the convention of its upcoming AAOIFI World Bank 14th Annual Conference under

The convention of its upcoming aaoifi world bank 14th

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the convention of its upcoming AAOIFI – World Bank 14th Annual Conference, under the auspices of Central Bank of Bahrain and in cooperation with World Bank, under the theme “Revolutionary Changes in Global Islamic Finance Ecosystem: Need for Governance, Standardization and Regulatory Support” which will be held on Sunday and Monday 6-7 Rabi Al-Awwal 1441 H, 3-4 November 2019, at Gulf Hotel, Manama, Kingdom of Bahrain. We would like to invite you to attend this landmark conference which discuss this year, through an array of aspects related to the Islamic financial industry, including application to international Islamic finance products, services and practices as well as continuing innovation of Islamic finance to support further growth and expansion of the industry across the world and maintaining its authenticity and compliance. Participants at the conference comprises a large number of experts, scholars and senior representatives from central banks, regulatory authorities, financial institutions, accounting and auditing firms, legal firms, universities, higher education institutions, and the media, from the Middle East, Africa, Asia, Europe and North America.
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Islamic finance gets IMF backing The Islamic banking industry is set to flourish further even in non-conventional markets as the International Monetary Fund (IMF) approved a plan to incorporate Islamic finance into its financial sector assessments of select countries starting from January 1, 2019 to improve regulation in the growing sector. Under a proposal by the IMF's executive board, guidance issued by the Malaysia-based Islamic Financial Services Board (IFSB) would be incorporated into IMF assessments to address the regulation and supervision of Islamic banks. It means the fund, which traditionally focuses on conventional banking, now also accepts Islamic financial principles to become a globally-accepted system parallel to the conventional interest-based economy. "This is a good move by the IMF and in my opinion it will bring lot of stability to the entire banking system" said Saad Maniar, senior partner at Crowe Horwath UAE. Source: -
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Sources: Seminar’s video recordings on “Why Islamic Finance?”
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  • Summer '19
  • Faisal Sawar
  • Sharia

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