CIBFM and IRTI conduct Islamic Capital Market Masterclass

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Participants of the masterclass in a group picture with their facilitators. Image: CIBFM

BANDAR SERI BEGAWAN

Centre for Islamic Banking, Finance and Management (CIBFM) and Islamic Research and Training Institute (IRTI) organised an Islamic Capital Market Masterclass today at The Rizqun International Hotel.

The two-day masterclass which was supported by Autoriti Monetari Brunei Darussalam (AMBD) provided participants the opportunity to interact and learn about Islamic Capital Market regulations, concepts, impact and standards.

Some 31 people consisting of regulators, Syariah advisors, lawyers, members of the finance industry and academicians attended the programme.

Discussions included in the class were such as on zakat and waqf, Basel III’s Impact on Islamic Financial Products, International Islamic Financial Market’s (IIFM) templates, and waqf-linked sukuk, among others.

The masterclass was the first collaboration between CIBFM and IRTI since its recent Memorandum of Understanding (MoU) signing.

The MoU aims to develop financial experts and promote Islamic Finance through collaborative research, workshops, and events.

The Jeddah-based institute is a member of the Islamic Development Bank Group (IsDB) and is responsible for leading the development and sustenance of a dynamic and comprehensive Islamic Financial Services Industry supporting the socio-economic development in member countries.

Meanwhile, IsDB is a multilateral development financing institution located in Jeddah, Saudi Arabia with 57 shareholding member states including Brunei.

The Bruneian