The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Financial Services Board (IFSB) of Malaysia will be organising a joint IFSB-BIBF Islamic Finance Executive Forum (IFEP) programme series, themed: "Building Robust Risk Management Infrastructure: Growth Driver for Islamic Finance," in October 5-6 here in Manama.
This inaugural IFEP will see senior industry practitioners, regulators and academics share their thoughts on the management of a wide array of risks inherent in Islamic banking institutions. Participants will be able to appreciate the foundational framework of various aspects of risk management in Islamic banks and the impact of regulatory and market developments in a rapidly changing environment.
During the two- day programme, participants will get a high level view on risk governance and Enterprise Risk Management (ERM) as well as discuss the latest developments in the management of the unique aspects of risks faced by Islamic banks, such as Sharia non-compliance, credit and liquidity risks.
The IFEP is ideal for Chief Executive Officers and Board Members of Islamic banks, and will benefit senior managers in risk management, Sharia governance and compliance functions, as well as regulators and supervisors of Islamic banks, auditors, lawyers, academics and researchers working in this sector.
The IFSB and BIBF signed a Memorandum of Understanding (MoU) on 22 March 2012 marking a collaboration between the two institutions in providing relevant activities relating to the training and education of Islamic finance; to build awareness among industry players through joint conferences, seminars and other events, as well as developing capacity and skill building among Islamic finance practitioners.