The BIBF and GFH Financial Group announce strategic collaboration
The project, a comprehensive book, aims to provide an authoritative resource on Islamic capital markets, blending academic rigor with practical insights. The book will feature various chapters and relevant case studies, with a focus on real-world applications.
The book will serve as a vital resource for professionals and institutions, reinforcing Bahrain's leadership in Islamic finance education and innovation.
The BIBF's Chief Executive Officer, Dr. Ahmed Al Shaikh, commented: 'We are thrilled to partner with GFH Financial Group on this transformative project. This collaboration aligns with our mission to deliver world-class education and thought leadership in Islamic finance. By combining the BIBF's expertise in training and advisory with GFH's pioneering contributions to the industry, we aim to produce a definitive resource that will empower professionals globally.'
GFH Financial Group's Chief Operating Officer, Mr. Salah Sharif, added: 'GFH is proud to support this initiative, which reflects our commitment to fostering innovation and sustainable growth in Islamic finance. By contributing our real-world insights and expertise, we aim to create a lasting impact on the global financial community while reinforcing Bahrain's role as a leading financial hub.'
The book is expected to be completed by the end of 2025 and will be distributed to academic institutions, financial organisations, and industry stakeholders worldwide.
For more information about the project or to inquire about collaboration opportunities, please contact islamicfinance@bibf.com or call 17815555.
About the BIBF
The Bahrain Institute of Banking and Finance (BIBF) is the leading provider of education and training in the region, established in 1981 under the Central Bank of Bahrain. With a commitment to enhancing human capital, the BIBF serves not only Bahrain but also extends its reach to 64 countries worldwide, solidifying its global presence.
The BIBF is dedicated to delivering excellence across a broad spectrum of business disciplines. It partners with numerous international institutions to offer thought leadership, assessment, and training in key areas, including:
Banking and Finance
Islamic Banking
Executive Education
Accounting and Finance
Academic Studies
Leadership and Management
Insurance
Digital Transformation and Project Management
For more information, please contact the Marketing and Corporate Communications Department at:
Email: media@bibf.com
Website: www.bibf.com
About GFH Financial Group B.S.C.
GFH Financial Group, licensed as an Islamic wholesale bank by the Central Bank of Bahrain and headquartered at GFH House, P.O. Box 10006, Manama Sea Front, Kingdom of Bahrain is one of the most recognised financial groups in the Gulf region. Its businesses include Investment Management, Treasury & Proprietary Investments, Commercial Banking and Real Estate Development. The Group's operations are principally focused across the GCC, North Africa and India, along with strategic investments in the U.S., Europe and U.K. GFH is listed on four stock exchanges in the GCC, including the Bahrain Bourse, Boursa Kuwait, Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) where it is one of the most liquid and actively traded stocks. For more information, please visit www.gfh.com.
GFH Financial Group
Nawal Al Naji
Senior Manager - Corporate Communications
Email: Nalnaji@gfh.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Emirates 24/7
44 minutes ago
- Emirates 24/7
MOHRE, e& money partner to facilitate wage payments for domestic workers
The Ministry of Human Resources and Emiratisation (MOHRE) and e& money, the fintech arm of e&, signed a Memorandum of Understanding (MoU) to provide wage protection services via the e& money platform. This enables individuals to manage salary payments for domestic workers in line with applicable legislation and regulatory frameworks. By leveraging MOHRE's advanced technology, e& money aims to simplify salary transfers, reduce reliance on cash, and support the UAE government's push towards a cashless economy, benefitting both domestic workers and employers. Dalal Alshehhi, Acting Assistant Undersecretary for Labour Protection at MOHRE, said, 'This partnership reflects MOHRE's ongoing commitment to safeguarding workers' rights. By expanding our wage protection services through e& money, in its first phase, we are extending the Wage Protection System (WPS) to cover domestic workers in accordance with applicable regulations. This will ensure broader and more inclusive access to regulated and secure financial services, guaranteeing timely salary payments. Employers will now be able to pay domestic workers' salaries through a few simple steps.' Melike Kara, CEO of e& money, said, 'At e& money, we believe in creating financial solutions that make a meaningful difference in people's lives, enhancing their financial well-being and driving inclusive economic growth. Our collaboration with the Ministry of Human Resources and Emiratisation (MOHRE) is about innovating financial accessibility to empower workers, support businesses, and foster trust across the financial ecosystem. By integrating the Ministry's WPS model into the e& money platform, we're making salary management more efficient and, most importantly, more inclusive, democratising access to secure and seamless financial services that enhance the quality of life for everyone.' Through this partnership, MOHRE's Wage Protection System (WPS) APIs is integrated into e& money's platforms, offering a secure and compliant way for individuals to disburse salaries. While WPS has traditionally served private sector employees, this new initiative extends its reach to domestic workers. APIs, or Application Programming Interfaces, are digital connectors that allow e& money's app to securely communicate with MOHRE's systems, ensuring high levels of efficiency and compliance. The e& money app enables individuals employing domestic workers registered with MOHRE to access wage protection services through its platform. Once registered via the designated MOHRE services section within the app, users will automatically see the worker's name and salary details, allowing for quick, hassle-free payments. Wage data is securely stored and documented through full integration with MOHRE systems, enhancing compliance and simplifying processes for both employers and workers. Domestic workers receive an IBAN, a digital wallet and Mastercard prepaid card, driving financial inclusion among a largely unbanked population. e& money is also offering an introductory free card for up to two employees and guaranteeing the best exchange rate for international transfers, allowing domestic workers to meet all their financial needs through an affordable and secure financial super app.
