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BIBF and Aljazira Bank Sign Strategic MoU to Develop Saudi Banking Talent

5 January 2026

The Bahrain Institute of Banking and Finance (BIBF) and Aljazira Bank have signed a strategic partnership aimed at developing professional competencies and enhancing capabilities, as part of the Bank’s strategy to become the employer of choice for attracting and developing top talent. The agreement reflects BIBF’s role in supporting the development and qualification of Saudi national cadres within the banking sector.

The MoU was signed at Aljazira Bank’s headquarters in Riyadh, following the launch of the Bank’s new brand identity, marking a new phase in its institutional transformation. The agreement was signed by Dr. Ahmed AlShaikh, Chief Executive Officer of BIBF, and Mr. Faisal Al-Mansour, Senior Vice President and Head of Human Capital, Corporate Strategy and Support Group in Aljazira Bank, in the presence of senior officials from both sides.

The partnership aims to expand cooperation in the development of banking competencies and the building of leadership and professional capabilities for national talent, through educational and training initiatives that contribute to preparing qualified Saudi professionals capable of keeping pace with the rapid transformations in the financial sector, while strengthening the sustainability of institutional knowledge within banking organisations.

In this context, Dr. Ahmed AlShaikh, Chief Executive Officer of BIBF stated, “This strategic partnership with Aljazira Bank reflects BIBF’s regional role as a trusted partner in developing national banking talent. Through this ongoing collaboration, the BIBF continues to support the preparation of qualified Saudi professionals in line with international standards, contributing to the readiness of the financial sector and the advancement of institutional development across the Kingdom.”

For his part, Mr. Faisal Al-Mansour, Senior Vice President and Head of Human Capital, Corporate Strategy, and Support Group at Aljazira Bank, noted that the partnership with BIBF supports the bank’s objective of developing national talent and building leadership capabilities to meet future needs. He affirmed that developing human capital remains a strategic priority to help us become the employer of choice for top talent.

The partnership reflects a shared commitment to strengthening institutional integration and regional knowledge exchange, supporting the readiness of the financial sector. It also builds on Aljazira Bank’s ongoing efforts to advance the objectives of the Financial Sector Development Program under Saudi Vision 2030 by investing in human capital development and preparing national talent for the financial sector, thereby enhancing the readiness of Saudi professionals and strengthening the competitiveness of the banking sector.

BIBF and IBFTS Libya Sign Strategic MoU to Enhance Financial Training

The Bahrain Institute of Banking and Finance (BIBF), the region’s leading provider of banking and financial training, has signed a Memorandum of Understanding (MoU) with the Institute of Banking and Financial Training and Studies (IBFTS) in Libya. The partnership aims to strengthen cooperation in education, training, and capacity building across the financial services sector in both countries.

Strengthening Regional Collaboration in Financial Education

The MoU was signed by Dr. Ahmed Al Shaikh, Chief Executive Officer of the BIBF, and Mr. Ahmed Othman, General Manager of the IBFTS, in the presence of senior officials from both institutions.

Through this strategic partnership, both organisations will work together to:

  • Develop and deliver joint training programmes that meet the changing needs of the banking and finance industry.
  • Facilitate the exchange of expertise, research, and best practices in professional education.
  • Create opportunities for student and staff exchanges, workshops, and joint conferences.

Leadership Remarks on the Partnership

Commenting on the signing, Dr. Ahmed Al Shaikh said:

“This MoU highlights our commitment to promoting regional cooperation in financial education and professional development. By working closely with IBFTS, we aim to prepare banking professionals who will drive the growth and innovation of the financial sector in both Bahrain and Libya.”

From the Libyan side, Mr. Ahmed Othman added:

“We are proud to partner with the BIBF, one of the most respected financial training institutions in the region. This collaboration will give our students and professionals access to global expertise, modern learning programmes, and valuable opportunities for knowledge exchange.”

Advancing Human Capital Development Across the Region

This agreement reinforces the BIBF’s mission to expand its regional and international partnerships. Moreover, it supports the Sustainable Development Goals (SDGs) through education and human capital development.

As a result, the BIBF continues to play a vital role in promoting financial literacy, professional excellence, and capacity building across the Middle East and North Africa.

BIBF and INCEIF University Partner to Advance Global Islamic Finance Education

The Bahrain Institute of Banking and Finance (BIBF) has entered a new partnership with INCEIF University in Malaysia. The agreement aims to strengthen global Islamic finance education and training. It also supports Bahrain’s vision of becoming a leading international hub for Islamic banking and financial expertise.

