Kuwait Finance House-Group (KFH) are supporting the 7th Islamic Financial Services Board (IFSB) as Platinum Sponsor, which is currently being held at the Ritz Carlton Hotel and Resort Bahrain, during the period 3-5 May 2010. The Central Bank of Bahrain is hosting the Summit and this year's theme is "Global Finance Architecture: Challenges for Islamic Finance". The IFSB, is a transnational organisation that sets mandates for prudential and supervisory standards for the global Islamic finance sector. Among the participants are high profile delegates, including central banks governors, chairmen, executive managers from Islamic banks and a number of highly respected experts within the Islamic banking industry. As a group, KFH-Kuwait, Kuveyt Türk and KFH-Bahrain are jointly co-sponsoring the event. Commenting on the occasion, Mr. Abdulhakeem Alkhayyat, Managing Director and CEO of KFH-Bahrain, emphasized the importance of the IFSB as an umbrella that supports Islamic banks, especially in terms of consolidating relations between central banks, regulatory bodies and Islamic banks. During the summit a number of pressing topics and issues are being addressed that have a direct impact and relevance to the unprecedented challenges faced by the Islamic finance industry as a result of the global financial crisis. It will examine the extent of change brought forth by the crisis on the economic growth trends and stimulate strategies that identify the best means to develop new regulatory paradigms for the financial and banking markets. This year's Summit theme "Global Financial Architecture: Challenges for Islamic Finance" provides an alternative platform to divise new methods of pre-empting the very issues that caused a near collapse of the global financial system. The main issues of this year's Summit are also being reflected in the five session topics which cover; the Changing Landscape of Financial Regulation: Implications for Islamic Finance; Macro-Prudential Surveillance Issues for Islamic Finance; New Architecture for Liquidity Management for Islamic Financial Instruments; Balanced growth of Islamic finance - the Sectoral Composition of the Islamic Financial Services Industry as a Contributor to Growth with Stability; and New Islamic Financial Architecture: Challenges Ahead.