Corporate governance to be probed at major forum

27/08/2015 08:16 AST

Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI), a global association of Islamic financial institutions, yesterday announced it is partnering the World Bank to co-organise an international conference in Jordan next month.

Being held on September 15 and 16 at Grand Hyatt Hotel in Amman, Jordan, the conference is themed ‘Corporate Governance for Islamic Financial Institutions: Lessons from Recent Global Developments’.

Under the patronage of the Central Bank of Jordan, the one-and-a-half-day conference aims to bring together various stakeholders from the private sector, multilateral development institutions, international and national regulatory bodies, policy-makers, and academia to discuss the issue of corporate governance in the Islamic financial services industry (IFSI).

The conference will be facilitated by a distinguished line-up of industry prominent experts and practitioners.

These include: Central Bank of Jordan governor Dr Ziad Fariz, CIBAFI chairman Shaikh Saleh Kamel, Central Bank of Jordan deputy governor Maher Shaikh Hasan, Central Bank of Sudan deputy governor Al Gail Mohamed Elbashir, Al Baraka Banking Group president and chief executive Adnan Ahmed Yousif, International Monetary Fund Middle East and Central Asia department adviser Dr Zeine Zeidane, Islamic Research and Training Institute director-general Azmi Omar, Central Bank of Turkey board member Dr Necdet Sensoy, Jordan Islamic Bank chief executive and general manager Musa Abdulaziz Shihadeh, Industrial Development Bank of Sudan general manager Musaad Mohamed Ahmed Abdul Kareem, Islamic International Arab Bank of Jordan general manager Iyad Asali, National Commercial Bank of Saudi Arabia executive vice-president and head of Sharia group Abdulrazzak Elkhraijy, Islamic Development Bank director of Islamic financial services department Ahmad Al Gebaliand and Accounting and Auditing Organisation for Islamic Financial Institutions deputy secretary general Khairul Nizam.

The conference will consist of five sessions: Opening Panel: Overview of Corporate Governance Landscape for Financial Institutions and Recent Updates; Enhancing Board Effectiveness and Accountability in Islamic Financial Institutions; Competitive Strategies Through Strengthening Risk Governance Framework and Mechanism: Practitioners’ Perspectives; Risk Management, Transparency and Reporting Requirements; and Sharia Governance.

Gulf Daily News