Dr Khouildi, left, and Dr Al Shaikh, centre, at the signing
BIBF in deal to launch Islamic arbitration certification
MANAMA, March 17, 2016
Bahrain Institute of Banking and Finance (BIBF) has signed a co-operation agreement in Dubai with UAE-based International Islamic Centre for Reconciliation and Arbitration (IICRA) to launch a joint Certification in Islamic Arbitration, and collaborate in other areas of mutual benefit.
The Certification in Islamic Arbitration will serve as a stepping-stone towards a global first-of-its-kind Islamic finance qualification for legal professionals, said a statement.
The co-operation agreement will serve to help the industry maintain its current growth levels and further develop individuals with the skills and development to understand the legislative and statuary requirements in order to ensure sustainability and promote opportunities in the industry.
Dr Ahmed Al Shaikh, deputy director of BIBF, noted his appreciation of the collaboration agreement and highlighted that it would present further opportunities for growth and prosperity in the Islamic finance industry.
Dr Abdessattar Khouildi, IICRA secretary general, praised the co-operation for the benefit it provides to the Islamic Finance industry based on the signed memorandum of co-operation to develop the skills of arbitrators across the technical, legal and illegal aspects.
He also noted that it would enhance the culture of arbitration to compete at an international level, and that the IICRA – as a platform for Islamic arbitration – seeks to attract talent in the field. - TradeArabia News Service
