CIBAFI's third Global Forum announced

Manama, Feb. 28 (BNA): The General Council for Islamic Banks and Financial Institutions (CIBAFI) said it will hold its third Global Forum themed "New Image of Financial Services: Disruptions, Opportunities and Norms" under the patronage of the Banking Regulation and Supervision Agency of Turkey (BRSA) on May 2-3 in Istanbul, Turkey. Following the success of CIBAFI’s Global Forum in May 2016 and 2017 hosted in the Kingdom of Bahrain and Jordan respectively, CIBAFI will hold the 2018 edition of its Global Forum in Turkey. This year, CIBAFI Global Forum aims to bring stakeholders of change onto a platform to discuss disruptions that are setting a new norm for the global Islamic financial services industry. All stakeholders, including regulators, bankers and customers alike are poised to reap benefits only if informed of the ground realities of these innovations, ultimately shaping their competitive advantages for the future of the industry. Top industry stakeholders from within and outside of the Islamic finance industry, multilateral development institutions, international and national regulatory bodies, policy-makers, leading technocrats, among others will discuss disruptions, opportunities and key emerging issues effecting the Islamic financial sector today. Commenting on the preparations of the Global Forum, the Secretary General of CIBAFI, Abdelilah Belatik, said: "CIBAFI is pleased to hold its 3rd Global Forum in Istanbul, Turkey to discuss key topics of Islamic finance. The region has needs as well as untapped opportunities. Islamic finance can certainly contribute in various areas to promote economic development as well as open new expansion opportunities for Islamic financial institutions. Turkey is playing a vibrant role in the Islamic financial services sector globally and we at CIBAFI are thus very much delighted to have the Global Forum in Istanbul."