4th IFSB Summit to be held under the Royal Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum

The Summit will be on 15 and 16 May 2007 at the Grand Hyatt Dubai hosted by the Central Bank of the UAE.

Professor Rifaat Ahmed Abdel Karim, Secretary General of the Islamic Financial Services Board (IFSB) said that the Summit is expected to be the largest gathering for the IFSB this year, and we are honoured that His Highness Sheikh Mohammed bin Rashid Al Maktoum has agreed to lend his patronage to this gathering of the industry leaders and other stakeholders.

The one and a half day Summit will discuss "The Need For a Cross Sectoral Approach to the Supervision of Islamic Financial Services" and 26 distinguished financial industry personalities have confirmed their participation as chairpersons and speakers.

They are: Rodrigo de Rato Managing Director, International Monetary Fund (IMF); Rasheed M. Al-Maraj Governor, Central Bank of Bahrain; Burhanuddin Abdullah Governor, Bank Indonesia; Yves Mersch Governor, Central Bank of Luxembourg; Dr. Zeti Akhtar Aziz Governor, Bank Negara Malaysia; Dr. Shamshad Akhtar Governor, State Bank of Pakistan; Sheikh Abdulla Saud Al Thani Governor, Qatar Central Bank; Hamad Al-Sayari Governor, Saudi Arabian Monetary Agency; Dr. Sabir Mohamed Hassan Governor, Bank of Sudan; Stefan Ingves Governor, Sveriges Riksbank, Sweden; Sultan Bin Nasser Al Suwaidi Governor, Central Bank of the United Arab Emirates; Dato' Zarinah Anwar Chairman, Securities Commission of Malaysia; Jaime Caruana Director & Counsellor, Monetary & Capital Market Dept., IMF; Rt. Hon. Jenny Shipley Former Prime Minister of New Zealand; Dr. Bassel Hindawi Director General, Jordan Insurance Commission; Dirk Witteveen Chairman Joint Forum & Executive Director, De Nederlandsche Bank; Philippe Richard Secretary General, International Organization Of Securities Commission; Professor Rifaat Abdel Karim Secretary-General, Islamic Financial Services Board; David Knott CEO, Dubai Financial Services Authority, UAE; William Coen Deputy Secretary General, Basel Committee on Banking Supervision; Teo Swee Lian Deputy Managing Director, Monetary Authority of Singapore; David Schraa Director, Regulatory Affairs Dept., The Institute of International Finance, Inc.; Dr. Ishrat Hussain, Former Governor State Bank of Pakistan; John Weguelin Executive Director & Managing Director, European Islamic Investment Bank, UK; Dr. Adnan Büyükdeniz, General Manager Albaraka Türk; Professor Simon Archer, University of Surrey, UK.

The IFSB will be holding 2 pre-Summit events on the 14th May 2007 at the same venue. They are the Public Hearing on IFSB Exposure Drafts 4 and 5 on Transparency and Market Discipline and Supervisory Review Process, respectively; and the Country Showcases and Networking Sessions featuring Brunei Darussalam, Bahrain, Luxembourg and Malaysia.