4th July 2022, Manama, Kingdom of Bahrain | The General
Council for Islamic Banks and Financial Institutions, the global umbrella of
Islamic financial institutions, launched its Online Technical Workshop on: “Liquidity
Management Tools for Islamic Financial Institutions (IFIs)”. The workshop will run
for two days from today.
Liquidity management is a critical issue which concerns all
financial institutions. The failure to address this issue will lead to several
negative consequences including bank failure and, worse, the collapse of the
entire financial system. As a result, regulators and central banks have been
emphasizing the improvement of the banking industry's liquidity frameworks.
For this reason, CIBAFI organized an Online Technical Workshop
aiming to provide staff of Islamic financial institutions (IFIs) with a
hands-on technical knowledge and skills on managing liquidity. The Shariah
considerations related to the liquidity management tools will also be
thoroughly explained to the participants throughout the programme.
The workshop witnessed an opening remark from Mrs. Zainab
Al Owainaty, Director of Administration and Finance of CIBAFI. In
her speech, Mrs. Al Owainaty stressed on CIBAFI’s role in raising awareness on
the importance of liquidity management which aims to support the continuous growth
of Islamic banks and financial institutions. The workshop was attended by over 80
representatives from Islamic banks and financial institutions as well as Regulatory
and Supervisory Authorities (RSA). It
was facilitated by Mr. Majed GHARSALLI, Head of Shariah Compliance and
Audit, Zitouna Bank, Tunisia and CIBAFI Accredited Trainer. In order to provide
distinctive learning approaches, the programme was presented using real-world
industrial case studies, Q&A, and group problem-solving exercises.
The guest speakers who supplemented the workshop included Mr.
Abdulkareem Ersan Sukkari, Chief Risk Officer, Islamic International Arab
Bank, Jordan; and Mr. Hussain Abdulhaq, Head of Treasury & Capital
Markets, Al Salam Bank, Bahrain.
The Technical Workshop is aligned with the objective of
Professional Development, which endeavors to enhance capacity building within
the Islamic financial services industry (IFSI). These programmes are practical
and 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.