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HomeKuwait Finance House a Strategic Partner of the 15th AAOIFI Conference

Kuwait Finance House a Strategic Partner of the 15th AAOIFI Conference

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To further solidify its commitment towards the support in the development of the Islamic banking sector in the Kingdom of Bahrain and internationally. Kuwait Finance House Group (KFHG) participated as a strategic partner in AAOIFI’s 15th Annual Shari’a Conference that was held on the 12th and 13th of April at the Diplomat Radisson Blu Hotel in Manama.

The Conference, considered one of the most prominent in the region, focused on the legal and governance aspects of Islamic finance. It was organized by the Accounting and Auditing Organization for Financial and Islamic Institutions (AAOIFI) and sponsored by the Central Bank of Bahrain, with the participation of 40 Islamic finance experts from 16 countries including the GCC, Egypt, Sudan, Jordan, Algeria, Pakistan, Canada, America and others.

A number of important issues were discussed related to the Islamic finance industry, such as the drafting of legal documents in line with international standards and Islamic practices.

Mr. Abdulhakeem AlKhayyat, Managing Director and Chief Executive Officer of Kuwait Finance House-Bahrain, on behalf of the Group, said: “KFH Group are always keen to support the various financial events taking place regionally, with a special focus on Islamic banking conferences that have a positive impact on the banking sector in general. Our sponsorship of this conference reflects the Group’s support as a leading Islamic financial institution in the region.”

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Mr. AlKhayyat praised the pioneering role played by the Accounting and Auditing Organization for Islamic Financial Institutions in organizing this annual conference and expressed his aspiration for further cooperation with this body in future initiatives and conferences.

AAOIFI’s 15th Annual Shari’a Conference was attended by a host of Islamic leaders including prominent scholars, bankers, experts, lawyers, accounting professionals, senior managements of central banks and regulatory and supervisory authorities, academics, and members of the media. It also witnessed attendance by a number of ministers, ambassadors, CEOs of Islamic financial institutions and research and training centers and consultancies as well as representatives of international and regional organizations. A number of legal, and governance-related topics were discussed at this year’s conference including topics relating to both theoretical and practical perspectives, such as regulatory and supervisory frameworks for the Islamic finance industry.

 About Kuwait Finance House, Bahrain

Kuwait Finance House-Bahrain provides Islamic commercial and investment banking services. Established in 2002 as a wholly owned subsidiary of Kuwait Finance House (Kuwait) — an industry leader for 40 years — KFH-Bahrain specializes in developing and bringing to market the highest quality Islamic compliant banking and investment products, all of which are delivered by a staff of experienced and dedicated professionals with a deep understanding of the market and the clients we serve.

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