15th – 16th January 2024,
Manama, Kingdom of Bahrain |
The General Council
for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of
Islamic financial institutions, successfully conducted its inaugural workshop
for the year 2024. The workshop focused on Sukuk Structuring and Legal
Documentation. This two-day online workshop gathered senior representatives
from Islamic banks, financial institutions, and Regulatory and Supervisory
Authorities (RSAs).
The workshop offered participants an interactive platform to utilise
practical resources, engage in meaningful group discussions, and gain valuable
knowledge about sukuk principles and legal frameworks. The programme focused on
providing hands-on insights into sukuk structuring techniques, crucial legal
documentation, and current market trends. Participants were equipped with tools
and strategies to navigate the complexities of sukuk and ensure compliance with
legal requirements.
Ms. Zainab Al Owainaty, the Director of Administration and Finance at
CIBAFI, warmly welcomed the participants and emphasised CIBAFI's unwavering
dedication to excellence. She highlighted the launch of a comprehensive range
of training programmes for the year, specifically designed to address various
topics in line with the dynamic nature of the Islamic finance industry. This
initiative demonstrates CIBAFI's proactive role in offering valuable insights
and addressing crucial issues for its members and stakeholders.
In addition to the facilitator, Prof. Dr. Younes Soualhi, Senior
Researcher and Professor, INCEIF Global University of Islamic Finance, Malaysia,
the workshop witnessed the participation of industry experts and leaders who
shared their practical knowledge and expertise. The guest speakers included: Mr.
Ijlal Ahmed Alvi, Chief Executive Officer, International Islamic Financial
Market (IIFM), Kingdom of Bahrain; and Mr. Bashar Al-Natoor, the Global
Head of Islamic Finance - Managing Director, Fitch Ratings, United Arab
Emirates.
The Technical Workshop is aligned with the CIBAFI strategic objective on
Professional Development, which endeavours to enhance capacity building within
the Islamic financial services industry (IFSI). These programmes are practical
in nature, and they are targeted to the staff of Islamic banks and financial
institutions, regulators, and practitioners. In addition, they aim to engage
participants in the discussion on the current environment of the Islamic
banking industry.