Tunisia to host CIBAFI-UAB forum

Manama, Aug. 29 (BNA): The Union of Arab Banks (UAB) and the General Council for Islamic Banks and Financial Institutions (CIBAFI) are jointly organizing a forum titled: "The Developing Markets of Islamic Finance: Policies, Regulations, and Market Practices". This forum will be held in Tunisia during the period on September 28 - 29 under the patronage of Chedly Ayari, Governor of the Central Bank of Tunisia. The new markets of Islamic finance also known as "developing markets" serve as the key to globalize Islamic finance as well as strengthen the cross-border linkages. While regulators and supervisors in respective new markets play a critical role in establishing proper Islamic finance regulatory framework, global Islamic financial institutions also have a large contribution in cross-border market penetration, knowledge transfer, and competitive strategies The forum aims at discussing the strategic perspectives to unlock potentials of Islamic finance in the developing markets of Islamic finance, and uncover some imminent areas of growth drivers and challenges. The programme will also unveil the inherent business opportunities for Islamic financial institutions, aligned to the emerging trends in the frontier markets. This two-day event will bring together various stakeholders from the Islamic finance industry, multilateral development institutions, international and national regulatory bodies, policy-makers, and academia to discuss the issue of frontier markets of Islamic finance.