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Waqf Fund for Education & Training in Islamic Finance planning expansion July 3, 2007

Posted by islamicfinanceaffairs in Uncategorized.
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Gulf Daily News – Waqf Fund for Education & Training in Islamic Finance planning expansion

A Bahrain-based specialist fund which supports education and
training in Islamic finance is preparing for a new round of expansion.

The Waqf Fund was established last year with an initial capital of
$4.6 million by the Central Bank of Bahrain (CBB), in partnership with
several Islamic financial institutions (IFIs).

The new work programme includes public awareness programmes,
roundtable discussions and Sharia programmes, in addition to financing
professional and academic studies of individuals working in the Islamic
finance industry.

The new action plan for the Waqf Fund was discussed and approved at
a meeting of the fund’s board of trustees on Saturday, and was chaired
by chief of the Waqf Fund and executive director in banking supervision
at the CBB Khalid Hamad.

“The board discussed the enhancement of co-operation with the
Bahrain Institute of Banking & Finance, the fund administrator,”
Hamad said.

“It was decided that the fund should take a more proactive role in
developing Islamic finance training and education programmes offered by
BIBF’s Islamic Finance Studies Learning Centre.”

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