Shaping the Future of Learning: BIBF Bahrain’s First-Ever Educational Institute on the Metaverse

Wednesday, 8 March 2023

The Bahrain Institute of Banking and Finance (BIBF) recently announced the launch of its campus on the metaverse. This digital platform will provide a comprehensive and immersive learning experience for students and professionals in the financial and business sectors. Additionally, it will serve as a “holistic platform” where students, faculty, and alumni can collaborate, generate new ideas, and foster innovation. This initiative was fully designed and developed by Bahraini talents, making the BIBF the first educational institute in Bahrain to launch its campus on the metaverse.

The launch of the BIBF Metaverse will occur in two phases, with the first phase – currently implemented – focusing on establishing the BIBF infrastructure along with certain facilities, whereas the second phase will launch the auditorium and classrooms where live sessions will be conducted.

The BIBF Metaverse is a virtual representation of the BIBF building that allows users to interact with each other in a simulated environment. Users can attend events, collaborate on projects, and participate in interactive learning activities, including videos and tutorials. The metaverse offers immersive learning spaces, AR capabilities, and digital media labs for students of different degrees and certificates. It is also a networking and professional development tool that allows users to connect with peers and industry experts, attend virtual conferences and events, and acquire skills for success in the banking and finance industry.

On this occasion, the BIBF’s Director, Dr. Ahmed Al Shaikh, stated that the launch of the BIBF Metaverse reflects the institute’s commitment to innovation and excellence in education. “By leveraging the latest technology, the BIBF is providing students and professionals with a cutting-edge learning experience that will prepare them for the challenges and opportunities of the future.” He added.

Dr. Al Shaikh also mentioned, “Learning through technology is a key part of the BIBF’s vision, with a clear focus on using both VR and the metaverse to strengthen and diversify education and training through relational and immersive experiences. The technology will engage students in a new and unique form, providing an opportunity to access live, virtual classrooms with other students from across the world.”

On his part, the BIBF’s Chief Operations Officer, Mr. Ahmed Naeemi stated, “The launch of the BIBF Metaverse is a significant milestone for the business sector in Bahrain. We believe that this innovative platform will revolutionise the way we teach and learn in the business industry, particularly in the banking and finance fields.”

“I strongly believe that interaction plays a vital role in the learning process. The way you engage with fellow students can greatly enhance your learning outcomes. While video conferencing tools may provide a 2D screen experience, leveraging virtual reality can create a more immersive sense of presence, making it feel as though you are physically present.” Mr. Naeemi concluded.

For more information on the BIBF Metaverse, please visit bibf.com/metaverse.