• 0Shopping Cart
BIBF - Bahrain Institute of Banking and Finance
  • Home
  • Knowledge Areas
    • Academics
    • Accounting & Finance
    • Banking
    • Insurance
    • Islamic Finance
    • Digital Transformation
    • Project Management
    • Leadership & Management
    • Assessment & Development
    • Human Resources
    • Marketing, Sales and PR
    • Real Estate
  • Courses Calendar
    • Courses Calendar 2021
    • Corporate Brochure
  • Online Payment
    • Enhance your Skills
      Advance your Career
    • MyClass
  • Search
  • Menu Menu

BIBF holds a Master Class on the IFRS 9 Update

You are here: Home1 / News2 / BIBF holds a Master Class on the IFRS 9 Update
Follow a manual added link

Academic Degrees

Bachelors and Masters Programmes
Follow a manual added link

Short Courses

Focused Training Programmes
Follow a manual added link

Professional Qualifications

Internationally-recognised Certification
Follow a manual added link

Customised Corporate Training

Performance Mapping based on Business Objectives

BIBF holds a Master Class on the IFRS 9 Update

The Bahrain Institute for Banking and Finance (BIBF) held a Master Class on the latest update for the International Financial Reports Standards (IFRS 9) and other recent pronouncements, for senior finance executives in the Banking sector of Bahrain on the 8th & 9th of May 2016, organised by BIBF’s “Centre of Excellence for IFRS”.

This session covered the latest changes to the standards that were addressed in a Central Bank of Bahrain (CBB) circular on IFRS 9 issued on 15 November 2015. According to the circular every bank and financial institution supervised by the CBB should carry out a Quantitative Impact Assessment (QIA) focusing on the financial impact of the impairment components of IFRS 9, including the impact on the regulatory capital as a result of additional provisioning requirements that may arise. IFRS 9 would bring in changes to the classification, measurement, impairment and hedge accounting to replace the IAS 39 financial instruments: recognition and measurement.

BIBF’s Deputy Director, Dr. Ahmed AbdulGhani Al Shaikh said, “One of the BIBF’s main objectives is to maintain being the leading provider of innovative, industry-relevant qualifications to support the objectives of the CBB and aid in strengthening Bahrain’s position as a financial hub in the region.”

BIBF is proud to hold such events to benefit the financial services industry in Bahrain. This IFRS update programme gave participants from the banking  sector an important opportunity to understand the standards better and discuss it with industry experts and fellow colleagues, Dr. Ahmed Al Sheikh added.

Head of Banking, Accounting and Finance at BIBF,  Mr. Deen Jayah said, “This new standard would come into effect on 1 January 2018, all banks and insurance companies should be prepared well in advance, to meet the demands on structural changes to the IT systems, and operational policies that are required”.

This two day Master Class session provided a comprehensive overview of the developments exploring both the theoretical aspects and practical implementation issues of recent, new and proposed standards. The session was led by Mr. Lincoln Miles, an expert financial trainer and practitioner, who specialises in IFRS, US GAAP and UK GAAP.

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
  • Share by Mail

© 2021 BIBF

    • Home
    • About Us
    • Board of Directors
    • Executive Management
    • Quality Assurance
    • Alumni
    • In the News
    • The Campus
    • Library
    • Annual Report 2019
    • Careers
    • Feedback
    • Email Subscriptions
    • Contact Us

LET’S CONNECT

  • facebook
  • twitter
  • instagram
  • youtube-play
  • linkedin
BIBF conducts Corporate Governance Masterclass for Financial sector Executives... Waqf Fund supports BIBF e-learning platform, agreement with AAOIFI
Scroll to top

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

OKLearn more

Cookie and Privacy Settings



How we use cookies

We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.

Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.

Essential Website Cookies

These cookies are strictly necessary to provide you with services available through our website and to use some of its features.

Because these cookies are strictly necessary to deliver the website, refuseing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.

We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.

We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.

Google Analytics Cookies

These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customize our website and application for you in order to enhance your experience.

If you do not want that we track your visit to our site you can disable tracking in your browser here:

Other external services

We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.

Google Webfont Settings:

Google Map Settings:

Google reCaptcha Settings:

Vimeo and Youtube video embeds:

Other cookies

The following cookies are also needed - You can choose if you want to allow them:

Accept settingsHide notification only
  • Home
  • Knowledge Areas
    • Academics
    • Accounting & Finance
    • Banking
    • Insurance
    • Islamic Finance
    • Digital Transformation
    • Project Management
    • Leadership & Management
    • Assessment & Development
    • Human Resources
    • Marketing, Sales and PR
    • Real Estate
    • Back
  • Courses Calendar
    • Courses Calendar 2021
    • Corporate Brochure
    • Back
  • Online Payment
  • MyClass