October 26, 2016

The Islamic Finance Council UK (IFC) and the International Shari’ah Research Academy for Islamic Finance (ISRA) are delighted to announce details of their forthcoming Thematic Workshop taking place in London on Wednesday 26th October 2016. The event, entitled Is the Current Model of Shari’ah Governance Fit for Purpose?, will include the launch of the seminal External Shariah Audit Report.

Leading international scholars will partake in a live audience debate exploring current Shari’ah governance model including a review of the role of scholars, impairment, gaps and weaknesses in current structures. Perspectives from world leading scholars, including Sheikh Prof. Dr. Mohamed Ali Elgari (Saudi Arabia), Prof. Dr. Mohamad Akram Laldin (Malaysia) and Dr. Bashir Aliyu Umar (Nigeria) and Sheikh Haytham Tamim (UK), will be shared.

The seminal External Shariah Audit Report will be launched at the event. The report, underpinned by the insights shared by 30 exclusive in-depth interviews with regulators, auditors and financial institutions in Bahrain, Oman, Malaysia and Pakistan, reviews the development of international regulations and early implementation challenges for external shariah audit.

A regulators session, chaired by Stella Cox, with representatives from the Bank of England and State Bank of Pakistan, will explore challenges in regulating Shari’ah scholars.

The final session will be on individual ethics and reflecting on the public dismay towards bankers’ bonuses, rate fixing and miss-selling scandals in conventional banking markets will ask: are Islamic banks immune to such? and is it all about the fatwa? to what extent should Islamic bankers be individually and personally responsible? Views will be shared by a number of finance professionals including Sultan Choudhury (CEO, Al Rayan Bank Plc), Mohamad Noranuar Bin Sajari (Bank Nizwa) and Umer Suleman (HSBC).

The thematic workshop has attracted a world-class line-up of speakers whom will gather in London to share their views on key challenges facing the Islamic finance industry. The event, hosted by K&L Gates, is free of charge to attend subject to available spaces. Register now to secure your place at what promises to be a very interesting and engaging event.

Click HERE for further information and to register.