Central Bank of Kuwait Stresses Islamic Conference Importance in Countering Challenges

Kuwait, MINA — Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Al-Hashel stressed Monday importance of the upcoming global conference on Islamic finance in countering challenges facing Islamic financing sector.

The three-day conference, slated for May 2, will shed light on the importance of Islamic finance to sustainable and inclusive growth, KUNA reported, quoting Al-Hashel in a press statement.

It will also focus on Islamic finance’s “major appeal” as a tool for “inclusiveness” and its role in the broader national economic agenda, he added.

The event, co-organized by CBK and the Islamic Financial Services Board, is expected to attract over 20 leading financial experts, senior banking officials, policy-makers as well as global rating agency and audit body representatives, he said.

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Other participants will include representatives of young, emerging and advanced Islamic financial markets, in addition to Islamic financial service councils, International Islamic Liquidity Management Corporation, a number of Islamic law clerics, and representatives of financial technology companies and rating agencies, Al-Hashel added. (T/RS5/RS1)

Mi’raj IslamicNews Agency (MINA)