IFSB and FSI organise 2nd Forum on Islamic Financial Services: The European Challenge

Kuala Lumpur- The Islamic Financial Services Board (IFSB) and the Financial Stability Institute (FSI) of the Bank for International Settlements are organising the 2nd Forum on Islamic Financial Services Forum: The European Challenge on 5 & 6 December 2007 in Frankfurt, Germany. Deutsche Bundesbank is supporting the Forum.

The 2nd European Challenge Forum is organised in response to the increasing interest shown in Islamic financial services within and among European nations. The Forum will touch on the overview of the Islamic financial services industry as well as the different approaches towards its' implementation across the globe. On a more global perspective, the Forum will also serve as a platform to discuss the development of related global prudential regulations for the Islamic financial services industry developed by the IFSB in comparison to Basel II.

Secretary General of the IFSB, Professor Rifaat Ahmed Abdel Karim, commenting on the importance of holding a Forum that caters for the European market said "It is important for the IFSB to understand the different regional markets in our efforts to facilitate the sound and stable growth of the Islamic financial services industry at global level. This Forum aims to be an interactive platform for facilitating a better understanding of the Islamic financial services industry from a European perpective."