CIBAFI Launches Technical Workshop in Bangladesh

Manama/Dhaka : General Council for Islamic Banks and Financial Institutions, the global umbrella of Islamic financial institutions, launched this morning its Technical Workshop on Liquidity Management Tools for Islamic Financial Institutions (IFIs), which is kindly hosted by Islami Bank Bangladesh, CIBAFI Board Of Directors (BOD) member bank.

This morning at Pan Pacific Hotel Dhaka, CIBAFI Technical Workshop was opened by welcoming and opening addresses of Abdelilah Belatik, Secretary General, CIBAFI; Arastoo Khan, Chairman, Board of Directors, IBBL; Dr. Mashiur Rahman, Advisor to the Prime Minister, Economic Affairs, The People’s Republic of Bangladesh; Md. Mahbub ul Alam, Managing Director & CEO, IBBL; and Abdur Rouf Talukder, Additional Secretary, Ministry for Finance.

The two days Technical Workshop will provide participants with a hands-on technical knowledge and skills on liquidity management tools for Islamic financial institutions (IFIs) with focus on Money Market operations and the liquidity management instruments used in the Islamic financial system.

Commenting on the Technical Workshop, Abdelilah Belatik, Secretary General of CIBAFI said, “This Technical Workshop is a timely initiative as shariah compliant liquidity management tools are at high demand locally.  Banks are in need of these tools and we hope that todays programme will facilitate and ease the banks burden in this regard.”

Delegates representing Islamic banks and financial institutions as well as Regulatory and Supervisory Authorities (RSAs), will be engaged in the discussion on the current environment of the liquidity management regulatory requirement and required tools for Islamic Financial Institutions (IFIs) to comply with it. Technical Workshop will include discussions and debate on real industry case studies.