Kuwait Finance House-Bahrain is set to support the Islamic Financial Services Board (IFSB) seminar in Bahrain.

The event will be held on Sunday at the Ritz-Carlton Bahrain Hotel and Spa.

Titled 'Business Models in Islamic Finance: Challenges and Opportunities', the seminar will discuss general and specific issues relating to business models in Islamic finance.

The discussions will focus on profit-sharing investment accounts and Sharia-compliant private equity accounts.

The IFSB is mandated to develop international prudential standards for the Islamic financial services industry.

The seminar is the second of three IFSB awareness programmes scheduled for next month.

The programmes consist of two seminars and one roundtable and will focus on Islamic capital markets, business models in Islamic finance and issues related to effective insolvency regimes.

'The presentations and discussions during the seminar will aim to further the understanding of industry practitioners and supervisory bodies on the application of business models, as well as the contribution to the growth and development of a sound and stable Islamic financial services industry,' said KFH-Bahrain managing director and chief executive officer Abdulhakeem Alkhayyat.

Central Bank of Bahrain Governor Rasheed Al Maraj will deliver the seminar's gala dinner keynote address.

IFSB secretary-general Professor Datuk Rifaat Ahmed Abdel Karim will deliver the opening remarks of the seminar.

Alkhayyat will be one of the speakers at the seminar.

The other IFSB programmes will be held in Istanbul, Turkey, on Friday and Washington DC on October 10.

The three programmes are open for participation by the IFSB member organisations, which stand at 195 from 40 countries. The seminars are also open to the public. Registration is free.-TradeArabia News Service