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.
