CIBAFI Wraps Up Successful Annual Meetings and Events in Turkey

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, has successfully concluded its Annual General Meetings in a hybrid format in Istanbul, Turkey, and online, supported by AlBaraka Forum for Islamic Finance.

As part of the Annual General Meetings’ side events, CIBAFI conducted a two-day technical workshop on ‘Advancing Climate Action in Islamic Finance: Practical Insights on GHG Measurement & Reporting.’ This initiative aligns with the declaration made by the Islamic Finance Infrastructure Organisations at COP28.

It highlights CIBAFI’s dedication to promoting sustainability and addressing global climate challenges in the Islamic financial services industry (IFSI). Dr. Abdelilah Belatik, Secretary General of CIBAFI, emphasized the importance of the initiative in supporting the industry’s climate action journey.

He stressed the significance of implementing CIBAFI’s GHG emissions measurement tool to facilitate climate action within Islamic banks and financial institutions. Ms. Zainab Al Owainaty, Director of Administration and Finance at CIBAFI, inaugurated the workshop with opening remarks, welcoming participants and highlighting the pivotal role of capacity building in advancing climate action within the Islamic finance sector.

She underscored CIBAFI’s ongoing efforts in this domain, emphasizing the commitment to providing strong frameworks.