BisB Announces Gold Sponsorship of the 16th Annual Conference for Islamic Financial Institutions

Press release
Published April 8th, 2018 - 11:45 GMT
The conference was held from 8 to 9 April 2018 in Manama.
The conference was held from 8 to 9 April 2018 in Manama.

Bahrain Islamic Bank (BisB) announced its golden sponsorship of the 16th Annual Conference of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), which will be held from 8 to 9 April 2018 at the Diplomat Hotel in Manama, under the patronage of the Central Bank of Bahrain organized by AAOIFI.

Mr. Wesam Abdulaziz Baqer, General Manager of Corporate & Institutional Banking in BisB, remarked: “The Accounting and Auditing Organization for Islamic Financial Institutions plays a pivotal role by continuing to organize these conferences, by positively impacting the evolution of the Islamic banking sector and continuing to develop the pool of talent within the industry.” 

Mr. Wesam added: “BisB is always proud to support and participate in these prestigious conferences which will brings together leading Islamic scholars, experts and employees in the Islamic banking sector under one roof. This year’s conference will address many important subjects, including the Main Obstacles and Challenges Facing the Islamic Finance Industry, Performance incentives (Concept, Characterization and Rules), sukuk under Basel, Mudharaba – Murabaha – Tawarruq hybrid sukuk, Shari’ah governance for sukuk issuance.

During the conference, participants and attendees were invited to visit the BisB booth in order gain a better understanding of the Bank's latest initiative and banking products, including the state-of-the art digital services offered to the Bank’s customers.

Significantly, BisB has consisted supported and actively participated in the various events and programs organized by AAOIFI in the Kingdom of Bahrain, in light of the Bank’s commitment to maintaining its position at the forefront of the legislative aspects of its investments, banking operations, and the latest developments in the financial banking sector.

Background Information

Bahrain Islamic Bank

Incorporated in 1979 as the first Islamic bank in the kingdom of Bahrain, and the fourth in the GCC. Bahrain Islamic Bank (BisB) has played a pivotal role in the development of the Islamic banking industry and the Kingdom’s economy. The Bank operates under an Islamic Retail banking licence from the Central Bank of Bahrain and is listed on the Bahrain Bourse.

At the end of 2016, the Bank’s paid up capital was BD 101 million, while total assets stood at BD 1042 million. The Bank’s modern branch network comprises 5 branches, 4 innovative financial malls, and 56 ATMs located throughout the Kingdom. A steadfast focus on continuous innovation, strong corporate governance and risk management, employee development, and the use of state of the art technology to deliver superior customer service, has cemented Bahrain Islamic Bank’s position as the leading Sharia’a – compliant bank in the Kingdom.

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