The International Islamic Trade Finance Corporation organized a workshop for local BBs and FIs

The 2-day workshop focused on various Islamic finance products and services, structuring, product comparison and skill development to analyze alternative solutions based on Sharia

The International Islamic Trade Finance Corporation (ITFC) hosted a two-day workshop on trends and developments in Islamic finance products and services, especially those related to trade finance.

According to a press release, the workshop aimed to support the country’s efforts to improve the knowledge and understanding of its financial institutions on Islamic finance products and services.

The workshop was led by a well-known expert in the field, who addressed the meeting on the latest trends in the Islamic finance industry, exploring a wide range of topics, including structuring, product comparison and the development of skills to analyze Sharia law based on Sharia law. Alternative solutions.

The workshop provided an opportunity for participating institutions to explore the viability and impact of Islamic finance on the global banking system and the role of Islamic banks in the post-covid recovery of the economies of the countries in which they operate. .

In addition, the gathering also highlighted the potential growth of Islamic finance within the financial sector in Bangladesh, especially with the recent policy incentive adopted by the government of Bangladesh to develop Islamic finance.

Commenting on the importance of the workshop, Engr Hani Salem Sonbol, CEO of ITFC, said: “

Today’s event is further proof of ITFC’s willingness to support Bangladesh’s development plans in different sectors including financial institutions to utilize the large potential demand for Islamic finance products in Bangladesh. . Despite multiple challenges during the COVID-19 pandemic, ITFC is committed to implementing its trade development initiatives for the benefit of its member countries, including the advanced workshop on Islamic finance for financial institutions in Bangladesh.

Engr Sonbol also added, “ITFC has realized the potential growth of Islamic finance in the financial sector in Bangladesh, especially with the recent political push from the government of Bangladesh to develop Islamic finance. We have also witnessed the efforts of the Bangladeshi authorities who have allowed several conventional banks to convert to Islamic banks in recent years, spurring the expansion of the sector.


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