JEDDAH: The Islamic Financial Services Board Summit opened on Tuesday in Jeddah. The event is hosted by the Saudi Central Bank and attended by representatives of central banks, financial institutions and regulatory authorities from more than 18 countries. The theme of this year’s summit is “Islamic finance and digital transformation: Balancing innovation and resilience.” The three-day conference will host 15 panel discussions and and a workshop to discuss the political effects of rapid digital transformation. It will also discuss ways to achieve synergy between Islamic digital finance and sustainability.