• Published on 13 March 2024
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16th IFSB Summit to take place in May

The Islamic Financial Services Board (IFSB), an international standard-setting body that promotes Islamic banking's soundness and stability, has announced its 16th IFSB Summit on 8 and 9 May 2024, in Bandar Seri Begawan, Brunei Darussalam.

Organised by the IFSB and hosted by the Brunei Darussalam Central Bank (BDCB), this biennial summit is considered a pivotal event in the realm of Islamic finance.

With the theme ‘Islamic finance and financial stability in an evolving environment: Navigating emerging risks’, the summit will focus on the opportunities and advantages of embracing change and innovation within the Islamic financial services industry (IFSI), promoting sustainable, inclusive, stable, and resilient growth.

Suhail Issa Al Zadjali, acting secretary-general of IFSB, expressed his enthusiasm, stating: "We are excited about the upcoming 16th IFSB Summit, especially with the BDCB as our esteemed host. Being held in Brunei, a nation renowned for its steadfast dedication to Islamic finance, will undoubtedly enrich the event, and we are confident that it will leave a lasting impact on the Islamic finance landscape,”

Regarded as a crucial platform for bringing together policymakers and stakeholders for essential discussions, the IFSB Summit is expected to gather prominent participants from regulatory and supervisory authorities, international inter-governmental organisations, alongside industry experts and market players, solidifying its status as a global gathering of key stakeholders in the IFSI.

Re-disseminated by The Asian Banker