CIBAFIGeneral Council of Islamic Banks and Financial Institutions
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Dr Al Shaikh briefed CIBAFI representatives on the facilities developed by BIBF, including its dealing room, which allows students to learn about trading in a real market environment, providing them with a unique exposure to live trading in global markets.
The inaugural flagship publication of CIBAFI expressed the views of the Heads of 83 Islamic banks from 35 different countries.
It aims at creating a platform for sharing the best practices amongst the CIBAFI members and discussing issues and challenges of internationalization of the IFSI.
The comments submitted to the IFSB by CIBAFI focused on three main areas.
We are extremely pleased to be working in collaboration with CIBAFI on our first joint executive training programme," IIF director of global training Kate Hudson said.
CIBAFI secretary-general Abdelilah Belatik said the programme will provide a practical, high energy learning experience for Islamic financial institutions' (IFIs) executives that will enhance skills of strategic analysis, strategy formation and execution and serve as a catalyst for bringing new ideas and approaches to the Islamic financial industry with specific practical implications for their own organisations.
Following two successful Forum, this year CIBAFI & ASCAME have come together to organize 3rd Mediterranean Islamic Finance Forum jointly in the framework of the 9th edition of the Mediterranean Week of Economic Leaders.
Abdelilah Belatik, Secretary General of CIBAFI, said, "CIBAFI is very delighted to see this morning launch of the Executive Programme with the support of our partners Washington based the Institute of International Finance (IIF) as well as support of our members who are here today attending the programme that has been specifically designed upon their request.
The event started with a keynote address by Central Bank of Bahrain executive director of banking supervision Khalid Hamad with Islamic Development Bank president Dr Ahmad Mohamed Ali and vice-president Dr Abdulaziz Al Hinai, along with CIBAFI secretary-general Abdelilah Belatik in attendance.
Participants will receive a joint Certificate from CIBAFI & IIF and the programme is eligible for CPD/CE credits through the Chartered Institute for Securities & Investment (CISI), the CFA Institute, and the Global Association of Risk Professionals (GARP).
It is organised by CIBAFI, supported by the Islamic Development Bank and hosted by the National Bank of Kazakhstan, which is aiming to develop Almaty as a regional Islamic finance hub since it welcomed Islamic finance in the country in 2009.
The conference, which is being organized in the light of recently signed MoU between CIBAFI and the World Bank, also falls under CIBAFI's Strategic Objective, in increasing the awareness of Islamic Finance and promoting information sharing among its members and the industry stakeholders, as well as collaboration with World Bank Global Islamic Finance Development Center in Istanbul with the objective to enhance knowledge on critical issues facing the industry.