International Monetary Fund
World Bank GroupIslamic Finance: Unlocking its Potential and Supporting Stability
imf seminars event
DATE: April 16, 2015
DAY: Thursday
12:30 PM - 2:00 PM
LOCATION: George Washington University, Jack Morton Auditorium
Overview
Though still a small share of global finance, Islamic finance is growing rapidly and has enormous potential for further growth. The Islamic banking sector is now systemically important in several member countries and the internationalization of the Sukuk market has increased cross-border financial flows and linkages. Islamic banking also has the potential to foster greater financial intermediation and inclusion, especially among Muslim populations that may be underserved by conventional banks, and to facilitate lending in support for small- and medium-sized enterprises, while Sukuk can facilitate investment in public infrastructure projects. However, for this potential to be realized and to allow this industry to develop in a safe and sound manner, it will be important, among other measures, that countries adapt their regulatory, supervisory, and consumer protection frameworks to address the unique risks in Islamic finance, take further steps to develop Shari`ah-compliant financial markets and monetary instruments, and strengthen the international architecture for the growing cross-border operations.
Broadcast event: No video or flash photography permitted for this session
Related Link
Islamic Finance and the Role of the IMF
Media Partners
Islamic Finance: Unlocking its Potential and Supporting Stability
Panelists
Moderator: Naser Eltibi
Naser El Tibi is a Senior Producer of business news at Al Arabiya News Channel, the leading pan-Arab TV station, based in Dubai, U. A. E. He plays a key editorial role on the highest rated business news programs on Arab Television. He holds a MA in Economics and the Mass Media from England and a Bachelors of Commerce in Economics from Canada. During his years in financial journalism, Naser has interviewed many prominent figures and decision makers such as ministers, Nobel Award laureates and CEOs of major multi-nationals.
