Bahrain Islamic Bank (BisB) as platinum sponsor of the Islamic Sharia Boards' Conference

25-May-2010

Bahrain Islamic Bank announced its platinum sponsorship of the Ninth Conference of the Sharia'a Islamic Boards of Islamic Financial Institutions, which will be held from 26 to May 27, 2010 at Bahrain conference Centre at the Crown Plaza Hotel, under the patronage of the Central Bank of Bahrain, and to be organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). 

As a Platinum Sponsor of the Conference, Bahrain Islamic Bank would participate with a number of its senior staff headed by Mr. Mohamed Ebrahim Mohamed, CEO of the Bank, who praised the conference on his part, and the events and activities organized by AAOIFI which are always of benefit and interest to those who work in the field of Islamic banking. 

Mr. Mohamed Ebrahim stated that Bahrain Islamic Bank is very proud of its support and participation in this prestigious conference, which brings always under its umbrella a group of renowned ulama and scholars from various Arab and Islamic countries. 

The CEO of BisB then went on to mention that the conference will address many of the important issues, including: Mudaraba and Musharaka profit calculation in case Mudareb and Rabul-Mal money are pooled together, Utilizing al wafa sale and cash option in treating liquidity problems, Sharia methods in handling nonperforming loans and compensation of late loan and debt payments, complications arising on performing of treasury duties in banks. 

Mr. Mohammad Ebrahim confirmed that the bank will continue its support and participation in the Conference in the years to come, calling on the respected public and all the participants to visit Bahrain Islamic Banks section in this conference to learn about BisB activities and products and, in addition to that, the banking services it provides to its customers. 

It is worth mentioning that BisB is used to participate regularly in all events and programs organized by AAOIFI in the Kingdom of Bahrain, as an indication of the great emphasis put by BisB on Sharia issues and the regulations governing its investments and banking operations, and to track new developments occurring in the banking and financial sector.