العدد الحالي: تشرين 1/اكتوبر 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 41th issue of the Global Islamic Economics Magazine (GIEM).  Where we keep you updated 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 our members and other stakeholders updated of our activities and initiatives.  

 

In this issue, it is a pleasure to update you about the recent CIBAFI initiative in the area of research. Aligned with the second Strategic Objective ‘Research and Publication’ in the Strategic Plan 2015 – 2018, the Secretariat has developed its annual publication “The Global Islamic Bankers’ Survey”, with the objective to monitor Islamic bankers’ perspectives towards the Islamic financial services industry (IFSI) on yearly basis, and provide annual recommendations which are of high relevance to the industry’s needs.  The publication aims to provide a high standard of industry-driven analysis that widely covers major issues in general within the Islamic banking industry, and can serve as a starting point for further in-depth studies.

 

To achieve this objective, CIBAFI has conducted a global survey in April -June 2015 to its member and non-member Islamic banks around the world. CIBAFI’s inaugural Global Islamic Bankers’ Survey expresses the views of the CEO office in 83 Islamic banks from 35 different countries. The survey is considered the first of its kind capturing practitioners’ perspectives in details, with significant numbers of responses from the heads of Islamic banks in both matured and frontier Islamic financial markets.

 

The survey was grouped into four main parts. The first is “Islamic Banking Confidence Index”, posing the questions to members and non-members (Islamic banks) about their optimism level, as well as main concerns with respect to various issues and challenges facing the industry. The survey included to rank the biggest concerns, among various issues, that practitioners think the Islamic banks are facing, and will face in the next few years ahead. The optimism level showed the expectation of executives towards the future of Islamic finance industry across different jurisdictions, including the top concerns that they had from back to front office. The second section is “Islamic Banking Risk Dashboard”, where the survey was to rank the biggest risks that practitioners think the Islamic banks are facing, including risks related to macroeconomic, political, compliance and AML/CFT, strategic, technology, talent, regulatory, etc. The dashboard aims to monitor the risk perception of executives in regular basis. It revealed the dynamic risk environment and exposures that Islamic banks face; thereby, requiring a sort of mitigation responses in their strategic risk management agenda.

 

The third section focused on “Key Drivers of Growth Monitor”, which aims to unravel the underlying key drivers of sustainable growth of Islamic banks across various countries, including seeking for untapped business lines as potential sources of organic growth. The core drivers were broken down into details of key areas related to risk management, consumer centricity, human development, banking technology, core values, regulations, business lines driving growth, expansion modes, investment capabilities, governance, etc.

 

On the other hand, the final section presented practitioners’ perspectives towards “Key Obstacles in Equity Finance, Profit Sharing Investment Account and SME Finance”.  The findings conclude some of the main capacities that Islamic banks need to build, as well as responsibilities of various stakeholders to develop external infrastructures for inclusion and risk sharing. The report is expected to be launched on November, 2015.

 

In a separate initiative, in line with its Strategic Objective ‘Awareness and Information Sharing’, CIBAFI, together with the Association of the Mediterranean Chambers of Commerce and Industry (ASCAME) and the Chamber of Commerce of Barcelona, are co-organising the 3rd Mediterranean Islamic Finance Forum, themed “Building Bridges” on the 27th of November 2015, at Casa Llotja de Mar in Barcelona, Spain. In response to the huge demand for development of Islamic Finance in the Mediterranean region, CIBAFI has started its Maghreb (Mediterranean) Forum in Tunisia in 2011 and Mauritania in 2012. This 3rd Edition will play a key role in building bridges for capital flows between Europe, the Middle East and beyond, with Islamic finance as a key catalyst for further economic development and boosting investment levels. It will bring together business leaders, policy makers and regulators to discuss challenges and opportunities for the Mediterranean region to tap into Islamic finance as a key source for Infrastructure projects and Small and Medium Enterprises (SME) financing. The Forum will shed more light on the Sukuk, which plays an important role in boosting the global volume of infrastructure financing. It is also important to link the Forum’s second topic the SME financing to the Agenda of the G20 and the B-20 Turkey Financing Growth Taskforce that aims to increase and diversify the access to equity for SMEs, as well as to promote infrastructure financing.

 

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.