BisB gold sponsor of AAOIFI Shari’ah board conference

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Bahrain Islamic Bank (BisB) has announced its Gold Sponsorship of the Accounting and Auditing Organisation for Islamic Financial Institutions’ (AAOIFI) 18th edition of the Annual Shari’ah Boards Conference. The virtual event which began yesterday under the auspices of Central Bank of Bahrain concludes today.

The conference brings together a prominent group of Shari’ah scholars, decision-makers and senior representatives from regulatory and financial institutions to shed light on various topics related to the Islamic financial industry worldwide. The two-day conference features keynote speeches in addition to four-panel discussions on AAOIFI Shari’ah standard 36 “Impact of Contingent Incidents on Commitments” in the light of COVID-19, the impact of adopting an alternative indicator to LIBOR for Islamic financial transactions, Shari’ah standard 59 “Sale of Debt” (Bay’al-Dain) and its impact on Islamic finance industry in addition to the role of technology in the post-COVID-19 world.

Commenting, Chief Executive Officer of BisB, Hassan Jarrar, said, “It gives us great pleasure to sponsor AAOIFI’s Conference, an event that brings together Shari’ah scholars, esteemed professionals and decision-makers from the financial banking industry every year.”