العدد الحالي: تشرين 1/اكتوبر 2018       اختر عدد :
ترجم هذه الصفحة:
    بحث متقدم
A- A A+ : حجم الخط

The 77th edition of the Global Islamic Economics Magazine GIEM

Abdelilah BELATIK

Secretary General of CIBAFI

Welcome to the 77thedition of the Global Islamic Economics Magazine (GIEM). As always, it is our pleasure to keep you informed with the current updates and prospects of the global Islamic financial services industry (IFSI). The GIEM also serves as a platform for CIBAFI to keep its stakeholders informed about its activities and key initiatives.

With CIBAFI’s nearly ending Strategic Plan 2015 – 2018, CIBAFI has embarked on the development of its upcoming strategic plan since the beginning of this year 2018. It has conducted a large consultation process to reassess its activities and ensure the alignment of its outputs with the changing environment andthe changing needs of its members and other stakeholders. The consultation process included: i) Members’ strategic sessions held in a number of countries, including Mauritania, Kenya, Kingdom of Saudi Arabia, Malaysia, Sudan, Kingdom of Bahrain, and Tunisia, which were attended by some of the industry’s top leaders; ii) Meetings with CIBAFI’s Board of Directors; iii) Discussions with CIBAFI’s consultative experts and practitioners; and iv) A formal survey sent to members and non-members, aiming to measure the satisfaction and expectations of CIBAFI’s stakeholders. Through this consultation process, and the guidance of its BOD, CIBAFI has identified the main priorities on which it should be focusing for the coming period and is currently in the process of formulating its Strategic Plan 2019 – 2022 that will serve as a guide for its upcoming activities and initiatives.

As part of CIBAFI’s third Strategic Objective of Awareness and Information Sharing, CIBAFI and the World Bank successfully launched their second joint Conference on “Corporate Governance of Islamic Financial Institutions: Overcoming Challenges and Implementing Best Practices” that was held in Sasana Kijang, Kuala Lumpur, Malaysia on the 2ndof October 2018. The 2ndCIBAFI – World Bank Conference was organised in partnership with Bank Muamalat Malaysia Berhad and supported by Malaysia World's Islamic Finance Marketplace (Bank Negara Malaysia). It was organised as part of the MOU signed between CIBAFI and the World Bank that aims to reinforce both CIBAFI’s and the World Bank’s commitment to help foster the development of Islamic finance globally, including in the developing markets in the area of Corporate Governance. The conference brought together leading Corporate Governance stakeholders from the Islamic finance industry, multilateral institutions, international and national regulatory bodies, policy-makers, and academia to discuss emerging issues and the best practices in light of recent Corporate Governance developments. The topics discussed within the conference included Board Effectiveness; Risk Management, Transparency and Reporting Requirements; as well as Shariah Governance. The Conference was attended by more than 200 active delegates from 25 countries.

In conjunction with the 2ndCIBAFI – World Bank Conference, CIBAFI held its 34thBoard of Directors meeting on 4thof October 2018 in Kuala Lumpur, Malaysia. The meeting witnessed a discussion on CIBAFI’s current activities and upcoming projects as well as a discussion on CIBAFI’s new strategic plan for the upcoming period of 2019-2022. 

Under CIBAFI’s Fourth Strategic Objective of Professional Development,CIBAFI and Ivey Business School at Western University, Canada will be jointly organizing the CIBAFI – Ivey Business School Executive Programme on Strategic Thinking, FinTech Innovation, Founder’s Mentality, and Leading Digitalization on 13 – 14 November 2018, in Manama, Kingdom of Bahrain. This 2018 Executive Programme continues the successful collaboration between CIBAFI and Ivey Business School to deliver a world class and highly interactive learning experience for IFIs’ Executives in the domain of Leadership and Strategic Thinking. The programme begins with a practical deep-dive into the application of strategic thinking, which is crucial for the development of business leaders in this rapidly changing and uncertain world and ends with a highly interactive exercise with personalized take-aways reflecting the Ivey learning approach which is based on learn-by-doing, not just learn-by-listening. Participants of the Executive Programme will be able to prototype and test specific business ideas and models to enhance the customer experience and improve performance of various business lines within their institutions. Participants will be entitled to receive joint certificates of attendance from CIBAFI & Ivey Business School at the end of the programme. 

CIBAFI will continue to focus on important industry issues and help address them as part of its mandate as well as to support the Islamic finance industry, ensuring its continuous success. Stay tuned!