Al Salam Bank sponsors the BIBF Islamic Finance Handbook

Al Salam Bank-Bahrain announced the sponsorship of the Islamic Finance Handbook for practitioners, produced locally by the Bahrain Institute of Banking and Finance (BIBF), to further bolster Islamic Finance training, reinforcing the Kingdom’s position as a hub of the Islamic Finance Industry in the region.

The Islamic Finance Handbook will cover all major Islamic financial products and services covering ongoing developments including the expected growth in FinTech and Takaful Insurance. The Handbook will also document Bahrain’s contribution to the global Islamic finance industry by showcasing products and transactions that originated from Bahrain. The book will incorporate case-studies from Al Salam Bank Bahrain as well as interviews and thoughts from the Bank’s senior management on various aspects of Islamic Finance.

On this occasion, the Group CEO of Al Salam Bank-Bahrain Mr. Rafik Nayed said, “As the home of some of the most innovative financial institutions in the global Sharia-compliant landscape, Bahrain is at the forefront of the international Islamic financial services industry. Al Salam Bank-Bahrain is proud to play a role in supporting the continued growth of the industry and increase awareness on the ongoing developments within the sector.”

The BIBF Director, Dr. Ahmed Al Shaikh said, “We’re pleased to see Bahrain again playing its part to foster the Islamic finance industry on a local and global scale, and we are grateful to Al Salam Bank-Bahrain – as one of the leading Islamic financial institutions in the region – for its continuous support to the industry.”

The BIBF’s Head of Islamic Finance Centre, Mr. Mujtaba Khalid, stated, “Currently, there are many academic and theoretical text books pertaining to Islamic finance around the world but there are very few – if any – practical handbooks for professionals with knowledge that can be applied in the workplace. Domestically, this will be the first practical handbook of its kind, which will facilitate applied knowledge for the industry.”

The BIBF Centre for Islamic Finance was established in 1997 to help promote the growth of both Islamic finance and banking. Today, the BIBF offers degrees and certifications, and conducts training in more than 27 countries worldwide.