The Bahrain Monetary Agency (BMA) and the Bahrain Institute of Banking & Finance (BIBF) are organizing a five- day course on Islamic banking supervision. This event is the first course designed for Islamic banking supervisors organised by a Central Bank.
The event, which begins tomorrow (5th June 2005), is being held at the BIBF. More than 30 participants, representing central banks and regulatory authorities from 10 countries in the Middle East region, will attend.
The course will cover such issues as accounting and regulatory standards for Islamic banks, the inherent risks faced by the banks, treatment of unrestricted investment accounts, asset quality, liquidity management, corporate governance, and the role of Shari’a boards.
It will be conducted by officials from the BMA, and representatives of the BIBF, Ernst & Young and PricewaterhouseCoopers.
“The course is unique in that it is aimed at regulators and focuses specifically on supervision of Islamic banks,” said Mr. Anwar Khalifa AlSadah, Executive Director, Financial Institutions Supervision, at the BMA.