Strengthening Islamic Finance Collaboration

The partnership was signed during the BIBF’s official visit to Kuala Lumpur. Professor Emeritus Dato’ Dr. Mohd Azmi Omar, President and CEO of INCEIF University, and Dr. Ahmed Abdul Hameed Al Shaikh, CEO of the BIBF, signed the agreement.

Both institutions will work closely to expand opportunities in education, research, and talent development. Together, they plan to design programmes that promote innovation and knowledge exchange within the Islamic finance industry.

Building Global Expertise in Islamic Banking

Commenting on the partnership, Dr. Ahmed Al Shaikh said:

“We are proud to collaborate with INCEIF University, one of the world’s most respected names in Islamic finance. This partnership will create new opportunities for research, professional development, and global learning.”

He added that this step reinforces Bahrain’s leadership in Islamic banking and aligns with the Kingdom’s goal of building a knowledge-based economy.

Empowering Future Islamic Finance Professionals

Dr. Rizwan Malik, Head of the BIBF Islamic Finance Centre, noted that the collaboration will help both institutions enhance their academic and training capacity.

“Our joint efforts will equip a new generation of professionals with the skills needed to meet the demands of the global financial market,” he said.

The agreement is expected to lead to joint research projects, specialised academic programmes, and new professional certifications in Islamic finance. It also supports sustainable development and promotes continuous learning in a rapidly changing industry.

BIBF and Bangor University Launch Bachelor’s in Banking with Financial Technology

The Bahrain Institute of Banking and Finance (BIBF) has partnered with Bangor University (UK) to launch a pioneering undergraduate degree: the Bachelor of Science in Banking with Financial Technology.

A New Step in Financial Education

The new programme addresses the growing demand for professionals who combine strong banking knowledge with advanced technology skills. As the financial services sector transforms at speed, the degree places students at the centre of innovation and prepares them to lead in a changing global economy.

The BSc in Banking with Financial Technology combines academic study with practical learning. Students will explore core banking principles and apply them using technologies such as data science, coding, and machine learning. This approach develops graduates who are both technically skilled and industry-ready.

Dr. Ahmed AlShaikh, Chief Executive Officer of the BIBF, said:
“The launch of this programme is a milestone in our strategy to align education with the needs of the financial sector. By embedding financial technology into banking education, we prepare future professionals with the tools and knowledge they need to succeed in today’s global economy.”

Dr. Haifaa Khalaf, Head of the Academic Studies Centre at the BIBF, added:
“This programme offers a unique academic framework that combines traditional banking with emerging technologies. It is designed to produce graduates who combine analytical skills with technical expertise, and who can contribute effectively to the financial industry.”

Practical Learning with Real-World Impact

The programme places strong emphasis on applied learning. Students will join simulation workshops with real and simulated market data, write code to solve financial challenges, analyse datasets, and apply algorithms. These activities ensure they graduate job-ready for the data-driven finance sector.

Teaching combines lectures, seminars, and tutorials, supported by continuous assessments, examinations, research projects, and practical exercises. This integrated model enhances academic performance while improving employability.

Graduates will be prepared for careers in banking, investment management, financial analysis, and fintech innovation. With this broad skill set, they will stand out in both regional and international job markets.

This academic partnership highlights the BIBF’s commitment to advancing financial education in Bahrain and supporting the Kingdom’s vision for a diversified, knowledge-based economy. It also strengthens the Institute’s position as a leading regional provider of high-quality education and training.

Registration is open until 8 October via email at admissions@bibf.com or by calling +973 17816388.

BIBF Partners with OpenThinking Academy to Launch the Certified Fraud Examiner (CFE) Programme in Bahrain

25 June 2025

The Bahrain Institute of Banking and Finance (BIBF) has signed a strategic agreement with OpenThinking Academy, an ACFE-authorised training provider, to launch the Certified Fraud Examiner (CFE) Programme in the Kingdom of Bahrain — a globally recognised qualification in fraud detection, financial crime prevention, and forensic accounting.

The signing ceremony was attended by Dr. Ahmed AlShaikh, Chief Executive Officer of BIBF; Mr. Iyad Mourtada, Managing Director of OpenThinking Academy; and Mr. Bassam Kazerooni, Acting Head of the Banking & Finance Centre at BIBF.

The CFE certification, accredited by the Association of Certified Fraud Examiners (ACFE), equips professionals with in-demand skills in fraud risk management, investigation techniques, legal frameworks, and forensic data analysis — all essential for combating financial fraud in today’s complex business environment.

Dr. Ahmed AlShaikh commented:
“This collaboration supports our mission to upskill Bahraini and regional professionals in the fight against financial crimes. The CFE credential enhances integrity, transparency, and ethical practices across key industries.”