Gulf Business
an hour ago
- Gulf Business
Jazeera Airways launches ‘Buy 1, Get 1 Free' promotion for fall travel
Image: Image: Jazeera Airways/ X Kuwait-based low cost carrier Jazeera Airways is offering a limited-time 'Buy 1, Get 1 Free' promotion, enabling travellers to book one-way or round-trip flights and receive a second ticket at no additional cost. The offer is available from August 18 to August 24, 2025, for travel between September 1 and December 15, 2025. The promotion applies to Jazeera Airways' Light fare, which includes basic seat selection. Passengers can enhance their travel experience by adding extras such as checked baggage, preferred seating, in-flight meals, or packages at a 60 per cent discount. Jazeera Airways offer available with promo code To redeem the offer, customers must use the promo code 'J9B1G1' at checkout on the Jazeera Airways Paul Carroll, CCO of Jazeera Airways, stated, 'At Jazeera Airways, we believe that incredible travel experiences should be accessible to everyone. Our 'Buy 1 Get 1 Free offer' isn't just a deal — it's a way to unlock new destinations and make travel more affordable.' The promotion has no limit on the number of tickets that can be booked, making it ideal for families, friends, or group travellers seeking to share the adventure. Terms and conditions apply. Read:
The National
an hour ago
- The National
Masdar consortium reaches financial close for $1.1bn Saudi solar project
The $1.1 billion Al Sadawi solar project in Saudi Arabia being developed by a consortium of UAE clean energy company Masdar, China's GD Power and Korea Electric Power Corporation (Kepco) has reached financial close. Eight regional and international lenders – Standard Chartered, Korea Eximbank, Abu Dhabi Commercial Bank, BNP Paribas, Abu Dhabi Islamic Bank, Bank of China, HSBC and Societe Generale – participated in the financing, which will cover a substantial part of the total project costs, Masdar said on Tuesday. The 2-gigawatt solar photovoltaic project is being developed under the kingdom's National Renewable Energy Programme (NREP), led by the Ministry of Energy. It is expected to begin generation at full capacity in early 2027, with commercial operation targeted for the same year. The announcement marks a "significant step in Saudi Arabia's clean energy journey, with Al Sadawi set to be one of the largest solar power projects in the world", said Mohamed Al Ramahi, chief executive at Masdar. 'Masdar is committed to supporting Saudi Arabia's clean energy objectives and this landmark project will add to our growing portfolio in the kingdom." The consortium was awarded the project in November. The kingdom is rapidly expanding its renewable power generation capacity to meet the rising demand of electricity in domestic commercial, industrial and residential sectors. Under the NREP, the country aim to boost its solar energy capacity to 40 gigawatts by 2030. Overall, Saudi Arabia aims to achieve an energy mix with 50 per cent renewables by the end of this decade. Last month, the kingdom also signed agreements worth more than 31 billion Saudi riyals ($8.3 billion) for seven renewable energy projects with an Acwa Power -led consortium to boost its green energy capacity. The deals cover five solar projects, including a 3-gigawatt Bisha project in Aseer, a 3-gigawatt development in Madinah, the Khulis Project in Makkah with a capacity of 2 gigawatts, and Afif 1 and Afif 2 in Riyadh, each with a 2-gigawatt capacity. The independent power-producer project at Al Sadawi, in Eastern Province, will be developed on a build, own and operate basis, with a 25-year power purchase agreement signed with the Saudi Power Procurement Company late last year, Masdar said. The UAE company, which opened an office in Riyadh in 2022, aims to expand its total capacity to at least 100 gigawatts of renewable energy by the end of the decade, from about 20 gigawatts. The company allocated more than $1.68 billion in green bond proceeds from 2023 and 2024 issuances to new solar, onshore and offshore wind, and energy storage projects as of the end of December, it said in a report this week. The funding is being used to develop clean energy across the UAE, Saudi Arabia, the US, Germany and the UK, as well as markets such as Uzbekistan, Azerbaijan and Serbia, Masdar said.
