CIBAFI workshop on stress testing for Islamic Financial Institutions (IFIs) was launched in Istanbul, Turkey

Press Release

Manama, Kingdom of Bahrain, Istanbul, Turkey | The General Council for Islamic Banks and Financial Institutions, the global umbrella of Islamic financial institutions, launched this morning a Technical Workshop on “Stress Testing for Islamic Financial Institutions (IFIs)”. CIBAFI Technical Workshop is being held in Istanbul, Turkey and is kindly hosted by the Istanbul School of Central Banking of the Central Bank of the Republic of Turkey.

Mrs. Zainab Al Owainaty, Director of Administration and Finance at CIBAFI, and Mr. Arda Tekirdağ, Specialist at the Istanbul School of Central Banking a directorate under the organization of the Central Bank of the Republic of Turkey have opened the workshop, welcoming the delegates Azerbaijan, Bangladesh, Iran, Kazakhstan, Mongolia, Saudi Arabia, Sudan, Libya, Ghana, Ethiopia, USA, Kuwait and Turkey representing Islamic banks and financial institutions, international institutions as well as Regulatory and Supervisory Authorities (RSAs).

The workshop will run for three days of which the participants will be exposed to the discussions on the main guidelines underpinning sound stress tests and examine different stress testing scenarios that address multiple types of risks, as well as a wide range of case studies, exercises and experience sharing sessions facilitated by senior representatives the International Monetary Fund, United Stated of America; Banking Regulatory and Supervisory Agency of Turkey; Kuwait Finance House, Kuwait and PwC Turkey. It will also examine different techniques of stress testing and the crucial role it plays in capital […]