BIBF and SESRIC sign MoU to collaborate on areas of mutual interest related to Islamic banking and finance

The Bahrain Institute of Banking and Finance (BIBF) and the Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) have signed a Memorandum of Understanding (MoU) to collaborate on areas of mutual interest related to Islamic banking and finance. 

The MoU was signed at the offices of the Turkish Participation Banks Association (TKBB) in Istanbul, Turkey. BIBF was represented by Dr. Ahmed Al Shaikh, the CEO of BIBF, while SESRIC was represented by Zehra Selcuk, the Director General of SESRIC. 

The MoU aims to develop and deliver joint training programmes on Islamic banking and finance for OIC member countries, organize collaborative events and conferences to share knowledge and best practices, and explore opportunities for research, publications, and academic exchange in Islamic finance.

Commenting on the partnership, Dr. Ahmed Al Shaikh, the BIBF’s Chief Executive Officer, said, “We are delighted to collaborate with SESRIC, a renowned institution within the OIC network. This MOU aligns with the BIBF’s mission to be a leading provider of Islamic finance education and training, not only within the region but globally. We look forward to leveraging our combined expertise and resources to support the development of Islamic finance in OIC member countries”.

Zehra Selçuk, the Director General of SESRIC, in her remarks, thanked the Participation Banks Association of Türkiye (TKBB) for hosting the Signing Ceremony.

Selçuk noted that this collaboration would contribute to supporting OIC Member Countries in developing strong Islamic Banking and Finance sectors. 

Selçuk concluded her remarks by underlining the role of TKBB in advancing participation in banking in Türkiye and abroad.

The signing of this MOU marks a significant milestone in the ongoing efforts to strengthen cooperation and knowledge exchange in the field of Islamic finance within the OIC region.


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