Bahrain's Islamic Development Bank Institute (IsDBI) enters strategic partnership with the local Bahrain Institute of Banking and Finance (BIBF) for enhancing capabilities in the realm of Islamic finance.
In a significant move for the Islamic banking and finance sector, the Islamic Development Bank Institute (IsDBI) and the Bahrain Institute of Banking and Finance (BIBF) have signed a strategic partnership agreement. The collaboration was announced on the sidelines of the AAOIFI-IsDB Islamic Banking and Finance Conference held in Bahrain on 28-29 November 2023.
The agreement, signed by Dr. Sami Al-Suwailem, Acting Director General of IsDBI, and Dr. Ahmed AbdulHameed AlShaikh, the CEO of BIBF, marks the beginning of a strategic alliance between the two institutions. The partnership aims to collaborate for Islamic finance capacity development, foster knowledge exchange, and promote sustainable growth and development.
The discussions during the visit to the BIBF headquarters by Dr. Sami Al-Suwailem and Mr. Yahya Aleem-ur-Rehman from IsDBI focused on the details of the strategic partnership agreement and potential areas of collaboration beyond it. The main goal of the partnership is to provide high-quality, industry-relevant training programs to strengthen Islamic finance, support sector resilience and growth, and position Bahrain as a global hub of education and training in Islamic finance.
Dr. Sami Al-Suwailem expressed his support for the partnership with BIBF, stating, "This collaboration is an important step towards advancing our shared vision of sustainable finance. We are excited to work together with BIBF to drive positive change in the banking and finance sector, both regionally and globally."
Dr. Ahmed Al Shaikh, the CEO of BIBF, expressed his enthusiasm about the collaboration with IsDBI, saying, "We are thrilled to partner with IsDBI to create a powerful platform for knowledge sharing, capacity building, and innovation in the Islamic finance field. This partnership will undoubtedly contribute to the growth and development of the Islamic banking and finance sector."
The collaboration between IsDBI and BIBF also aims to provide professional qualifications for IsDB Member Countries. The strategic partnership agreement further solidifies their commitment to work together for sustainable development in the banking and finance sector.
The visit to the BIBF headquarters by Dr. Sami Al-Suwailem and Mr. Yahya Aleem-ur-Rehman from IsDBI marks a deeper level of collaboration between the two institutions. The partnership is expected to create a significant impact on Islamic financial institutions globally, including member countries of the Islamic Development Bank Group.
The partnership between IsDBI and BIBF is an important step towards advancing their shared vision of sustainable finance. As they work together, they aim to leverage their collective expertise to drive positive change in the banking and finance sector, both regionally and globally.
Read also:
- Indispensable Digital Files Every Scribe Demands for their Screenplay Journey
- Rising state pension ages disproportionately impact a particular demographic, raising questions about the necessity of extending working years.
- Greece pursuing building techniques without the use of traditional heating methods
- Misguided Perspective of Larry Summers Unveiled
%20enters%20strategic%20partnership%20with%20the%20local%20Bahrain%20Institute%20of%20Banking%20and%20Finance%20(BIBF)%20for%20enhancing%20capabilities%20in%20the%20realm%20of%20Islamic%20finance.){kind=link}