Mr. Iyad Mourtada added:
“This initiative delivers world-class fraud examination training to professionals in compliance, audit, risk, and financial security, preparing them to meet global standards and regulatory expectations.”

The first intake of the CFE Programme in Bahrain is set to commence in September 2025 at BIBF’s headquarters, delivered by certified experts with extensive industry experience.

The programme is specifically designed for professionals working in compliance, internal audit, fraud investigation, risk management, accounting, law, and public sector oversight bodies. It also targets fraud investigators in the banking and insurance sectors.

Participants will benefit from a comprehensive training package that includes one-year ACFE membership, access to the digital Fraud Examiners Manual, exam preparation materials, mock exams, and 30 Continuing Professional Education (CPE) credit hours.

To register or learn more, please visit the programme page on the BIBF website.

BIBF Launches a New Series of Professional Micro-Credentials in Islamic Finance

24 June 2025

The Bahrain Institute of Banking and Finance (BIBF) has launched a new series of short, flexible training programmes for professionals in the Islamic banking sector. These micro-credentials aim to strengthen Bahrain’s position as a leading centre for Islamic finance.

Meeting Industry Demands

The Islamic banking sector is changing rapidly, especially in areas like regulations, technology, and specialised skills. Therefore, BIBF created these programmes to help professionals stay current without having to leave their jobs for long periods.

In particular, this initiative uses a modern approach called micro-learning. As a result, participants can gain focused skills in just a few days, while balancing their work schedules.

Key Courses and Learning Format

The programmes cover essential topics such as:

  • Islamic Retail Banking
  • Risk Management
  • Treasury Management
  • Wealth Management
  • Shariah Audit

Each course runs for three to five days. Moreover, the sessions are offered in a blended format, combining in-person classes with virtual learning. This approach provides both flexibility and practical knowledge.

Upskilling Talent, Advancing Bahrain’s Role

According to Dr. Rizwan Malik, Head of the Islamic Finance Centre at BIBF:

“These programmes meet the growing demand for practical knowledge. They are perfect for professionals who want to improve or shift careers without joining a full-time course.”

Furthermore, he added:

“By offering such targeted training, we support Bahrain’s leadership in Islamic banking. At the same time, we are helping national professionals adapt to new digital and regulatory trends.”

Contact Information

To learn more or register, email islamicfinance@bibf.com or call +973 1781 5555.

BIBF CEO Dr. Ahmed Al Shaikh and Financial Academy CEO Mr. Manaa Al Khamsan signing the strategic partnership agreement for insurance training in Saudi Arabia

BIBF & Financial Academy Partner on Saudi Insurance Training

28 May 2025

The Bahrain Institute of Banking and Finance (BIBF) has signed a strategic partnership agreement with the Financial Academy in Riyadh to deliver specialised training programmes and professional workshops in the field of insurance across the Kingdom of Saudi Arabia. The partnership aims to enhance the capabilities of national talent and elevate the performance of the insurance sector.

The agreement was signed by Dr. Ahmed Al Shaikh, Chief Executive Officer of the BIBF, and Mr. Manaa Al Khamsan, Chief Executive Officer of the Financial Academy.

On this occasion, Dr. Ahmed Al Shaikh stated that the partnership marks a strategic step forward in supporting professional qualification pathways within Saudi Arabia’s insurance market. It includes the launch of a suite of specialised training programmes and advanced workshops, delivered exclusively in partnership with the Financial Academy, as well as joint efforts in developing professional qualifications and micro-credentials that address rapid industry shifts and evolving market needs.

For his part, Mr. Al Khamsan affirmed that this high-impact partnership reflects the Financial Academy’s pioneering role in nurturing and advancing human capital within the financial sector – particularly insurance – by adopting global best practices and standards in professional education. He also highlighted the alignment of the training offerings with the Financial Sector Development Program under Saudi Arabia’s Vision 2030.

He added that the agreement reflects the confidence that regional and international institutions place in the Academy’s capabilities and its distinguished status as a leading provider of professional training and development in the Kingdom’s financial sector.

Insurance Training

The BIBF Delivers Specialised Insurance Risk Survey Programme to Oman’s Financial Services Authority

13 October 2024

The Bahrain Institute of Banking and Finance (BIBF) has recently delivered a specialised Insurance Risk Survey Training Programme, at the Financial Services Authority (FSA) of Oman. This programme is designed to equip participants with essential skills in risk assessment and strategic decision-making tailored specifically for the insurance sector.

