Masterclass to be offered on Islamic investment banking

The Bahrain Institute of Banking and Finance (BIBF) is teaming up with Ibdar Bank to offer a five-day Islamic investment banking masterclass.

Under the Memorandum of Understanding (MoU), the comprehensive class will take a look at numerous aspects related to Islamic investment banking such as Islamic bonds known as sukuk and Shariah standards promoted by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).

"This cooperation reflects on the growth of Islamic Finance industry and we as one of the leading banks in Islamic Finance continue to work towards enhancing skills on our human capital," Ibdar Bank Acting CEO Ahmed AlRayes said. "We see the value in the growth of this sector in international markets, which will further strengthen Bahrain’s positions as a hub for Islamic Financial dealings not only regionally but internationally as well."

The deal between the two organizations is expected to help strengthen training and development opportunities within the financial sector.

"The Memorandum of Understanding comes at a time where the Islamic Finance Industry is expected to grow more rapidly in the coming years," BIBF Deputy Director Ahmed Al Shaikh said. "Consequently, BIBF is very proud to be part of this thriving industry."