BIBF, Ibdar Bank sign agreement

Manama  : Bahrain Institute of Banking and Finance (BIBF) has signed a Memorandum of Understanding (MoU) with Ibdar Bank to deliver a tailor-made Islamic Finance specialised Masterclass on Islamic Investment Banking. 

The MOU stipulates that the BIBF will deliver an interactive and practical Masterclass for 5 days on Islamic Investment Banking that provides a comprehensive coverage of key aspects of Islamic Investment Banking issues, with special reference to AAOIFI related standards of Investment Banking.

The Islamic Investment Banking MasterClass is a new customised offering themed on and will cover key areas of Islamic Investment Banking, such as all the (AAOIFI) related standards as well as covering the key principles and fundamentals of Sukuk that are essential in the understanding of Islamic Investment banking.

On this occasion, BIBF’s Deputy Director, Dr. Ahmed AbdulGhani Al Shaikh, stated, “The Memorandum of Understanding comes at a time where the Islamic Finance Industry is expected to grow more rapidly in the coming years.”

On his part, Ahmed AlRayes, Ibdar Bank Acting Chief Executive said, “We see the value in the growth of this sector in international markets, which will further strengthen Bahrain’s positions as a hub for Islamic Financial dealings not only regionally but internationally as well.”

The 5-day MasterClass will provide a comprehensive analysis of the Islamic Investment Banking tying it with all the related AAOIFI standards.