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IFSB, BIBF set to hold Islamic finance programme

KUALA LUMPUR / MANAMA, September 5, 2018

The Islamic Financial Services Board (IFSB) and BIBF will hold their third joint IFSB-BIBF Islamic Finance Executive Programme (IFEP) series covering topics on fintech, Regtech and Islamic finance on October 17 and 18 in Manama, Bahrain.

Themed “Fintech, Regtech and Islamic Finance”, the third edition of the event will focus on the role of fintech in the Islamic finance industry, the threats and regulatory challenges that fintech impose on the industry.

This Islamic Finance Executive Programme aims to address the rise of fintech in the Islamic finance industry, highlighting both the opportunities and challenges of new fintech products in the market.  The programme will shed light on the new innovative digital products in Islamic finance, the application of blockchain technology and Shariah opinion in cryptocurrencies.

It will also discusses the role of regulatory and supervisory authorities (RSAs) in regulating fintech and the need for a wide-ranging reconceptualisation of financial regulation in an era of technology-enabled finance, cybersecurity threats, consumer protection measures along with risk management practices by Fintech providers are among the topics that will deliberated by panellists on this programme.

The panel session, as a key feature of this Islamic Finance Executive Programme will highlight key issues and challenges in Islamic capital markets relating to the Shariah framework, the resilience of its infrastructures as well as develop policy recommendations drawing on the views and experiences of both supervisors and market practitioners.

 Among the topics which will be covered are:

    Digital Products and Islamic Finance     
    Application of Blockchain in Islamic Finance
    Moderated Session: Regulatory and Legal Framework for Fintech
    Fintech and Risk Management
    Cybersecurity Threats and Protection of Financial Assets and Consumer Protection in Fintech
    Panel Discussion on Digitisation of the insurance industry and learnings for the Takaful industry

The IFSB is an international standard-setting organisation that promotes and enhances the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for the industry, broadly defined to include banking, capital markets and insurance sectors.

 The BIBF was established in 1981, and operates under the Central Bank of Bahrain as its main training arm serving the Banking & Finance sectors of Bahrain. – TradeArabia News Service

Tags: Islamic Finance | BIBF | IFSB |

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