The Bahrain Institute of Banking and Finance (BIBF) conducted training sessions on Islamic Finance for the World Bank at the IFC regional office in Istanbul, Turkey. The course was conducted and led by the BIBF’s Islamic Finance trainers and covered topics such as Shariah Compliant Products and Contracts, Risk Management Sukuk Structuring and Accounting for Islamic Financial Transactions. The trainees included Central Bank staff from the North African region.
This training comes in-line with the BIBF’s strategy to further its reach globally, given that its Islamic Finance Centre is the oldest Islamic finance professional qualification provider in the world. Over the past two years, the Islamic Finance Centre has trained central banks and government-related entities from the UK, Ghana, Kazakhstan, Bangladesh, UAE, Oman and Russia, reflecting its global impact. The Centre has further broadened its global footprint by collaborating with universities in the United Kingdom such as the University of Bolton and University of Coventry to facilitate for their Islamic Finance offerings.
To further enable the strategy of the BIBF’s global outreach, the Centre is also launching an e-Learning platform in exclusive partnership with both Islamic Finance standard setting bodies, AAOIFI and IFSB, and has also developed the first-ever Islamic banking simulation software in the world.