Abu Dhabi to host IFSB Summit in October

In yet another testament to the emirate's robust economic growth, Abu Dhabi will hold the annual summit of the Islamic Financial Services Board, IFSB, for the second time since its launch on October 23rd, 2017.
The summit, to be organised by the Central Bank of the UAE, in collaboration with IFSB, comes in line with the country's sustained endeavours to turn to a leading hub for Islamic finance in the region, Mubarak Rashid Khamis Al Mansouri, Central Bank of the UAE Governor said.
The event provides a valuable platform for the exchange of knowledge and expertise between financial communities in the UAE, Gulf Cooperation Council states, the Middle East and North Africa, Al Mansouri added, noting that the syndicate sessions to be featured by the summit will reflect positively on the credit sector in the country.
The Central Bank of the UAE joined the Islamic Financial Services Council in 2004 as a full-fledged member, and is also member of the IFSC Council.
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.

Source: WAM