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IFSB conducted Members and Industry Engagement Session in Islamabad, hosted by State Bank of Pakistan that Discussed the Global Outlook of Islamic Finance

Date posted: 15 December 2022

15 December 2022, Islamabad, PAKISTAN - The Islamic Financial Services Board (IFSB) successfully organised Members and Industry Engagement Session (MIES) Session on 14 December 2022 in Islamabad, Pakistan. The MIES Session aimed to discuss the global outlook of Islamic finance, and to provide an interactive platform for communication between the key players of the Islamic financial services industry (IFSI), from among the IFSB member and non-member organisations, and the IFSB Secretariat.

State Bank of Pakistan (SBP), a Full and Founding Member of the IFSB and the Chair of the IFSB 2022, hosted the MIES Session, and the opening remarks was delivered by H.E. Sima Kamil, Deputy Governor (Financial Inclusion, Digital Financial Services & Information Technology), State Bank of Pakistan. This was followed by a presentation on the Global Outlook of Islamic Finance: Stability, Resilience and the role of the IFSB by Dr. Bello Lawal Danbatta, Secretary-General of the IFSB. The MIES Session was concluded with an interactive session in which member organisations and industry stakeholders interacted and exchanged views with the IFSB Secretary-General and Senior Management Team on the relevant/current issues facing the IFSI, as well as the work programme of the IFSB.

The MIES Session aims to provide a platform for engagement and interaction, as well as exchange of views, among the industry leaders and stakeholders. The session was attended by over 70 participants key players of the IFSI, especially members of the IFSB from among regulatory and supervisory authorities, international inter-governmental organisations, institutions offering Islamic financial services and CEOs of both Islamic and conventional banks in Pakistan.

The MIES was conducted in Islamabad alongside other events namely; Capacity Building Programme for market players and 15^th IFSB Public Lecture in conjunction with 41^st IFSB Council meeting hosted by the State Bank of Pakistan.

For queries on the IFSB Membership, please contact the IFSB Secretariat, Mr. Ahmed Barakat at [email protected].