• 25 Jun

    PRESS RELEASE: 25 June 2018, Manama, Kingdom of Bahrain, Dakar, Senegal


    CIBAFI and CESAG signed a cooperation agreement and launched the inaugural Certified Islamic Banker Programme in Dakar, Senegal

    as part of a series of CIB programmes in the WAEMU region


    25th June 2018, Manama, Kingdom of Bahrain, Dakar, Senegal | General Council for Islamic Banks and Financial Institutions (CIBAFI), the umbrella of Islamic financial institutions together with Centre Africain d'Etudes Supérieures en Gestion (CESAG) co-organised this morning their inaugural Certified Islamic Banker programme for the period from 25 – 30 June 2018 in Dakar, Sénégal.



    The Certified Islamic Banker Programme is delivered in French language and aims to improve Islamic finance and banking sector staff’s skills and capabilities.


    This CIB programme is a professional development initiative organised by CIBAFI to enhance capacity building in the Islamic Financial Services Industry (IFSI). Certified Islamic Banker is not only necessary for those who are working in the Islamic finance industry; it is rather needed by all those who are dealing with Islamic financial institutions, university graduates, those who are wishing to pursue a career in Islamic financial institutions and new entrants. The programme also serves as a defining criterion for every Islamic finance organization. The number of staff’s certificate holders reflects the overall quality of organization’s staff and informs the level of their qualifications and professional commitment to Islamic banking.


    The CIB is launched in this part of the world at a time when the BCEAO, the common central bank of the 8 countries of the West African Economic and Monetary Union (WAEMU), has begun the release of the first instructions for the regulation of Islamic finance operations in the WAEMU countries. This builds the foundation for interesting development prospects for this innovative finance in these countries, for the years to come.


    The opening session of the programme also saw the signing of a cooperation agreement between CIBAFI and CESAG, to strengthen the relationship of institutions in promoting and enhancing awareness of Islamic Finance in the West African region.


    Commenting on the programme, Mr. Abdelilah Belatik, CIBAFI Secretary General said: “The Certified Islamic Banker Programme aims at improving the capabilities and skills of the staff in the Islamic finance and banking sector. In the current time, we need to enhance the skills of our staff to improve their productivity to be in line with the new industry requirements. It is our pleasure to work with the Centre Africain d'Etudes Supérieures en Gestion (CESAG) to launch the pilot CIB programme in Senegal, and we will also launch the same in Abidjan, Cote d'Ivoire on the period 3 – 8 September 2018 to expand our network and spread awareness in Sub-Saharan Africa.”


    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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