[PDF] General Council For Islamic Banks And Financial Institutions

What is CIBAFI (General Council for Islamic banks and financial institutions)?

General Council for Islamic Banks and Financial Institutions (CIBAFI) is a nonprofit institution that is the umbrella for Islamic financial institutions worldwide. It was founded by the Islamic Development Bank (IDB) and a number of leading Islamic financial institutions, CIBAFI is affiliated with the Organisation of Islamic Cooperation (OIC).

What is the relationship between Bahrain and General Council for Islamic banks & financial institutions?

Between the Kingdom of Bahrain And the General Council For Islamic Banks And Financial Institutions And after the headquarters agreement signed between the state of Bahrain and the General Council For Islamic Banks And Financial Institutions, and based on the offer of the finance and economy minister, and after approval of the ministerial council

Who are the regulators of Islamic banking?

The regulators were from Algeria, Azerbaijan, Bahrain, Bangladesh, Indonesia, Jordan, Kuwait, Kyrgiz Republic, Malaysia, Qatar, Saudi Arabia, Sudan, Turkey, and UAE. The banks which responded were: ABC Islamic Bank, Bahrain, Abu Dhabi Islamic Bank, UAE, Badr Forte Bank (Russia), and Gulf Investment House (Kuwait).

Should central banks make arrangements for Islamic banks?

If the central banks as well as schools and universities could make arrangements for this purpose, as is done in the case of conventional banking, the task of Islamic banks would become relatively easier. 6.7 Islamic Financial Market It is also necessary to create an Islamic financial market.