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Thursday, 03 August 2017 16:39

Cooperation between BADEA & IsDB Workshop on Islamic Finance

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As part of the cooperation between the Arab Bank for Economic Development in Africa (BADEA) and the Islamic Development Bank Group, a four-day workshop on Islamic Finance completed today, Thursday, 27 July 2017, at BADEA’s Headquarters in Khartoum, and was conducted by Experts from Islamic Research and Training Institute (IRTI), a member of Islamic Development Bank Group.

The objective of the workshop was to introduce and sensitize to BADEA’s Experts on the fundamentals and principles, instruments, disciplines of Islamic Finance, and familiarize them with the most common Islamic Financial products.

In this regard, the workshop focused in particular on the following themes:

•       Definition of Islamic Finance and key Islamic Finance Principles and Planning.

•       Islamic Capital Market Instruments

•       Shari’ah Issues and Shari’ah Compliance Audit for Financial Products.

•       Islamic Bonds (Sukuk) and Islamic Securitization.

•       Islamic Models for financing development projects.

•       Islamic Finance in terms of Islamic Banking, Takaful, Islamic Capital Market Operations and Islamic Mutual Funds.

•       Risk assessment in Islamic Finance Institutions.

•       Islamic financial products to manage Banking liquidity.

•       Types of Islamic Products.

At the end of the workshop, H.E. Dr. Sidi Ould Tah, Director-General of BADEA thanked the Experts of the IRTI and addressed the closing session by emphasizing the importance of Islamic Finance which is the "backbone of the economy" due to its role in providing and transforming resources at the lowest cost and more deserving of investments that support growth and increase welfare by mobilizing savings, financing investments and diversifying risks.

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