CIBAFI Successfully Conducted an Online Technical Workshop on "Liquidity Management Tools for Islamic Financial Institutions (IFIs)"

4^th – 5^th December 2023, Manama, Kingdom of Bahrain | The General Council for Islamic Banks and Financial Institutions, the global umbrella of Islamic financial institutions, has successfully organised a two-day online Technical Workshop on: "Liquidity Management Tools for Islamic Financial Institutions (IFIs)". The workshop was delivered in Arabic language.

In the dynamic field of Islamic finance, the workshop emphasised the vital role of effective liquidity management for the sustained growth and stability of IFIs. Senior representatives from Regulatory and Supervisory Authorities (RSAs), Islamic banks and financial institutions participated in an engaging discussion to gain valuable insights into advanced tools and strategies aligned with Islamic finance principles. The interactive sessions promoted the exchange of best practices, enhancing liquidity management within the Islamic finance sector.

The workshop has been inaugurated by welcoming remarks from Ms. Zainab Al Owainaty, Director of Administration and Finance at CIBAFI. Ms.Al Owainaty emphasized on CIBAFI commitment in empowering the human resources in general and practitioners in Islamic finance industry in particular with the key aspects of effective liquidity management tools and strategies, and to explore innovative methods to improve liquidity and gain competitive advantage in light of the rapid changes and developments in the Islamic financial sector.

The workshop is facilitated by Mr. Majed Gharsalli, Head of Shariah Compliance and Audit, Zitouna Bank, Tunisia. Industry experience and practical knowledge were shared by distinguished experts and leaders, including Mr. Abdulkareem Ersan Sukkari, Chief Risk Officer at Islamic International Arab Bank, Jordan, and Dr. Mohamed Albltagi, Chairman of the Board at the Egyptian Islamic Finance Association (EIFA).

This technical workshop is aligned with the objective of Professional Development which endeavours to enhance capacity building within the Islamic financial industry. These programmes are practical and are targeted to the staff of Islamic banks and Islamic financial institutions, regulators, and practitioners. They aim to engage participants in the discussion on the current environment of the Islamic banking industry.