The Bahrain Institute of Banking and Finance (BIBF) recently held its second quarterly meeting of the year with Rasheed Al Maraj, governor of the Central Bank of Bahrain (CBB) and chairman of the board, presiding.
In attendance were BIBF Director Solveig Nicklos and Deputy Director Ahmed Al Shaikh.
The BIBF presented the organization’s strategy for qualifications and learning and highlighted the importance of its training programs. The major update discussed at the meeting was the 7 percent growth in overall enrollment for financial services training programs. This number reflects a rise in the number of Bahraini employees being trained in this sector.
Also discussed at the meeting were BIBF’s milestones, which include the launch of the first phase of online training in Islamic finance in cooperation with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Additionally, the organization’s Insurance Center has restructured many of its programs to focus on accreditation partnerships with international bodies.
The BIBF also made advancements with its International Foundations Program, which is benchmarked by the National Recognition Information Center (UK Naric) and comparable to the GCE Advanced level and Scottish Advanced Higher standard.
The meeting concluded with an update on the organization’s financials. Those in attendance stressed the importance of training and developing human capital in all market sectors within Bahrain.