The Bahrain Institute of Banking and Finance (BIBF) has signed a collaborative agreement with the Bangladeshi Association of Banks (BAB) to further provide specialised Islamic Finance education for its members.
The BIBF and BAB both agreed to incorporate Islamic Banking training courses and applied research to further develop the Islamic finance industry and provide learners with more insight, knowledge and understanding of the principles of the industry. As part of the agreement, the BIBF and BAB will provide more training platforms in both Bahrain and Bangladesh.
Commenting on the announcement, Dr Ahmed Abdulhameed Al-Shaikh, Deputy Director of the BIBF said: “The BIBF continuously works with reputable local, international and global partners to provide professional training that matches business needs and requirements. As part of this collaboration, it is critical to maintain close partnerships with institutions such as Bangladeshi Association of Banks to further strengthen our position as a global content provider of choice for Islamic Finance training & education.”
On his part, Mr. Noorulfazal Bulbul, Head of the Bangladeshi Association of Banks (BAB) stated: “Our mission is to continuously meet the evolving needs of the Banking and Finance industry in Bangladesh. This can only be best achieved by maintaining and solidifying our relationships with our strategic partners. As part of this, our agreement with the BIBF will help us offer more specialised training courses and opportunities to allow individuals to acquire globally reputed certifications with the goal of increasing local capacity in all key aspects of banking.”
Islamic finance has emerged as a fast-growing, prominent, alternative financial intermediation mechanism on the world financial stage. The BIBF’s Centre for Islamic Finance was established in 1997 to assist in fostering the growth of the Islamic banking community in Bahrain, throughout the Middle East and in other traditional commercial banking communities. The Centre has a global footprint of having trained in more than 20 countries worldwide and has the most robust menu of training offerings in Islamic finance globally.