Sudan Participates in Islamic Financial Services Board Summit

Oman – Sudanhorizon
The Islamic Financial Services Board (IFSB) Summit, held in the Sultanate of Oman from February 2-4, addressed several key issues related to developing the banking and financial sector and highlighting Islamic banking questions.
The Acting Governor of the Central Bank of Sudan, Amina Mirghani Hassan, participated in the 17th IFSB Summit, alongside a number of central bank governors and representatives of financial institutions from member countries.
The summit discussed issues related to digital transformation in financial services and liquidity management in the Islamic banking system, contributing to enhancing financial stability and improving the efficiency of banking systems in member countries.
The Governor’s participation comes within the framework of the Bank of Sudan’s efforts to reinvigorate its international and regional relations, reintegrate the Sudanese banking sector into the global financial system, and open it up to building sustainable economic and financial relationships.
Sudan is a founding member of the IFSB and a leading country in the field of Islamic banking, with the Acting Governor serving on the Board of Governors.
On the sidelines of the summit, the Acting Governor of the Central Bank of Sudan met with a number of central bank governors from sister countries. The meetings focused on strengthening banking and correspondent banking relationships between Sudanese banks and banks in those countries, in order to facilitate trade and payment settlements.
The meetings included the Governor of the Central Bank of Oman, the Governor of the Central Bank of Malaysia, and a number of general managers of banks in the Sultanate of Oman.

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