العدد الحالي: ايلول/ سبتمبر 2018       اختر عدد :
ترجم هذه الصفحة:
    بحث متقدم
A- A A+ : حجم الخط

كلمة المجلس العام

Abdelilah BELATIK

Secretary General of CIBAFI

  Welcome to the 39th issue of the Global Islamic Economics Magazine (GIEM).  We will update you with the emerging issues and challenges, as well as the current development of the global Islamic finance industry. The GIEM also serves as the platform for CIBAFI to keep the members and other stakeholders updated of CIBAFI’s activities and initiatives.

 

In this issue, it is a pleasure to update you about CIBAFI Executive Programs, which is the new initiative part of the CIBAFI Strategic Plan in the area of Professional Development as one of its key strategic objectives. CIBAFI has launched its first Executive Programme on Strategy and Leadership for Islamic financial institutions offered in partnership with the Ivey Business School, a top-ranked business school of Western University, Canada. The two-day programme was held in Four Seasons Hotel, Manama, Bahrain on the 19th to 20th of August 2015, and is designed for Senior Management and Board Members. It is the first in a series of Executive Programmes that are being organised by CIBAFI in response to members’ feedback calling for Executive Programmes on Strategic issues in the Islamic Financial Services Industry (IFSI).

 

Executives attending the programme have experienced a practical programme that has been carefully crafted to mirror the real business decision-making process. Participants were put in the shoes of decision-makers struggling with real challenges with sessions including case studies on issues such as achieving customer centric competitive advantage, governance in Islamic banks, financial management and more. The specific focus included understanding the Islamic Financial Institutions (IFIs) business strategy in the VRIO framework, mapping strategy of a selected IFI’s business models in a chosen market, connecting strategic thinking to performance metrics, as well as systematic internationalization and expansion strategy. The programme also exposed participants with the buzz team exercise which triggered meaningful reflections on how competitive advantages are sustained, where value is created and captured by focusing on downstream customer interactions. Other key areas covered structural approach of governance strategy in Islamic banks that creates and drives value and positive solutions, as well as financial management strategies such as investments and capital raising through Sukuk, required to sustain in the current global economic regime.

 

Another two-day CIBAFI Executives Programme will be held jointly with the Institute of International Finance (IIF ) on 29-30 September 2015, in Manama, Kingdom of Bahrain, with the aim to provide a strategic perspective on the key issues facing the Islamic Finance sector. An impressive range of expert industry practitioners will share their insights and thought leadership on approaches and new strategies. It will serve as an excellent opportunity to benchmark and improve best practices to sustain the IFIs’ performance within the current development of the global Islamic finance industry. The focus of the programme includes the global macroeconomic outlook, key regulatory developments impacting the sector, Islamic investment, product development, corporate governance, reputation risk management, and anti-financial crime strategy. The programme will conclude with a panel discussion exploring the key risks facing Islamic Finance. Executive industry leaders and expert speakers will share their insights and experiences with one another while developing best practice approaches to the topics.

 

Overall, the Executive Programmes organised by CIBAFI are aligned with the organisation’s larger strategic plan to promote and facilitate the growth of Islamic Finance, while they also come in response to feedback received by CIBAFI from a formal Members Satisfaction and Expectation Survey (SES) that was conducted in 2014. CIBAFI endeavors to satisfy the needs and expectations of its members, and with 83% of respondents from our Satisfaction and Expectation Survey (SES) showing a high interest in programmes for senior management on strategic issues in the industry, these specially designed Executive Strategy and Leadership Programmes are devised to meet our valued members’ needs.

 

CIBAFI focus and efforts are determined towards achieving its four key Strategic Objectives in order to strengthen its role as the global umbrella of Islamic financial institutions. Other initiatives are being planned in all four Strategic Objectives. Stay tuned.