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Islamic finance is reviewed at forum

MANAMA: The Bahrain Institute of Banking and Finance (BIBF) has held the first of its Distinguished Lecture Series with a speech on Islamic finance.

Harvard Law School Islamic legal studies programme founder and director Professor Frank Vogel spoke on financial, legal and regulatory issues facing the industry in the wake of the financial crisis.

The event at the Gulf Hotel, which is supported by the Central Bank of Bahrain (CBB) and the US Embassy, was opened by CBB banking supervision director Khalid Hamad.

Guests included chief executives from the Islamic Finance sector, CBB and US Embassy officials and senior executives from BIBF.

"The CBB is supportive of such an initiative as it compliments its objectives and efforts to develop robust training and educational platforms for the financial sector," said CBB Governor Rasheed Al Maraj.

"The US Embassy, in co-operation with local partners such as BIBF, has continually supported training programmes and educational and professional development opportunities to expand Bahrain's knowledge base in the business and financial sectors," said US ChargŽ d'Affaires Stephanie Williams.

"We are pleased to partner with BIBF to sponsor Professor Frank Vogel's visit to Bahrain to share his expertise on Islamic finance."

"BIBF is committed to serving Bahrain's financial sector," said BIBF director Garry Muriwai.

"As part of the commitment, BIBF's Distinguished Lecture Series is aimed at bringing in world renowned specialists to add value to senior finance professionals in Bahrain," he said.



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