On behalf of CIBAFI I am pleased to share with our stakeholders, that the Board of Directors has approved CIBAFI’s Strategic Plan for the period 2019 - 2022, our roadmap for the next
four years to come.
To keep up with the rapid developments of the financial services industry and the changing needs of our members and stakeholders, it is important that we reassess our activities and initiatives every now and then to continuously align what we are doing with what our members, stakeholders, and the industry as a whole need. Thus, earlier in 2018, CIBAFI Secretariat conducted a large public consultation process that helped us to understand the key areas where CIBAFI has been supporting the industry in its development and the areas where our members and stakeholders would like to see more contribution for the years to come. Thus, with the findings of this process, CIBAFI has, under the guidance of the Board of Directors, retraced its strategic plan for the period 2019-2022.
Our new strategic plan focuses on enhancing the value proposition of Islamic finance, promoting sustainability and responsible business practices within the industry, and addressing the real concerns and challenges facing the IFSI.
Within the new strategic plan, we have reformulated our building blocks to amplify our involvement in promoting the values of Islamic finance and inclusive and sustainable development of the IFSI for the attainment of the real economy. Thus, we have reformulated our guiding strategic objectives to reflect our new strategic direction and mission. These are divided into three main objectives:
Advocacy of Islamic finance Values and related Policies & Regulations;
- Research and Innovation; and
- Training and Professional Empowerment.
Among these projects, CIBAFI will be establishing new working groups and internal
committees from CIBAFI members and Secretariat for the strengthening of our internal
competencies to ensure the desired objectives are achieved.
CIBAFI now has a clear path as it continues in its mission to promote and grow the IFSI, enhance cooperation and knowledge sharing between members and other international
institutions, and foster dissemination of Islamic finance principles and best practices. We would like to take this opportunity to thank all CIBAFI members and stakeholders for the important role they play in the tremendous development of the industry, and we look forward to your continuous support as we work towards the successful implementation of our new plan for the years to come.