The Islamic Financial Services Board (ISFB) will hold the first Islamic Financial Services Forum in Luxembourg on November 9.
The ISFB is an international body that includes regulatory and supervisory agencies for the Islamic Financial services industry.
The two-day forum will be hosted by the Banque Centrale Du Luxembourg (Central Bank of Luxembourg).
ISFB said that the forum is designed to serve regulators, finance officers, financial analysts, compliance officers, actuaries, accountants, auditors, retail and private bankers, fund managers, investment advisors, lawyers and academics.
“The IFSB is proud to organize this first issue-driven forum in Europe with the Central Bank of Luxembourg," said IFSC secretary-general Prof Rifaat Ahmed Abdel Karim.
"The Forum is aimed at providing participants with an opportunity to discuss the challenges that they will face when Islamic financial services are widely offered in Europe,"
“The end result of this forum will hopefully act as a catalyst for the Islamic financial industry to make a quantum leap into the highly competitive market of Europe which holds significant potentials for the growth of Islamic finance.” Prof Rifaat added.