BisB Supports the Seventeenth Edition of AAOIFI’s Annual Conference as a Golden Sponsor
Bahrain Islamic Bank (BisB), the leading bank in providing digital financial solutions in the Kingdom of Bahrain, recently announced its gold sponsorship of the Islamic Banking and Financial Business Conference (AAOIFI) in its seventeenth edition titled ‘Economic Resilience and Governance in Disruptive Times,’ held under the auspices of the Central Bank of Bahrain (CBB) and organized by Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
Commenting on this occasion, Mr. Yaser Alsharifi, Chief Executive Officer of BisB, said, “We are pleased to sponsor the 17th edition of the AAOIFI conference, which will discuss key governance issues including the challenges of the global Islamic financial industry in times of crisis and best practices in dealing with these challenges. Our participation in this conference will further strengthen our commitment to contribute to developing the local Islamic banking sector, all while continuing to keep abreast of its global developments and trends.
Over two consecutive days, seven discussion sessions will take place. Kicking off the three key sessions on the first day, the first session will namely discuss economic resilience and food safety, as well as methods of integrating Islamic finance into the agricultural supply chain. The second session will focus on increasing resilience to climate change, discussing the role of Islamic financial institutions and regulatory authorities. As for the third, the session will focus on enhancing economic resilience and finding opportunities to integrate social finance into Islamic commercial finance.
The rest of the sessions are set to occur the following day, session four will address developing resilience - Takaful: Opportunities, challenges and the need for inclusive reporting and disclosure; whereas session five will tackle the need for capacity building in Shari’ah governance to address modern challenges. The sixth session will consider governance challenges in Islamic finance windows, and lastly, the seventh session will discuss emerging financial technologies: opportunities and governance.
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.