Latest news with #IslamicFinancial
Biz Bahrain
24-06-2025
- Business
- Biz Bahrain
CIBAFI Conducts Online Technical Workshop on Governance and Compliance for Islamic Financial Institutions
The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella organization for Islamic financial institutions, is conducting its Online Technical Workshop on 'Governance and Compliance for Islamic Financial Institutions (IFIs)'. Delivered in English, the workshop brings together professionals from across the Islamic financial services industry. Effective governance frameworks are essential to ensuring sound practices, ethical conduct, and Shariah compliance in Islamic financial institutions. In recognition of this, CIBAFI launched the workshop as part of its strategic objective of Professional Development, which focuses on enhancing the technical capacity of industry practitioners. The programme features a combination of technical sessions, real-world applications, and case-based discussions, covering key topics such as Shariah governance principles, internal control systems, risk-based compliance approaches, and international regulatory perspectives. The workshop began with opening remarks from Ms. Zainab Al Owainaty, Director of Administration and Finance Affairs at CIBAFI. She emphasized the vital importance of governance and compliance in the face of ongoing global shifts in the financial sector, particularly within the Islamic finance industry. Ms. Al Owainaty highlighted that the sustained success of Islamic financial institutions relies on their ability to develop a comprehensive framework that effectively integrates strong governance, rigorous compliance, and sustainable practices. The more effectively we align these pillars, the greater our potential to lead in global markets and deliver meaningful value to our communities. The workshop was facilitated by Prof. Dr. Younes Soualhi, Senior Researcher and Professor at INCEIF – The Global University of Islamic Finance, Malaysia. Participants benefited from his extensive expertise and practical insights. The programme also featured contributions from distinguished guest speakers, including Dr. AbdelGadir Warsama Ghalib, Founder & Principal Legal Counsel, Abdelgadir Warsama Legal Consultancy, Bahrain and Mr. Usama Saleh, Chief Shariah Audit Executive, TAJ Bank, Nigeria. This workshop underscores CIBAFI's ongoing dedication to advancing the Islamic financial services industry through targeted technical programmes and knowledge-sharing platforms that address the sector's evolving governance and compliance priorities. About CIBAFI: CIBAFI is an international non-profit organisation founded in 2001 by the Islamic Development Bank (IsDB) and a number of leading Islamic financial institutions. CIBAFI is affiliated with the Organisation of Islamic Cooperation (OIC). With more than 140 members from over 30 jurisdictions all around the world, CIBAFI is recognised as a key piece in the international architecture of Islamic finance.
Zawya
14-04-2025
- Business
- Zawya
QIB wins Best Bank and Best Islamic Financial Institution in Qatar awards by Global Finance
Doha, Qatar – Qatar Islamic Bank (QIB), Qatar's leading digital bank, is proud to announce that it has been awarded the prestigious title of " Best Bank in Qatar" for the third year in a row as well as the " Best Islamic Financial Institution in Qatar" by Global Finance magazine, a globally recognized leader in banking and financial services publications. This distinguished recognition highlights QIB's unwavering commitment to excellence, innovation, and leadership in providing cutting-edge Islamic banking solutions. The awards were given in recognition of QIB's strong financial performance, operational efficiency, and customer-centric services, which continue to set new benchmarks in the banking industry. Global Finance evaluates banks globally across several criteria, including growth, profitability, customer service, and technological advancements. QIB's strong track record in delivering innovative products and services tailored to the evolving needs of its customers has earned it this high honor. Commenting on the awards, Mr. Bassel Gamal, QIB's Group CEO, said: "We are honored to receive the Best Bank in Qatar and Best Islamic Financial Institution in Qatar awards from Global Finance. This achievement is a testament to the hard work, dedication, and innovation of our team, the support of our Board of Directors, as well as the trust and loyalty of our customers. Our success is rooted in our deep commitment to providing innovative Islamic financial solutions and maintaining the highest levels of customer satisfaction. We will continue to build on this success and strive to further elevate the banking experience for all our customers." QIB's award-winning efforts in 2025 reflect its leadership in key areas, including digital banking, sustainable finance, and corporate governance. The bank's robust digital transformation strategy has led to the launch of cutting-edge mobile banking platforms, which empower customers to manage their finances seamlessly and securely, anytime and anywhere. Additionally, QIB's commitment to supporting the Qatari economy and contributing to the development of Qatar's financial ecosystem has been pivotal in its evolution to a leading bank in the region. The bank continues to align its operations with the Qatar National Vision 2030 of sustainable economic growth, innovation, and financial inclusion.
