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ISRA & ISRA Consulting
The Framework of Conversion from Conventional Bank to Islamic Bank
24 Aug 2020 - 24 Aug 2020
03:00 pm - 04:00 pm

The conversion of conventional banks into Islamic banks is gaining prominence in many jurisdictions. This pattern is keeping pace with the global expansion of Islamic finance. Nonetheless, the Islamic banking industry is facing challenges of lacking a comprehensive and structured framework of phases and requirements of the conversion process. The AAOIFI’s Shariah standard number 6 titled “Conversion of a Conventional Bank to an Islamic Bank” and some cross-jurisdictional guidelines lack the detailed guidelines and specified processes and procedures leaving considerable room for non-familiarity of the conversion process. As they are not established sequentially within a thorough framework while some jurisdictions have no guidelines for conversion. The webinar discusses the framework for converting a bank that embarks in a conversion journey.

Click here to register

Contact Shaira Yusoff at israconsulting@isra.my if you need more information on the webinar.
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