Riyadh (UNA) - The Saudi Central Bank will host the 9th Islamic Financial Services Board (IFSB) Summit, which will be held from 11 to 2021 November XNUMX in Jeddah, Saudi Arabia, under the slogan Islamic Finance and Digital Transformation: Balancing Innovation and Resilience. This summit aims to discuss ways to enhance innovation in the Islamic financial system, benefit from its services, adopt technology and ensure sustainability in order to drive growth and achieve development opportunities within this sector. The IFSB explained in a statement that the summit will review the political implications of rapid digital transformation, in addition to highlighting the efforts required in the future to enhance flexibility and achieve stability in the field of Islamic finance services, in addition to discussing several topics, most notably; digital transformation in Islamic financial services, crypto assets and their implications for Islamic finance, financial technology and Islamic financial services, achieving synergy between digital Islamic finance and sustainability, in addition to the effective use of technology in supervisory and regulatory activities by the authorities. Regarding the Saudi Central Bank hosting this summit, the Governor of the Saudi Central Bank, Dr. Fahad bin Abdullah Al-Mubarak, expressed his happiness to host the XNUMXth Islamic Financial Services Board Summit in the Kingdom of Saudi Arabia, saying: The Land of the Two Holy Mosques, the Kingdom of Saudi Arabia, hosts the largest Islamic finance market in the Middle East and North Africa region and among the GXNUMX countries, and continues its efforts to keep pace with developments and transformations in our digital age to achieve further growth and development, as this summit represents a unique opportunity for decision-makers and market players alike to exchange experiences and hold discussions on current and emerging issues in the field of Islamic finance. (End)
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