• 04 Apr

    PRESS RELEASE: 4th April 2018, Tunis, Tunisia; Manama, Kingdom of Bahrain

    CIBAFI launched this morning its Technical Workshop on Products Development and Financial Engineering for Islamic Financial Institutions (IFIs) in Tunis, Tunisia

     

     

    4thApril 2018, Tunis, Tunisia; Manama, Kingdom of Bahrain | General Council for Islamic Banks and Financial Institutions, the global umbrella of Islamic financial institutions, launched this morning its Technical Workshop on Products Development and Financial Engineering for Islamic Financial Institutions (IFIs), which is kindly hosted by the Central Bank of Tunisia.

     

     

     

    Technical Workshop was opened by opening addresses and welcoming remarks of the Central Bank of Tunisia and CIBAFI officials.

    The growth rate of Islamic finance is expected to be 15-20% annually, and this growth is determined by the availability of new products that meet diverse market and customers’ needs. The Technical Workshop is targeted to professional staff of Islamic banks and financial institutions and regulatory bodies. It aims to engage participants in the discussion on how Islamic principles can be used to develop financial products by introducing the principles that form the building blocks of contemporary Islamic Financial products and then discussing the more intricate issues relating to products development processes.

     

     

     

    The stimulating, interactive Technical Workshop seamlessly integrates theory with practice to offer participants hands on experience and provide the practical tools and techniques that will enhance their day-to-day professional performance.

     

     

    Commenting on the Technical Workshop, Mr Abdelilah Belatik, Secretary General of CIBAFI said: “CIBAFI is pleased to bring this series of Technical Workshop in Tunis, and eventually bring support to banks in the region. I personally would like to express my sincere appreciation to the Central Bank of Tunisia for hosting and extending its support for this CIBAFI Technical Workshop; and all the delegates from Islamic Banks, regulatory and supervisory agencies from various jurisdictions who have joined us in Tunis for this programme.”

     

     

    The initiative is aligned with CIBAFI’s fourth Strategic Objective of Professional Development, and in particular CIBAFI’s endeavor to enhance capacity building in the Islamic Financial Services Industry (IFSI). CIBAFI, as the ‘voice’ of the industry, aims to provide platforms such as these to develop human capital and bring industry professionals together to encourage dialogue and enhance knowledge sharing on more relevant matters of the Islamic Financial Service Industry.

     


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