Libya’s largest bank, the state-run Jumhouria Bank, was one of the main sponsors of the 18th Annual Islamic Banking and Finance Conference of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Islamic Development Bank (IsDB).
AAOIFI is a Bahrain-based non-profit organization established to maintain and promote Shariah standards across Islamic financial institutions, participants, and the industry as a whole.
The conference was held in Bahrain from November 29 to 30, with the theme: “Strategies for the impending economic slowdown and a post-oil world: through economic diversification and leveraging Islamic finance.”
Supporting the Islamic finance industry
Jumhouria Bank said its sponsorship is part of its ambition to support the Islamic finance industry and its institutions, the foremost of which is AAOIFI, the most prominent issuer of international Islamic finance industry standards.
Upgrading the reality of Islamic banking
It is also an initiative to strengthen AAOIFI’s efforts to organize professional scientific conferences aimed at improving the realities of Islamic banking and finance by keeping pace with the latest scientific and intellectual developments in the field. As part of this, this meeting will also be held, the bank added. It is also within the scope of meeting industry standard requirements, providing a high degree of compatibility and homogeneity at industry level, different countries, and global level.
Development and sustainability of the Islamic financial sector
Nouri Abu Huraija, Deputy General Manager of Cumhouria Bank, said: Brings together members of senior management from Islamic financial institutions and other bodies to achieve an exchange of ideas and experiences that contribute to the development and sustainability of the Islamic financial sector.
We are also pleased that Cumhouria Bank is a sponsor of this world-class conference. We are also confident that the discussions and deliberations will contribute to increasing the dimension of knowledge in the field of Sharia financial transactions and provide solutions to many pressing intellectuals. and today’s practical problems and problems.
