Istanbul, Turkey: Bahrain-based the General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, announced the launch of its 3rd Global Forum in Turkey which attracted 350 delegates from 37 countries.
Themed “The New Face of Financial Services: Disruptions, Opportunities and the New Normals” the Forum was organised in partnership with the Banking Regulation and Supervision Agency of Turkey (BRSA) at Raffles Istanbul Hotel in Istanbul, Turkey.
The24X7News Bahrain (www.twentyfoursevennews.com) is the media partner of the 3rd Global CIBAFI Forum being held in Turkey, and the two-day Forum, attracted stakeholders from the Islamic finance industry, multilateral development institutions, international and national regulatory bodies, policy-makers, and academia to discuss the key emerging issues within the industry. The Forum was attended by more than 350 delegates from over 37 countries.
The event was opened by welcoming remarks of Abdelilah Belatik, Secretary General, of CIBAFI; Abdulhameed M. Aboumoussa, Governor of Faisal Islamic Bank of Egypt and Deputy Chairman of CIBAFI; Melikşah Utku, General Manager of Al Baraka Türk Participation Bank and Chairman of the Participation Banks Association of Turkey; and Mehmet Ali Akben, Chairman, Banking Regulation and Supervision Agency, Turkey.
The Forum witnessed the launch of two groundbreaking reports, namely CIBAFI Global Islamic Bankers’ Survey 2018 and Global Takaful Survey 2018, where CIBAFI Secretary General Abdelilah Belatik during the launch reported that having actual perception of Islamic Banks CEOs from 103 Islamic Banks from 31 countries measured on year by year basis is by itself an achievement. This year CIBAFI also stepped into the Takaful sector by starting to measure the industry growth drivers and future outlook.
Session one, themed “Global C-Suite Opening Panel: Leadership Response to the Change”, was chaired by Musa A. Shihadeh, Chief Executive Officer, Jordan Islamic Bank. And it included panelists such as bdessamad Issami, Chief Executive Officer, Umnia Bank, Morocco; Iyad G. Asali, General Manager, Islamic International Arab Bank, Jordan; Shadi Zahran, Chief Financial Officer, Kuwait Finance House, Kuwait; Benjamin Young, Senior Sovereign Analyst, S&P Global Ratings, UAE; Wadeaa Nori Al Handhal, Chairman, Iraq Private Banks League, Iraq; and YBhg. Dato’ Haji Mohd Redza Shah Bin Abdul Wahid, Chief Executive Officer, Bank Muamalat Malaysia Berhad, Malaysia. The session focused on CEOs’ reaction to transformation, and how it affected the leading manners and better usage of resources. The session discussed regional business environment and how to deliver Islamic banking services with a facelift through an ecosystem of e-partnerships.
