4th – 5th December 2022, Manama, Kingdom of Bahrain | The General Council for Islamic Banks and Financial Institutions, the global umbrella of Islamic financial institutions, has successfully conducted the last online Technical Workshop of this year. The workshop focuses on Sukuk structuring and legal documentation, and it will run for two days from today.
In recent years, Sukuk or Shariah-compliant financial certificates have become increasingly popular in the Islamic finance industry. Sukuk can be used for a variety of purposes, including financing infrastructure projects, providing working capital, and investing in real estate. It provides many benefits such as offering a higher degree of flexibility than traditional debt instruments. This flexibility is particularly attractive to investors looking for Shariah-compliant investment opportunities.
For this purpose, CIBAFI organized a 2-day Technical Workshop to raise valuable discussions on Sukuk structuring and legal documentation in detail. Topics to be discussed include the different types of Sukuk, the regulatory requirements in Sukuk structuring and Shariah governance in Sukuk issuance among many other related topics. The workshop will also include case studies and hands-on exercises in Sukuk from different angles and aspects.
The workshop was inaugurated by welcoming remarks from Ms. Zainab Al Owainaty, Director, Administration and Finance at CIBAFI. In her speech, Ms. Al Owainaty emphasized on CIBAFI’s efforts to deliver timely and high-quality training progammes to meet the needs of our members and stakeholders from different regions. The workshop is particularly organized for French-speaking Islamic finance professionals and those who are interested in the industry.
This workshop is facilitated by Mr. Majed GHARSALLI, Head of Shariah Compliance and Audit, Zitouna Bank, Tunisia and CIBAFI Accredited Trainer. Industry experts and leaders, including Mr. Anouar Hassoune, Managing Director, Emerging Markets Ratings Limited, United Arab Emirates, and Dr. Mohamed Damak, Senior Director and Global Head of Islamic Finance, S&P Global Ratings also shared their practical knowledge as guest speakers.
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.