Over five intensive days, participants engaged in a comprehensive curriculum that emphasised the analysis of risk inspection reports and their significance in making informed decisions, covering key topics such as property risk evaluation processes, the importance and benefits of risk inspection reports, principles and best practices of risk inspection, distinctions between risk inspection and loss adjustment reports, and practical applications through site visits and report preparation.

A highlight of the programme was a hands-on learning experience, where participants conducted a real-life site visit to apply theoretical concepts in a practical setting, deepening their understanding of the risk inspection process.

The programme was led by Mr. Ali Albanna, a Professional Risk Engineer with over 12 years of experience in insurance, risk management, fire safety, and engineering, offering participants valuable insights into best practices in risk management.

Ms. Manal Mashkoor, Head of the Insurance Centre at the BIBF, said, “This specialised programme reflects the BIBF’s commitment to elevating professional standards in the insurance sector and upskilling its human capital, strengthening the institute’s position as a leader in insurance training in the region.”

induction week

BIBF Holds Induction Week to Welcome its Undergraduate Students

29th September 2024

The Bahrain Institute of Banking and Finance (BIBF) recently held its Undergraduate Induction Week, a two-day event designed to welcome new students and prepare them for their academic journey.

The first day aimed to help students connect and break the ice. Engaging activities allowed participants to explore their personality types and learn effective teamwork skills. This experience is intended to enhance their university life and provide valuable skills for their future careers, paving the way for a successful career and helping them beyond their academic journey, including personal growth.

The second day centred on essential university policies and procedures. The session was kicked-off by Dr. Haifa Khalaf, Head of Academics Centre at the BIBF, highlighting the importance of understanding university policies and guidelines. Furthermore, the academics centre team provided insights to help students navigate their new environment.

The event also included a motivational speech from Mr. Adnan Al-Ameer, a Bangor University alumnus and Head of the Financial Institutions Group at BBK. He shared his journey and offered valuable advice for success.

A key highlight was the announcement of summer internships from BBK for the top three performing students in the International Foundation Programme (IFP). This initiative aimed at motivating all students to excel in their academic year and prepare them for the job market early on.

Additionally, Ms. Zain Al Hamad, also a Bangor University alumnus and Money Transfer Specialist at the National Bank of Bahrain, inspired students with her insights on pursuing their goals. Students were also offered valuable prizes by Ila Bank.

Waqf Fund

Waqf Fund and BIBF Join Forces for Capacity Building of Young Bahrainis

Manama – 29 April 2024:  The Waqf Fund of the Central Bank of Bahrain (CBB) has partnered with the Bahrain Institute of Banking and Finance (BIBF) to develop and launch a specialised training programme aimed at capacity building of young Bahraini nationals within the banking and finance industry. This strategic collaboration demonstrates the commitment of both institutions to develop local talent and strengthen the foundations of the Bahraini business environment.

This three-week training programme is tailored for young Bahrainis, aiming to familiarise them with the core concepts and practices in the areas of risk, audit and compliance. The objective is to open up new avenues of employment for young Bahrainis in areas where traditionally there has been a lack of Bahraini talent. The training aims to build a basic understanding of risk management, audit procedures and regulatory compliance within the Bahraini business and financial sector landscape.

The training programme not only seeks to enhance the employment prospects of the participants but also encourages them to specialise in specific areas by pursuing relevant professional qualifications. By fostering a culture of continuous learning and professional development, the programme aims to nurture expertise and create a pool of highly skilled Bahraini professionals in the banking and finance industry.

As a respected institution in the field of banking and finance education, BIBF brings its wealth of expertise and experience to the development and delivery of this programme. With its commitment to excellence, BIBF is dedicated to ensuring that participants receive the highest quality training and knowledge transfer, empowering them to thrive in their future careers.

Mr. Khalid Hamad Al Hamad, Chairman of the Waqf Fund, commented, “We are thrilled to collaborate with BIBF to develop this specialised training programme for young graduates. By investing in the development of local Bahraini talent, we aim to cultivate a skilled workforce that can contribute to the growth and stability of the banking sector in the Kingdom. This programme will provide participants with a strong foundation and valuable insights into the intricacies of risk, audit and compliance, enabling them to pursue rewarding career opportunities within and outside Bahrain.”

Dr. Ahmed Al Shaikh, CEO of BIBF commented: “The collaboration between the Waqf Fund and BIBF is a testament to their shared vision of developing local talent and driving the growth of the banking and finance industry in Bahrain. Through this joint effort, we aim to create a sustainable and prosperous future for the country’s financial sector”.

For more information about the training programme and application process, interested individuals can  contact islamicfinance@bibf.com.