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KHCB a Silver Sponsor of AAOIFI

Khaleeji Commercial Bank has participated as a silver sponsor in the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)’s Annual Shari’a conference held in Diplomat hotel on 17th & 18th November 2014. The conference was organized under the auspices of the Central Bank of Bahrain in partnership with the World Bank and attracted many participants from different Islamic financial institutions in and outside Bahrain.

The conference discussed many topics related to the industry including the convergence of International Accounting Standards, Islamic Insurance from an accounting and Shari’a perspective, and potential changes to accounting standards in both Ijara and Murabaha.

Mr. Fuad Taqi, Deputy General Manager at KHCB attended the opening of the conference which was also attended by representatives from the Bank who attended the sessions, participated in the discussions and group workshops and shared their experiences with other participants.