CIBAFI Conducts Online Technical Workshop on Governance and Compliance for Islamic Financial Institutions
Effective governance frameworks are essential to ensuring sound practices, ethical conduct, and Shariah compliance in Islamic financial institutions. In recognition of this, CIBAFI launched the workshop as part of its strategic objective of Professional Development, which focuses on enhancing the technical capacity of industry practitioners. The programme features a combination of technical sessions, real-world applications, and case-based discussions, covering key topics such as Shariah governance principles, internal control systems, risk-based compliance approaches, and international regulatory perspectives.
The workshop began with opening remarks from Ms. Zainab Al Owainaty, Director of Administration and Finance Affairs at CIBAFI. She emphasized the vital importance of governance and compliance in the face of ongoing global shifts in the financial sector, particularly within the Islamic finance industry. Ms. Al Owainaty highlighted that the sustained success of Islamic financial institutions relies on their ability to develop a comprehensive framework that effectively integrates strong governance, rigorous compliance, and sustainable practices. The more effectively we align these pillars, the greater our potential to lead in global markets and deliver meaningful value to our communities.
The workshop was facilitated by Prof. Dr. Younes Soualhi, Senior Researcher and Professor at INCEIF – The Global University of Islamic Finance, Malaysia. Participants benefited from his extensive expertise and practical insights. The programme also featured contributions from distinguished guest speakers, including Dr. AbdelGadir Warsama Ghalib, Founder & Principal Legal Counsel, Abdelgadir Warsama Legal Consultancy, Bahrain and Mr. Usama Saleh, Chief Shariah Audit Executive, TAJ Bank, Nigeria.
This workshop underscores CIBAFI's ongoing dedication to advancing the Islamic financial services industry through targeted technical programmes and knowledge-sharing platforms that address the sector's evolving governance and compliance priorities.
About CIBAFI: CIBAFI is an international non-profit organisation founded in 2001 by the Islamic Development Bank (IsDB) and a number of leading Islamic financial institutions. CIBAFI is affiliated with the
Organisation of Islamic Cooperation (OIC). With more than 140 members from over 30 jurisdictions all around the world, CIBAFI is recognised as a key piece in the international architecture of Islamic finance.
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