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Malaysia, Singapore and Hong Kong to showcase Islamic finance initiatives in IFSB Amman Summit on 12th May

Jordan: Thursday, April 24 - 2008 @ 08:01

The Country Showcases are part of this annual Summit which is scheduled to be on 13-14th May 2008. The Summit, that the Central Bank of Jordan is hosting, is held under the Royal Patronage of Her Majesty Queen Rania Al-Abdullah, and themed ‘Financial Globalisation and Islamic Financial Services’.

Professor Rifaat Ahmed Abdel Karim, IFSB’s Secretary General said,

“This is our second year of introducing the Country Showcases as a Pre Summit event. The IFSB is happy to provide this platform for its member countries to showcase their individual country initiatives and policies on Islamic financial services. This is in line with the IFSB mandate to encourage cooperation amongst its member countries in developing the Islamic financial services industry as a whole.”

The Country Showcases will run concurrently with another Pre Summit event, namely a Public Hearing on two IFSB Exposure Drafts: 1) Governance for Islamic Collective Investment Schemes and 2) Capital Adequacy Requirements for Sukuk Securitisation and Real Estate Investment, which were issued in December 2007 for public consultation as part of the IFSB due process for preparing its standards and guidelines.

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Thursday, April 24- 2008 @ 8:01 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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