MANAMA: Bahrain Islamic Bank (BisB) is a gold category sponsor of the 18th edition of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) Annual Sharia Boards Conference.
The two-day conference being held virtually started yesterday, under the auspices of Central Bank of Bahrain.
The event is considered to be one of the top Islamic banking conferences, bringing together a prominent group of Sharia scholars, decision makers and senior representatives from regulatory and financial institutions to shed light on various topics related to the Islamic financial industry worldwide.
The conference features keynote speeches and panel discussions which focus on AAOIFI Sharia standard 36 – Impact of Contingent Incidents on Commitments in light of the Covid-19 pandemic, the impact of adopting an alternative indicator to Libor for Islamic financial transactions, Sharia standard 59 – Sale of Debt and its impact on Islamic finance industry, in addition to the role of technology in the post Covid-19 world.
Commenting, BisB chief executive Hassan Jarrar said, “It gives us great pleasure to sponsor AAOIFI’s 18th Annual Sharia Boards Conference, an event that brings together scholars, professionals and decision makers from the financial banking industry every year.
“This year’s edition provided insights and discussions related to the impact of Covid-19 on the Islamic financial sector; it also explored ways of maintaining its momentum and elevating its standards on a global level.”
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