H.E. Zehra Zümrüt SELÇUK met with H.E. Dr. Ahmed AL SHAIKH, CEO of the Bahrain Institute of Banking and Finance (BIBF), to discuss ways in advancing the financial capabilities of OIC countries, with an emphasis on Islamic banking and finance as key drivers of economic development.

During the meeting, H.E. SELÇUK pointed out that in June 2024, SESRIC and BIBF formalized their collaboration through a Memorandum of Understanding (MoU) signed in Istanbul with the objective of promoting the development of skills and knowledge in Islamic banking and finance across OIC countries. Within this framework, SESRIC has been actively involved in organizing capacity building activities; such as workshops and webinars which hosted participants from 25 OIC member countries who benefited and gained valuable insights into the statistical frameworks needed to strengthen their Islamic finance sectors.

In turn, H.E. Dr. AL SHAIKH thanked H.E. SELÇUK for her visit, stating that SESRIC plays a comprehensive role in raising awareness of the halal industry, Islamic banking and Islamic digital economy, pointing out to the all-encompassing nature of Islamic finance in promoting a sustainable economic ecosystem.

The bilateral meeting ended with a reinforced shared vision of SESRIC and BIBF to drive innovative solutions in Islamic finance, positioning OIC Countries for sustained economic growth and financial inclusion.

The Bahrain Institute of Banking and Finance (BIBF) is a leading training and development institution in Bahrain, dedicated to advancing education in banking, finance, and various specialized sectors. Established to meet the growing demand for skilled professionals, BIBF offers a range of programs and certifications tailored to the needs of the financial sector and beyond, including Islamic finance, cybersecurity, and leadership. With collaborations with global academic and professional institutions, BIBF provides high-quality education and practical training to enhance Bahrain’s workforce, contributing to the Kingdom’s economic growth and positioning it as a financial hub in the region.

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