Manama:The fourth Forum on Islamic Banking Transactions was inaugurated by Shaikh Abdulrahman bin Mohammed bin Rashid Al Khalifa, President of the Supreme Council for Islamic Affairs. The event, organized by the Islamic Bank of Bahrain (BisB), included participation from Sharia supervisory board members, experts, academics, and university students focusing on Islamic banking.
According to Bahrain News Agency, the forum addressed various themes such as innovation in Islamic banking, Sharia-compliant financing and investment, sustainable development, artificial intelligence, financial technology, and digital banking services.
Fatema Al Alawi, Chief Executive Officer of BisB, highlighted that the forum embodies the bank's dedication to raising awareness about Islamic banking. It also serves as a platform for specialists and academics to exchange experiences and discuss sector developments.
Additionally, the event marked the launch of a book titled "Origins and Development The Story of Bahrain's First Islamic Bank," which chronicles the bank's history since 1979 and its role in advancing Islamic banking in Bahrain. Several former leaders and pioneers were recognized for their contributions.
The forum also announced the winners of the Next Generation Islamic Banking Products Hackathon, organized in collaboration with Injaz Bahrain. The University of Technology Bahrain team secured first place with its product Tarakum. The American University of Bahrain team followed with Tajouri Green, while the University of Bahrain and Gulf University teams shared third place with their products Haseela and Miraath, respectively.