Kuwait Finance House – Bahrain (KFH-Bahrain) was the Gold Sponsor of the recently held 13th Annual Sharia Conference at the Gulf Hotel.

It was held under the patronage of the Central Bank of Bahrain and organised by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), the international body that formulates standards on accounting, auditing, ethics, governance and Sharia for the international Islamic finance industry, reported the Gulf Daily News, our sister publication.

"KFH-Bahrain recognises the importance of such conferences that aim to enrich the field of Islamic banking through the discussion of topics related to the industry," KFH-Bahrain managing director and chief executive Abdulhakeem Alkhayyat said.

"This year's conference provided an essential forum to meet and discuss various key issues among participants and specialists from Islamic banks and financial institutions.

"The AAOIFI continues to lead the way by gathering the major financial institutions together and set new standards and best practices for Islamic financial institutions.

"The valuable discussions held during the sessions will help steer the Islamic finance industry towards growth and this influence will be felt worldwide as the concept of ethical banking continues to develop and expand," he added. – TradeArabia News Service