Bahrain to focus on Islamic banking in 2014

3 February 2014

The Bahrain Institute of Banking and Finance (BIBF) has announced that the next 12 months will see the organisation focusing on Islamic banking.

Speaking at a Specific Council for Vocational Training in the banking sector, Solveig Nicklos, the director of the BIBF, said a number of professional programmes and training have been implemented to boost Islamic banking.

She noted that the network of programmes in place support "Bahrain's leading position in this dynamic field".

"The programmes are expected to positively impact the banking and financial sectors in Bahrain and fulfil the highest international standards," she said.

The first yearly meeting of the council chaired by Central Bank of Bahrain Governor Rasheed Al Maraj also reviewed the progress made by the BIBF in 2013 and discussed the development plans for the next 12 months.

A number of policies also received approval during the meeting. It is hoped the new measures will continue to improve and strengthen the internal governance structure of banking in Bahrain.

The institute also plans to raise the standards of all its employees, trainers, lecturers and researchers.

By Claire Archer

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