A Bahrain-based General Council for Islamic Financial Institutions will become operational later this year, reported the Gulf Daily on Monday.
“With a Cabinet go-ahead, work to establish the council has been stepped up,” said Bahrain Islamic Bank managing director, Abdul Latif Janahi.
The bank is a member of the council, which already has more than 60 members, the paper said.
“The council’s chairman will be Islamic banking pioneer Shaikh Saleh Kamel,” said Jahani, adding that Tunisian Ezzedine Khoja was appointed secretary general of the council.
“The next step, following the cabinet approval, is the signing of the bylaws of the council,” Janahi added.
The new association is aimed at providing the Islamic banking and finance industry with a forum to collectively meet future challenges, said the paper.
It is also aimed at spreading awareness and knowledge about Islamic banking services, for the development of the industry and promote cooperation between members, to achieve common objectives, it added – Albawaba.com
