On Monday, August 14, 2023, the Saudi Central Bank (SAMA), in cooperation with the Islamic Financial Services Board (IFSB), organized a workshop on “Capacity Building for Banking Sector" on the sidelines of the IFSB annual meetings. The workshop focused its discussions on developments in the Islamic financial sector and enhancement of the resiliency and stability of the Islamic financial services industry.

With the participation of more than 40 experts in the Islamic financial services industry, the first session discussed the “Islamic Window Operations from the Perspective of the IFSB's standards" where several topics were discussed, most notably: Islamic Window activities, capital adequacy, liquidity management and disclosure requirements for Islamic window operations. The second session on “Shariah Governance Framework from the Perspective of the IFSB's standards" discussed the guiding principles of Shariah governance systems for Islamic financial services providers and the structure and components of the Shariah governance system.

The IFSB 2023 annual meetings will be hosted in Riyadh, chaired by H.E. Ayman Al-Sayari, Governor of SAMA and Chairman of the IFSB's Board Council. Governors and Council members will attend the annual meetings of the 42nd IFSB Council Meeting and the 21st General Assembly.​