Forum discusses COVID-19 implications on Islamic finance industry

The Centre for Islamic Banking, Finance and Management (CIBFM), with the support of Autoriti Monetari Brunei Darussalam (AMBD), organised the Muzakarah Ilmuan Kewangan Islam (MIKI) themed ‘COVID-19: Implications for Brunei’s Islamic Finance Industry’ recently.
The forum, held virtually, received over 100 local and international registrations.

Representatives from AMBD, local and international financial institutions, as well as lecturers and students from higher education institutions were among the participants.

The forum was moderated by Universiti Islam Sultan Sharif Ali (UNISSA) Assistant Lecturer Dr Amni Suhailah binti Abarahan.

The speakers were International Centre for Education in Islamic Finance (INCEIF) President and Chief Executive Officer (CEO) Professor Dato Dr Mohd Azmi bin Omar; AMBD Assistant Executive Director Dayangku Sri Joedianna binti Pengiran Haji Mohammed; Bank Islam Brunei Darussalam (BIBD) Chief Marketing Officer Hajah Nurul Akmar binti Haji Mohd Jaafar; and Insurans Islam TAIB Family Takaful Sdn Bhd General Manager Haji Shamsul bin Haji Muhamad.

The virtual forum featured an in-depth discussion on the impact of the COVID-19 pandemic on financial institutions’ business plans and strategies, the importance of leadership during a crisis, the advancement in financial technology which has been brought about and the changes to how we work.

MIKI is one of CIBFM’s platforms for professional open discussions on issues and trends in the Islamic finance industry in Brunei, gathering Islamic bankers, Syariah advisors, academicians, regulators and other experts to share ideas, expertise and knowledge to their peers for the development of the industry.

A screenshot of the forum. PHOTO: CIBFM