An Executive Islamic Finance Training Workshop for officials from various Brunei financial institutions has began in Makkah, Kingdom of Saudi Arabia, organized jointly by the Islamic Research and Training Institute (IRTI) and Brunei's Centre for Islamic Banking, Finance and Management (CIBFM), with support from Autoriti Monetari Brunei Darussalam (AMBD).
The five-day workshop, from 28 April to 2 May 2019, will discuss various topics and contemporary issues in Islamic Finance, including prospects of FinTech for the Islamic financial industry, Islamic modes of financing, Sukuk structures in a global context, Islamic social finance, and legal frameworks.
Other areas will include resource mobilization through Islamic Finance, ethical investments, legal and taxation issues in Islamic financial contracts under different jurisdictions, and monetary policy in a dual banking system.
Fourteen participants are attending the workshop from different financial institutions in Brunei, consisting of regulators, Shari'ah advisors, financial industry operators and academics.
In a speech at the opening of the program, IRTI's acting manager of training, Dr. Rami Abdelkafi, spoke of the significance of the cooperation between IRTI and CIBFM. He explained that the workshop was specifically customized for the officials from Brunei, and that the training sessions would be delivered by some of the best scholars in the Islamic financial industry.
In her speech, Dayang Hajah Sufinah binti Haji Sahat, Acting Chief Executive Officer of CIBFM, expressed her appreciation for the cooperation with IRTI in organizing the training workshop. She added that the workshop will provide the Brunei officials with advanced knowledge to confront contemporary challenges and new trends in the Islamic finance industry.