The Islamic Financial Services Board (IFSB) has opened its 17th IFSB Summit in Muscat, hosted by the Central Bank of Oman, convening central bank governors, regulators, policymakers and industry leaders to discuss the future role of Islamic finance amid a more complex and uncertain global financial environment. Under the theme “Islamic Finance for the Future: Breaking New Ground for Global Impact”, the summit is positioned around strengthening financial stability while addressing inclusion, sustainability and market development constraints. The programme spans crisis preparedness and financial safety nets, resilience of the Islamic financial system, navigating economic and technological disruption, strengthening the non-bank financial sector, and deepening markets including liquidity in sukuk. It also covers financial inclusion and social finance, sustainability and climate-related financial risks, and the interaction between innovation, supervision and social impact considerations, with pre-summit forums and roundtables on profitability and social purpose, digital transformation, liquidity management challenges, the role of credit rating agencies, and the contribution of NGOs. The summit runs over three days, with the main sessions continuing after the pre-summit programme.

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