Centre for Islamic Banking, Finance and Management (CIBFM) and event partner Islamic Research and Training Institute (IRTI), with the support of Autoriti Monetari Brunei Darussalam (AMBD) organised an Islamic Capital Market Masterclass today, 21 Rabiulawal 1440 corresponding to 29th November 2018, at The Rizqun International Hotel, Bandar Seri Begawan.
The two-day masterclass provided participants with the opportunity to interact with each other and learn about Islamic Capital Market regulations, concepts, impact and standards in greater detail. This included discussions on wealth accumulation tools, such as zakat and waqf, Basel III’s impact on Islamic Financial Products, International Islamic Financial Market’s (IIFM) templates, and waqf-linked sukuk.
The masterclass was attended by about 31 participants, consisting of regulators, Syariah advisors, lawyers, members of the finance industry, and academicians, and is the first collaboration between CIBFM and IRTI since the recent Memorandum of Understanding (MoU) between the two entities. The MoU aims to develop financial experts and promote Islamic Finance through collaborative research, workshops, and events.
IRTI, based in Jeddah, Saudi Arabia, is a member of the Islamic Development Bank Group (IsDB). IRTI is responsible for leading the development and sustenance of a dynamic and comprehensive Islamic Financial Services Industry that supports socio-economic development in member countries. IsDB is a multilateral development financing institution located in Jeddah, Saudi Arabia with 57 shareholding member states including Brunei Darussalam.
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