11th IFSB-INCEIF Executive Forum: Creativity and Innovation in Islamic Financial Products - Standardisation and Competitiveness | Islamic Financial Services Board | 16 August 2017 | Sasana Kijang, Kuala Lumpur, 2, Jalan Dato Onn, Kuala Lumpur, 50480 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

Islamic Finance Institutions Require Innovation and Creativity in Product Design and Delivery. While Islamic finance institutions must adhere to Shari‘ah rules and principles, they must also satisfy their wide spectrum of customers, meet innovative aspects of new products and fulfil the needs and aspirations of stakeholders and society.
The 11th edition of the IFSB-INCEIF Executive Forum, themed Creativity and Innovation in Islamic financial products: Standardisation and Competitiveness, aims to push the current boundaries and explore the capabilities of the Islamic finance industry to innovate and develop an array of products to satisfy different customer demand segments. This Executive Forum also aims to delve into and draw upon the market player's perspectives on product development and innovation in Islamic finance.
Innovation and creativity will be the buzz words of this Executive Forum. It aims to provide a platform for presenting diverse sets of product innovations, where participants are expected to enrich the discussions with suggestions for enhancements towards reaching greater heights for the industry. This Executive Forum will also highlight the challenges facing market players as well as banking supervisors in ensuring that robust Shari’ah governance structures are in place during product design and execution. It is expected that the participants, from among industry players and supervisors, will brainstorm and participate in in-depth discussions on a wide range of Islamic finance instruments. Among them equity/risk-sharing structures, consumer finance, structured trade finance and other instruments serving niche markets. These sessions will aim at illuminating issues related to promoting both standardization with healthy competition in Islamic banking, Takaful, ICM while at the same time exploring the potential use of, and contribution to, Fintech and Financial inclusion, respectively.

Islamic Financial Services Board (IFSB) and INCEIF