Doha: Under the patronage of the Qatar Central Bank (QCB), the Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, in partnership with the Islamic Financial Services Board (IFSB) will bring the 4th IFSB Innovation Forum to Qatar on Wednesday. Themed ‘Innovations for Sustainability and Regulation of Financial Services’, the Forum will take place from 9:00am to 4:00pm at the St Regis Doha.
The 4th IFSB Innovation Forum will convene key stakeholders in the international Islamic finance and sustainable finance communities to focus on the promotion and development of innovative sustainable finance solutions vital in creating a competitive edge for the Islamic Financial Services Industry (IFSI).
Dr Bello Lawal Danbatta, Secretary-General of IFSB will address the delegates in his welcome remarks, which will touch on the recent developments around sustainable finance and Sukuk market and how it impacts the IFSI. H E Sheikh Bandar bin Mohammed bin Saoud Al Thani, Governor of the Qatar Central Bank, will deliver the opening keynote address, and Yousuf Mohamed Al Jaida, Chief Executive Officer at QFC will address Qatar’s initiatives toward mitigating the consequences of climate change, preserving the environment, and how Islamic finance supports the realisation of a socially and economically equitable future.
The event will feature speakers from key international and local institutions such as Bank Negara Malaysia, Saudi Central Bank, United Nations Development Programme, HSBC, QInvest, Standard and Poor’s, UK Export Finance, and Global Green Growth Institute among others.
The IFSB Innovation Forum targets regulators, policymakers, Islamic financial services institutions, academic and research institutions, financial service providers, legal practitioners, Shariah advisors, and other key stakeholders in the IFSI.
To register, visit https://www.ifsb.org The QFC is an onshore business and financial centre located in Doha, providing an excellent platform for a broad range of financial and non-financial services firms to do business in Qatar and the region. It offers its own legal, regulatory, tax and business environment, which allows up to 100 percent foreign ownership, 100 percent repatriation of profits, and charges a competitive rate of 10 percent corporate tax on locally sourced profits.
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 IFSB also conducts research and coordinates initiatives on industry-related issues, as well as organises roundtables, seminars and conferences for regulators and industry stakeholders. Towards this end, the IFSB works closely with relevant international, regional and national organisations, research/educational institutions and market players.
Members of the IFSB comprise regulatory and supervisory authorities, international inter-governmental organisations and market players, professional firms and industry associations.
