An Islamic capital market masterclass has been organized by the Centre for Islamic Banking, Finance and Management (CIBFM) of Brunei and the Islamic Research and Training Institute (IRTI), with the support of Autoriti Monetari Brunei Darussalam (AMBD).
The two-day course, held in Brunei Darussalam, was aimed to provide participants with the opportunity to interact and learn in detail issues of regulations, concepts, impact and standards on Islamic capital market. The workshop discussed wealth accumulation tools such as zakat and awqaf, Basel III's impact on Islamic financial products, and International Islamic Financial Market's (IIFM) templates and waqf-linked sukuk.
Thirty-one participants attended the session, consisting of regulators, Shari'ah advisors, lawyers, financial industry operators and academics.
This was the first collaboration between IRTI and CIBFM since the two institutions signed a Memorandum of Understanding (MoU) recently. The MoU aims to facilitate cooperation between IRTI and CIBFM to develop capacity of financial experts and promote Islamic finance through collaborative research, workshops and events.
In her remarks at the end of the masterclass, Hajah Sufinah binti Haji Sahat, Acting Chief Executive Officer of CIBFM and Acting Assistant Managing Director of AMBD, expressed appreciation to the facilitator and participants of the workshop.
"I would also like to particularly thank the Islamic Development Bank and Islamic Research and Training Institute for their fruitful and effective collaboration to enrich our training activities in the CIBFM Brunei. And, I do hope there will be other and deeper exchanges between CIBFM and IRTI in the future," she added.