Kuwait Finance House - Bahrain (KFH-Bahrain) announced its support of the Annual Shari'a Conference, which is currently taking place between 3rd and 4th of December 2012 at the Diplomat Hotel, Manama, Kingdom of Bahrain.
The Conference is held under the auspices of Central Bank of Bahrain and organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the international organisation that formulates standards on accounting, auditing, ethics, governance and Shari'a for the international Islamic finance industry.
Mr. Abdulhakeem Alkhayyat, Managing Director and CEO of KFH-Bahrain, commented, "KFH-Bahrain recognizes the importance of such conferences that aim to enrich the field of Islamic banking through the discussion of topics related to the business. This year's conference is providing an essential forum to meet and discuss various key issues among participants and specialists from Islamic banks and financial institutions."
"The AAOIFI continues to lead the way by gathering the major financial institutions together and set new standards and ethical codes for Islamic financial institutions. The valuable discussions held during the sessions will help steer the Islamic finance industry towards growth and this influence will be felt worldwide as the concept of ethical banking continues to develop and expand, especially in the wake of the recent global financial crisis", he added.
Mr. Alkhayyat concluded his statement by stressing on the importance of hosting such an international major gathering in the Kingdom of Bahrain during these times.
Amongst the topics being discussed at the conference are: Shari'a compliance & supervision processes, the continued development of Islamic financial & capital markets, legal Issues in Islamic finance, potential areas for further growth of Islamic finance, and human capital and resources in Islamic finance.
About Kuwait Finance House, Bahrain
Kuwait Finance House-Bahrain is a leading provider of Islamic commercial and investment banking services. Established in 2002 as a wholly owned subsidiary of Kuwait Finance House (Kuwait) -- an industry leader for more than 30 years -- KFH-Bahrain specializes in developing and bringing to market the highest quality Islamic compliant banking and investment products, all of which are delivered by a staff of experienced and dedicated professionals with a deep understanding of the market and the clients we serve.
© Press Release 2012
