Islamic finance council to finalise 'strategic plan'
Manama, July 16, 2014
Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI), a global umbrella organisation of Islamic financial institutions, is set to finalise its Strategic Plan 2015-2018 by the end of the year.
The announcement follows the organisation's 14th annual general meeting at the Hilton Hotel, Jeddah, said a report in the Gulf Daily News (GDN), our sister publication.
The meeting included the inaugural member's strategy session and the 23rd meeting of the board and featured discussion on the findings of a recent stakeholder survey.
"As the 'voice' of the industry, stakeholder feedback is vital and therefore meetings such as the annual general meeting, and the members strategy session, are invaluable as they provide a platform from which members can add their own voice," CIBAFI secretary general Abdelilah Belatik said.
"The board has approved the finalisation of the proposed strategic plan, which is a roadmap that will herald a new era for CIBAFI as it continues to support further industry development."
The survey was disseminated to 67 Islamic financial institutions in 27 countries across the globe.
It was undertaken in order to gather stakeholders feedback that would allow CIBAFI to enhance its product and service offerings and shape a strategy that works towards the successful development of both its members, and the Islamic financial services industry as a whole. - TradeArabia news Service