PIB participates in SIBOS 2023 Exhibition and Conference in Canada

Palestine Islamic Bank participated in SIBOS 2023, a conference and exhibition held in Canada from September 18, 2023, and spanning over four days. This annual meeting, organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), is a prime event within the global financial services sector.

PIB is represented at SIBOS 2023 by Dr. Imad Al-Sadi, PIB General Manager, and Adnan Al Khuffash, the Bank’s Trade Operations Unit Manager. The event was also attended by many financial institution specialists, and experts from around the world.

During the conference, PIB representatives met with global financial institution leaders. The meetings aimed at discovering new cooperation opportunities, exchanging expertise and knowledge, and fostering the Bank’s partnerships globally.

In his comment on the Bank’s participation at SIBOS 2023, Dr. Imad Al-Sadi, PIB General Manager, noted that it was aligned with the permanent guidance of the Bank’s Board of Directors and Strategy in terms of promoting local and international partnerships through taking part in prominent events of the financial and banking sector. He also stated that such participation offers an important platform for networking and exchanging knowledge and expertise, thus contributing to creating new products and services to meet the needs and aspirations of customers and enhance their banking experience.

Al-Sadi added: “This year, the Conference tackles a number of important issues that have become topics of the hour within the global financial and banking sectors. Such topics include digital currencies, financial inclusion, artificial intelligence, cross border payments, risk management, governance, and sustainability. These topics were explored during discussion panels featured during the conference.”

Held for more than 50 years, SIBOS annual conference discusses the technical and legislative challenges faced by the banking and financial sector and the most prominent annual events related to banking and financial operations.

It is worthy to note that PIB is periodically holding awareness gatherings and panels in line with its efforts aimed at raising awareness on Islamic banking services in particular and banking services in general, in order to clarify such concepts to the public, thus contributing to fostering financial inclusion in Palestine.