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.

CIBAFI Submitted Comments to the Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI)
July 2018.
Manama, Kingdom of Bahrain | Aligned with its role as an 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 submitted its comments on 28th June 2018 to the Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI) on the Revised Financial Accounting Standard No. 25: “Investments in Sukuk, shares and similar instruments”.
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Centre of Islamic Banking & Economics
Islamic Banking is Rapidly Growing Industry in Ethiopia, Zubair Mughal
Organized 6 Days Workshops on Islamic Banking in Ethiopia, by AlHuda Center of Islamic Banking and Economics, Participation by number of Bankers
July 2018  
(Dubai)): Ethiopia is an important country of East Africa. Total population is 102 million and Muslims are 40% of it, which is major reason for the promotion of Islamic Banking. Ten conventional banks are offering Islamic banking services in Ethiopia, and three more bank are going to offer Islamic banking services in near future. Mr. Muhammad Zubair, the CEO of AlHuda Center of Islamic Banking and Economics expressed his views in the Islamic Banking workshop mutually held by AlHuda and Dashan Bank in Addis Ababa, the capital of Ethiopia.
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New Malta Islamic Finance Association sees opportunities as Brexit beckons
Strong possibility of positioning Malta as the European Centre of Islamic Finance
July, 2018.
A Malta Islamic Finance Association has been set up with government backing to promote links with the global Islamic finance industry.
It will liaise with governments, quasi-governmental institutions, multilateral organizations, standard-setting bodies, agencies and regulatory authorities in support towards its goals.
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ETHICO LIVE
July 2018.
Building on the success of our previous summits where more than 300 Islamic banking leaders from across Africa and internationally gather each year to discuss new strategies to boost trade & investment between Africa, OIC countries and the broader international markets through Islamic finance, Ethico Live! in collaboration with the Central Bank of Djibouti are delighted to announce the 7th Edition of the International Islamic Banking Summit Africa: Djibouti 2018 which will take place on the 7th & 8th of November 2018 at the Djibouti Palace Kempinski.
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