Manama (UNA) – The General Council for Islamic Banks and Financial Institutions (CIBAFI) held a virtual workshop on “Governance and Compliance in Islamic Financial Institutions” today, June 23, 2025, in English, with the participation of a select group of professionals and specialists in the Islamic financial services industry.
The workshop aimed to enhance the professional capabilities of those working in the Islamic financial sector and develop an understanding of governance structures and compliance frameworks in Islamic financial institutions, with a focus on regulatory expectations, Sharia governance principles, and effective internal controls that contribute to establishing transparency and enhancing operational integrity within these institutions.
The workshop agenda included a series of interactive sessions, practical applications, and applied exercises that addressed the principles of Sharia governance, internal control systems, and risk-based compliance methodologies, in addition to a review of international regulatory practices.
The workshop opened with a welcoming speech delivered by Ms. Zainab Al-Awinati, Director of the Administrative and Financial Affairs Department at the General Council for Islamic Banks and Financial Institutions (CIBAFI). She emphasized the importance of governance and compliance in light of the global developments witnessed by the financial sector in general, and Islamic financial services in particular. She emphasized that the success of Islamic financial institutions depends on their ability to build an integrated system that combines sound governance, effective compliance, and sustainable practices.
The workshop was presented by Professor Younes Soualhi, a researcher and academic at INCEIF International University of Islamic Finance in Malaysia, and participants benefited from his extensive academic and practical experience.
It's worth noting that this workshop is part of CIBAFI's ongoing efforts to develop the Islamic financial services industry through specialized technical programs and effective knowledge-sharing platforms, reflecting its response to the changing governance and compliance landscape in the financial sector.
(is over)
