The CBB Waqf Fund provides 31 scholarships for BIBF students for The Advanced Diploma in Islamic Finance

The Bahrain Institute of Banking and Finance (BIBF) recently received a total of 31 scholarships from the Central Bank of Bahrain’s “Waqf Fund” for the Advanced Diploma in Islamic Finance (ADIF).

Launched in 2003, the BIBF’s Advanced Diploma in Islamic Finance (ADIF) is considered one of the first Islamic finance qualifications globally. ADIF covers applied and specialised topics in Islamic Finance such as capital markets, risk management and accounting standards. The scholarships were given to students from different organisations in the Bahraini market.

On this occasion, the BIBF’s Deputy Director, Dr. Ahmed Abdul Hameed Al Shaikh, expressed his appreciation to this significant step for the development of human capital in the Islamic Finance Industry and stated “The BIBF is a pioneer in the area of Islamic Banking and Finance training and education not only regionally, but also globally. Accordingly, this initiative by the CBB’s Waqf Fund is a major step forward for the industry in general as it supports the development and growth of human resources in Bahrain. Eventually, it aligns to serve BIBF’s strategic goal in terms of excellence and value-added education and training.” Dr. Ahmed also emphasised the importance of raising the level of excellence and standards of efficiency for Islamic finance human capital; to ensure sustainable growth and development of the banking industry overall.

Mr. Khalid Hamad, Chairman of the CBB’s Waqf Fund, highlighted the need for the Islamic Finance sector to focus on human capital development and innovation in the upcoming period. He added that the funding granted for the 31 students of the Advanced Diploma in Islamic Finance (ADIF) was derived from this vision. Mr. Hamad also stressed the importance of supporting Bahraini human capital to ensure sustainable growth and development in the banking industry.