BIBF focuses on sharia-based risk management
Manama, April 9, 2014
Bahrain Institute of Banking and Finance conducted a training course on concepts, strategies and instruments used for hedging risks in Islamic Finance recently.
The two-day course was delivered by Dr Sami Ebrahim Al-Suwailem, head of Financial Product Development Center at Islamic Development Bank (IDB) in Jeddah.
Dr Al-Suwailem, as a practitioner and sharia scholar, gave real-life examples of hedging products developed by the IDB.
The course was designed for those keen to gain an in-depth understanding of hedging in Islamic banking relative to a multitude of Islamic finance contracts and products.
The attendees included risk management and product development professionals, mid and top level management, credit officers and investment analysts.
Solveig Nicklos, BIBF director, said: "As Islamic Finance evolves, increasingly sophisticated techniques are required to structure products and manage risk. BIBF will continue to serve the market through thought leadership in partnership with leading subject matter experts." - TradeArabia News Service