The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) will host the 18th Annual Islamic Banking and Finance Conference in collaboration with the Islamic Development Bank Group (IsDB), represented by the IsDB Institute (IsDBI). Central Bank of Bahrain. The two-day conference was held physically on 29th and 30th November 2023 at the Crowne Plaza, Kingdom of Bahrain, and the theme was “The Impending Economic Slowdown and Strategies for a Post-Oil World: Economic Diversification and Islamic Finance” Through utilization.” .
This annual conference is considered one of the most important gatherings in the Islamic finance industry, bringing together Shariah scholars, policy makers, and decision makers to discuss pressing issues in the Islamic finance industry. .
The conference will be streamed live on Zoom, YouTube, and other social media platforms for a wider audience. This will be supported by a variety of partners and sponsors, including Islamic banks and financial institutions, academic institutions, technology and other support service providers and knowledge sharing platforms.
Speaking on the occasion, His Excellency Sheikh Ebrahim bin Khalifa Al Khalifa, Chairman of AAOIFI Board of Directors, said: We look forward to participating in discussions about important issues and Islamic finance-based approaches and solutions that can effectively shape a resilient and sustainable economic future. We sincerely thank the Central Bank of Bahrain and his IsDB for their unwavering support of AAOIFI and important initiatives such as this important conference. InshaAllah, we look forward to welcoming all AAOIFI stakeholders to Bahrain. ”
The two-day conference will feature keynote speeches from senior officials and policymakers, as well as seven panel discussion sessions. The panel discussion will explore the role of Islamic finance and Islamic fintech in diversifying economic activities in Islamic countries, challenges and opportunities arising from inflation and high benchmark interest rates, and the use of Islamic finance in infrastructure development to mitigate climate change. Additionally, Sukuk Sharia compliance and governance, as well as the challenges of Islamic finance to explain hyperinflation, will also be discussed.
Commenting on the occasion, Dr. Sami Swailem, Acting Director of the IsDB Institute and Chief Economist of the ISDB Group, said: Set up industry initiatives. The conference is an opportunity for key players and stakeholders to consider the challenges facing the industry, assess progress in addressing them, and strengthen the industry’s contribution to the sustainable development of member countries. This is a valuable opportunity to propose a plan of action. ”
His Excellency Rashid Mohammed Al Maraj, Governor of the Central Bank of Bahrain, also commented on the occasion: This year’s conference will explore the various possibilities that Islamic finance offers in navigating unprecedented economic changes and post-oil realities. We believe that the potential of Islamic finance is largely untapped and that its transformative power can only be fully harnessed through continued debate and deliberation, trial and error, and a determined commitment to innovation. The conference will serve as an important forum to foster this dialogue and promote Islamic finance to serve the region’s economy. ”
AAOIFI is also organizing its first Capacity Building Week, which will begin on November 28, 2023 and run until December 4, 2023, after its November 29-30, 2023 conference. The five-day festival celebrating human capital development in Islamic finance is expected to attract more than 200 trainees from at least 30 countries who will participate in 17 simultaneous workshops led by around 25 master trainers. .
To register and learn more about the event, click here: https://aaoifi.com/18th-aaoifi-isdb-conference-to-be-held-in-bahrain/?lang=en
About AAOIFI:
Founded in 1991 and based in the Kingdom of Bahrain, AAOIFI is a leading international non-profit organization primarily responsible for developing and publishing standards for the global Islamic finance industry.
AAOFI is supported by more than 160* active institutional members, including central banks, regulators, financial institutions, audit firms, and law firms from more than 45* countries.
Contains 117* standards and technical declarations on issues in the fields of Shariah, accounting, auditing, ethics and governance in international Islamic finance. 43* Regulatory and Supervisory Authorities (RSAs) in 36* countries around the world use AAOIFI standards and technical publications, in full or in part, as guidelines, supplementary reports, or as a basis for the development of local standards/regulations. Adopting and/or endorsing.
Professional fellowship programs (such as Certified Islamic Professional Accountant (CIPA), Certified Shariah Expert (CSE), Certified Shariah Auditor (CSA)), and certification programs (such as Certificate of Proficiency in Financial Accounting Standards (CPFAS)) are , is also offered in Arabic English and Russian by AAOIFI as part of its efforts to strengthen the industry’s human resource base and governance structure.
For more information, please visit www.aaoifi.com. For conference partnership inquiries, please contact Yaser Rifat at yrifat@aaoifi.com.
*As of August 2023
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Office 1001, Al Nakheel Tower 11th Floor;
Building 1074, Road 3622, Seef District 436,
Kingdom of Bahrain
Email: info@aaoifi.com
About IsDB:
The Islamic Development Bank is a multilateral development bank (MDB) that has been working for nearly 50 years to improve the lives of the communities it serves by promoting social and economic development and having impact at scale.
IsDB brings together 57 member countries across four continents, touching the lives of one in five people in the world.
One of the world’s most active MDBs, it is a AAA-rated global leader in Islamic finance with over $16 billion in operating assets and $70 billion in underwritten capital.
IsDB is a truly global institution, headquartered in Jeddah, Kingdom of Saudi Arabia, with a Center of Excellence in Malaysia, and major locations in Morocco, Kazakhstan, Senegal, Egypt, Turkey, Indonesia, Bangladesh and Nigeria.
IsDB’s mission is to empower people to advance their economic and social progress at scale, and to create the infrastructure that enables them to realize their potential. The Bank builds collaborative partnerships among communities and nations in a unique apolitical environment, harnessing the power of science, technology, and innovation to address ethical and sustainable challenges to the world’s greatest development challenges. We work to advance the United Nations Sustainable Development Goals by fostering solutions.
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8111 King Khalid Street
AI Nuzura AI Yamania District Unit 1
Jeddah 22332-2444
kingdom of saudi arabia
Email: info@isdb.org
About IsDB Institute (IsDBI)
IsDB Institute (IsDBI) is the source of knowledge for the Islamic Development Bank Group. IsDB Institute has a mission to lead the development of innovative knowledge-based solutions based on Islamic economic and financial principles that support sustainable economic development in our 57 member countries and various Muslim communities around the world. I owe it. Established in 1981 as the Islamic Research and Training Institute (IRTI), the Institute will better align with IsDB’s new priorities and help the Institute build an innovative knowledge base for sustainable development. It was renamed in April 2021 with the aim of empowering people to effectively lead solutions.
For more information, please visit www.isdbinstitute.org.