CIBAFI launched technical workshop on products development and financial engineering for Islamic Financial Institutions (IFIs) in Amman, Jordan

Technical Workshop focused on products development and financial engineering in Islamic finance.

  
CIBAFI launched technical workshop on products development and financial engineering for Islamic Financial Institutions (IFIs) in Amman, Jordan

Manama, Kingdom of Bahrain; Amman, Jordan | General Council for Islamic Banks and Financial Institutions, the global umbrella of Islamic financial institutions, launched this morning its Technical Workshop on Products Development and Financial Engineering for Islamic Financial Institutions (IFIs), which is kindly hosted by the Central Bank of Jordan.

Technical Workshop was opened by welcoming remarks from Mr. Mahmoud Ibrahim Al-Sbeihat, Assistant Executive Manager of Banking Supervision Department, Central Bank of Jordan; Mr. Abdelilah Belatik, Secretary General, CIBAFI and Mr. Musa Abdulaziz Shihadeh, CIBAFI Board of Directors member and Chief Executive Officer & General Manager, Jordan Islamic Bank.

This Technical Workshop was delivered in Arabic language and focused on products development and financial engineering in Islamic finance.

Technical Workshop is targeted to the professional staff of Islamic banks and financial institutions. It aims to engage participants in the discussion on how Islamic principles can be used to develop financial products by introducing the principles that form the building blocks of contemporary Islamic financial products and then discussing the more intricate issues relating to products development processes.

The stimulating, interactive Technical Workshop seamlessly integrates theory with practice to offer participants hands on experience and provide the practical tools and techniques that will enhance their day-to-day professional performance.

Products development in Islamic finance has been ranked as one of the top three concerns of the industry, as revealed by CIBAFI Global Islamic Bankers Survey (GIBS). The demand for assistance from the banks and Islamic financial institutions in the region, encouraged CIBAFI to organize this technical workshop with an aim to increase and enhance the performance of the participants, which in turn will lead to an improved quality of work.

Technical Workshop was organized in the Institute of Banking Studies of the Central Bank of Jordan, with a strategic partnership of Jordan Islamic Bank and support of Islamic Insurance Co. It witnessed more than 50 participants, from 8 countries.

The initiative is aligned with CIBAFI’s fourth Strategic Objective of Professional Development and in particular, CIBAFI’s endeavor to enhance capacity building in the Islamic Financial Services Industry (IFSI). CIBAFI, as the ‘voice’ of the industry, aims to provide platforms such as these to develop human capital and bring industry professionals together to encourage dialogue and enhance knowledge sharing on more relevant matters of the Islamic Financial Service Industry.

-Ends-

About the General Council for Islamic Banks and Financial Institutions (CIBAFI)

CIBAFI is an international organization established in 2001 and Headquartered in the Kingdom of Bahrain. CIBAFI is affiliated with the Organization of Islamic Cooperation (OIC).  CIBAFI represents the Islamic financial services industry globally, defending and promoting its role, consolidating co-operation among its members, and with other institutions with similar interests and objectives. With over 125 members from more than 33 jurisdictions, representing market players, international intergovernmental organizations and professional firms, and industry associations.

For more information about CIBAFI, please visit www.CIBAFI.org 

Tel: +973 17357300  Email: media@cibafi.org 

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases