Al Salam Bank hosts Cibafi members meeting

07/12/2017 06:00 AST

Al Salam Bank-Bahrain, one of the pioneering Shari’a-compliant Banks in Bahrain, recently hosted the periodic members consultative group meeting of the General Council for Islamic Banks and Financial Institutions (Cibafi).

The meeting was attended by the members of the Cibafi’s members consultative group which consists of number of advisory experts to discuss key issues and express their opinions on topics related to the Islamic financial service industry and work that Cibafi is undertaking in this regard.

Yousif Taqi, director and group CEO of Al Salam Bank-Bahrain, said: “We are delighted to host this year’s Cibafi members consultative group meeting at the Bank and we would like to extend our appreciation to their tremendous efforts in promoting Islamic Banking and significant contributions towards their on-going support to the development of Islamic financial services industry.”

“This is part of the bank's social responsibility and contribution to the development of the organizational structure of the Islamic Banking industry in the Kingdom of Bahrain as an important centre for Islamic bank,” he added.

Abdelilah Belatik, secretary general of Cibafi, said: “I would like to extend our appreciation to Al Salam Bank for hosting this meeting. Al Salam Bank-Bahrain is a member of the members consultative group of Cibafi, which is formed as part of Cibafi’s strategic plan 2015-2018 to provide inputs on technical and policy issues.

“Members Consultative Group meets regularly to discuss ongoing and future projects of Cibafi. We greatly benefit from the consultative feedback that group provides to ensure our work remains relevant to our stakeholders and enables us to contribute to the development of the Islamic financial services industry.”

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