The Waqf Fund
The Waqf Fund was established in November 2006 under the auspices of the Central Bank of Bahrain (CBB) in partnership with Islamic Financial Institutions (IFIs) in Bahrain. Among the founding IFIs were Arcapita Bank, Bahrain Islamic Bank, Kuwait Finance House (Bahrain), AlBaraka Banking Group, Unicorn Investment Bank, ABC Islamic Bank, Shamil Bank (now Ithmaar Bank) and Gulf Finance House. The member institutions made one-time contributions to the Waqf Fund's corpus which is invested in Islamic money market instruments and the return is used to finance the Fund's initiatives. These initiatives are executed through partner organisations.

AlHuda CIBE is an established name in Islamic Microfinance & Development sector focusing on Research, Development, Capacity
November 2017  
In pursuance of our aim to promote Islamic Microfinance globally for poverty alleviation, financial inclusion and development, we are pleased to announce“7th Global Islamic Microfinance Forum” which is scheduled on November 24 -25, 2017 at Istanbul,.
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IIFM Specialized Sessions held in Surabaya to Accelerate the Global Islamic Financial Market Development
November 2017.
The International Islamic Financial Market (IIFM) and Bank Indonesia successfully organized a “Specialized Session on Islamic Finance” as part of the 4th annual Indonesia Shari’ah Economic Festival (ISEF)
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Centre of Islamic Banking & Economics
Islamic Finance is Tremendously Developing in Central Asia
The future of Islamic Banking and Finance is bright in Central Asian Countries as well as Caucasus and Balkan
November 2017  
Kazakhstan is playing an important role for the development of Islamic Banking said by Mr. Muhammad Zubair Mughal (Chief Executive Officer- AlHuda Center of Islamic Banking and Economics) in the “Islamic Finance Week” organized by Astana International Finance Center.
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World Islamic Banking Conference announces record 24th edition in strategic partnership with the Central Bank of Bahrain
The 24th edition of WIBC, also the world’s longest running Islamic banking conference, is set to return to Bahrain this December, and will take stock of the most pressing issues affecting the global financial landscape.
November 2017.
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The IFSB and IILM Sign MOU to Emphasise on Economic Development in the Islamic Financial Services Industry
November 2017.
Mr. Zahid ur Rehman Khokher, Acting Secretary-General of the IFSB and Mr. Abdoul Aziz Ba, Acting Chief Executive Officer of IILM, signing the MOU between the IFSB and the IILM, strengthening cooperation between the two institutions, during the IFSB Summit 2017, on 22 October 2017, in Abu Dhabi.
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CIBAFI Submitted Comments to the AAOIFI on Governance Standard No. 9: “Shariah Compliance Function”
November, 2017  
Manama, Kingdom of Bahrain  Aligned with its role as advocate of the Islamic Financial Services Industry (IFSI), the General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, announced that it has provided its comments to the Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI) on its Exposure Draft (ED) of Governance Standard No. 9: “Shariah Compliance Function”
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