIBAFI, World Bank to foster cooperation on Islamic finance
A CIBAFI statement said it will provide a common platform for sharing best practices amongst industry experts and leaders in international operations, with participants from various Islamic financial institutions from more than 15 jurisdictions.
CIBAFI believes that, while major banks in the most developed countries may be able to adapt to most of these scenarios, and will have themselves a role in determining which will occur, this is less obvious for smaller banks in less developed countries.
When I sat down with Abdelilah Belatik, Secretary General of CIBAFI at their first Global Forum in Bahrain recently, we discussed this issue as well
The roundtable meeting is part of the Strategic Objective 3 - Awareness and Information Sharing of CIBAFI Strategic Plan 2015 - 2018.
Tomorrow will also see the launch of the Thomson Reuters Zawya Sukuk Report and special session led by CIBAFI covering the practitioner[R]EIEUs perspective on strategic options for Islamic banks in response to Basel III requirements.
Following the success of CIBAFI's Global Forum in May 2016 and 2017 hosted in the Kingdom of Bahrain and Jordan respectively, CIBAFI will hold the 2018 edition of its Global Forum in Turkey.
CIBAFI thanked the BCBS for giving the opportunity to the IFSI to comment on the Consultative Document before the proposed simplified alternative approach is adopted.