(MENAFN Editorial) The Islamic Financial Services Board (IFSB) will start off the 11th Annual Summit with two days of Pre-Summit events on 19 and 20 May 2014. Themed, "New Markets and Frontiers for Islamic Finance: Innovation and the Regulatory Perimeter", the 11th edition of this IFSB annual landmark Summit will be held on 21 and 22 May 2012 at Le Meridien Ile Maurice, Mauritius. Bank of Mauritius is the host for the 11th Summit
The pre-Summit events add value to the Summit proceedings and provide participants and speakers various networking opportunities and platforms to meet, discover and discuss the Islamic financial services industry issues prior to the main event
Three programmes are planned on 19 May 2014. They are the IFSB Meet the Members Session, the IFSB “ IRTI Session on Mid-Term Review (MTR) of the "Islamic Financial Services Industry Development: Ten-Year Framework and Strategies" and Industry Development Sessions
The Meet the Members Session is a platform for the IFSB Secretariat to meet the IFSB members with the aim to understand the issues and concerns faced by them to ensure that the activities planned and conducted by the IFSB are of relevance and are in line with the needs of its members.
In March 2007, the Islamic Financial Services Board (IFSB), in collaboration with the Islamic Research and Training Institute (IRTI), published The Islamic Financial Services Industry (IFSI) Development: Ten-Year Framework and Strategies (10-Year Framework). In light of the increasingly challenging economic and financial environments as well as the significant developments taking place in the international financial landscape post-crisis, in 2013, the IFSB and IRTI have collaborated on a project to review the Framework to ensure that it remains relevant in serving as a guide for various Islamic finance jurisdictions to assist them in charting the future direction of the industry. The Session will discuss the key findings and recommendations of the Report which is currently being finalise
The IFSB Industry Development Showcase was launched in 2013 during the 10th IFSB Summit in Kuala Lumpu and saw the participation of Islamic Corporation for Insurance of Investments and Export Credits (ICIEC) and the OIC Stock Exchange Forum. In 2014, this segment has been rebranded as the Industry Development Session which provides a splendid opportunity for the IFSB member and non-member organisations, including multilateral organisations, to present their work, initiatives and updates in supporting the growth and development of the Islamic financial services industry.
On 20 May 2014, the Pre-Summit events will comprise a Business Forum by the Malaysia International Islamic Finance Centre (MIFC), a country showcase as well as Knowledge Sharing Partner Session by INCEIF.
The MIFC has confirmed its participation in the pre-Summit by organising a Business Forum. This is the second time MIFC is organising the Forum, which made its debut last year, on the same platform, entitled, Business Talk on Ethical Investing: Future Outlook and Opportunities. It will be followed by a networking lunch
The Country Showcase, introduced in 2007 as part of pre-Summit event provides a platform for countries who wish to promote themselves as centres for Islamic finance. It also provides the IFSB members and the global financial community the opportunity to network while opening possibilities to potential investments and business partnerships.
The Knowledge Sharing Partner Session (KSPS) which was introduced in 2013 provides a platform for IFSB partner organisations to initiate dialogue and discussions, present ideas as well as exchange views. It also encourages promotion of knowledge sharing, partnership, and cooperation among the members of the IFSB, and the Islamic financial services community at large. This is the second year that INCEIF is partnering for the KSPS. The theme for this year's KSPS is "Importance of New Markets for the Global Islamic Finance Industry.
The Pre-Summit events will be followed by the main Summit on 21 and 22 May 2014.
More information on participation and registration of the 11th IFSB Summit can be found at its official website: http://www.ifsbmauritius2014.com.