IFSB Announces 15th Summit for Islamic Financial Services to be Hosted by Saudi Arabia  

The Islamic Financial Services Board (IFSB) has announced that the Central Bank of Saudi Arabia is to host the biggest gathering of Islamic financial services in November 2021 in Jeddah., The theme of the 15th Summit for Islamic Financial Services is: Islamic Finance and Digital Transformation: Balancing Innovation and Resilience.

Why it Matters?

The summit is to focus on strategies to promote the Islamic financial system's growth and development by encouraging innovation, technology accessibility and sustainability, as well as the policy implications of rapid digital transformation. Participants are to also discuss the political consequences of this rapid digital transformation, as well as the future measures needed to improve flexibility and stabili...