العدد الحالي: تشرين 1/اكتوبر 2018       اختر عدد :
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كلمة المجلس العام

Abdelilah BELATIK

Secretary General of CIBAFI

Welcome to the 26th issue of the Global Islamic Economics Magazine, (GIEM), a publication dedicated to keeping you up to date on the key activities and achievements of CIBAFI, as well as the latest developments in the Islamic Financial Services industry.

CIBAFI recently held a host of important gatherings in Jeddah, Saudi Arabia. These included its inaugural Member’s Strategy Session, the 23rd Meeting of the Board of Directors (BOD) and the 14th Annual General Meeting. In my introduction to the GIEM this month I would like to take the opportunity to share with you the two issues that were high on the agenda of these meetings, the Satisfaction and Expectations Survey (SES), and the draft Strategic Plan 2015 – 2018.

In the 24th issue of the GIEM I shared the fact that CIBAFI had embarked on a consultation process with stakeholders in order to gather feedback on its products and services. As part of this process the Satisfaction and Expectations Survey (SES)was conducted between May and June 2014 with questionnaires disseminated to Islamic financial institutions across the globe.

I am pleased to report that the survey was a success. 67 institutions in 27 countries, comprising 42 member institutions and 25 non-members, responded. This positive response rate allowed CIBAFI to gather invaluable information from our stakeholders.

The findings shed light on a number of important issues including the standing of CIBAFI in the industry and the level of stakeholder awareness in relation to our work in supporting both the development of the industry and individual stakeholder success.  Respondents offered many beneficial comments as well as constructive criticism that have greatly helped CIBAFI to understand their changing needs and better support their future success.This valuable stakeholder input has helped shape our future strategy and has led to the development of CIBAFI’s proposed draft Strategic Plan 2015 – 2018.

The Plan, which focuses on defining CIBAFI’s strategic goals and strategic objectives, as well as determining strategic outputs in line with our organisational mandate, was presented for discussion at the inaugural Members Strategy Session that was held on 6th of July 2014. 20 member institutions from 10 countries, (Bahrain, Bangladesh, Egypt, Jordan, Kazakhstan, Malaysia, Saudi Arabia, Tunisia, Turkey and UAE), attended the interactive session which served as a platform from which members  voiced their opinion and offered their input on both the proposed future activities of CIBAFI and the draft Strategic Plan. I am pleased to report that, as well as providing input on the proposed Plan, during the session Members expressed their appreciation for the high levels of transparency in the consultancy process. In particular, members were appreciative of the fact that the Secretariat had made both the positive and the negative findings of the survey available to members.

The Strategy Session was followed, on the same day, by the 23rd Meeting of the Board of Directors (BOD). The BOD meeting was chaired by H.E. Shaikh Saleh A. Kamal, Chairman Al Barak Banking Group and CIBAFI Chairman, and discussed, among other issues, the SES survey findings and the draft Strategic Plan 2015 - 2018. I am happy to share that the BOD approved the further development of the Plan in consultation with the Executive Committee and/or the BOD of CIBAFI.

The 14th Annual General Meeting, which was chaired by Mr. Abdul Hameed Abu Musa, Governor of Faisal Islamic Bank, Egypt and Deputy Chairman of CIBAFI, was held on the evening of the 6th July 2014. The AGM served to finalise the annual meetings of CIBAFI, and offered fruitful discussions that offered valuable insight and guidance to the Secretariat.

Overall, we have had productive meetings that will facilitate the further refinement of CIBAFI’s Strategic Plan 2015 – 2018. The Plan, which we expect to finalise by the end of 2014, will serve as a roadmap to lead CIBAFI into a new era, and the industry towards an even brighter future.