AlHuda CIBE, ADB and BSEC Jointly conducted Sukuk Workshop

AlHuda CIBE Successfully Arranged Two Days Specialized Training in association with Bangladesh SEC, ADB for 510 participants who were trained by 18+ experts

(June 16, 2021 (Dubai)): AlHuda CIBE arranged a large-scale Training on Sukuks on behalf of the Bangladesh Securities of Exchange Commission (BSEC) and Asian Development Bank (ADB) for 500+ participants nominated by BSEC.

The training program was organized virtually and 18+ speakers from around the globe were present. They shared their expertise and valuable insights of the Sukuk Industry. The participants nominated by Bangladesh SEC included professionals from various key organizations and industries which include Central Bank, Stock Market, Investment Companies, Rating Agencies, Brokers, and Capital Market, etc. The event was divided into an Opening Ceremony, 6 training sessions with tem batches and a Grand Closing Ceremony.

Notable personalities from around the globe addressed the event. Mr. Ayman Sejiny the Chief Executive Officer, Islamic Corporation for the Development of the Private Sector (ICD), was the Chief Guest of the closing ceremony. He shared his wisdom, stating that he expects to see rising curiosity and interest in local currency Sukuks. He commended AlHuda CIBE for all the effort that the organization has put in. He further mentioned that the Islamic Finance market needs support from political leaders to properly adopt and practice Shariah-compliant products.

Mr. Omar Mustafa Ansari the Secretary-General for Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) shared his insight that AAOIFI is issuing various standards to facilitate and encourage Islamic Capital Market as we believe that Sukuk is an emerging component in Islamic Finance industry.

Mr. Zubair Mughal the Chief Executive Officer, AlHuda CIBE also addressed the occasion, stating that Sukuk have a pivotal role in Islamic Finance Industry which has a size of about $2.9 Trillion, with 14% market share grasped by Sukuk. Sukuks are emerging not only in Muslim world but also in other countries and AlHuda CIBE is partaking in structuring and designing innovative Sukuk products.

Mr. Muhammad Saifur Rehman, Executive Director and Project Director Bangladesh for BSEC, commended the relentless support that AlHuda CIBE has given to the Islamic Finance Industry. He stated that BSEC is trying to diversify the equity-based market by introducing new products. He expressed his gratification for successful completion of this training where Bangladeshi professionals learnt the standards and essentials of Sukuk from global players and learned individuals. Mr. Ihsan Ovut, Secretary General, the Standards and Metrology Institute for Islamic Countries (SMIIC), presented his views to the trainees as well, stating that it was a pleasure to observe so many individuals keenly taking part in upgrading their skillset and SMIIC opens its arms to everyone wishing to make valuable contribution to the industry.

The event featured highly skilled and notable speakers from across the globe. These speakers included Mr. Muhammad Zubair, Mr. Hamad Rasool Bulhar, Mr. Khalil Ul Rehman, Dr. Awais Ur Rehman, Dr. Talat Hussain, Mr. Raheel Bhagar, Mr. Faizan Ahmad, Muhammad Mujeeb Baig, Syed Talha Saleem Kapadia, Dr. Syed Muhammad Abdul Rehman Shah, Dr. Jubril Abdullahi Salaudeen, Mr. Ahcene Lahsasna, Mr. Imran Hussain Minhas and Mr. Mohammad Issa Hemed Mfyomi.

About AlHuda CIBE:
AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research and provides state-of-the-art Advisory Consultancy and Education through various well-recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Training Workshops, and Islamic Microfinance and Takaful Consultancies etc. side by side through our distinguished, generally acceptable and known Publications in Islamic Banking and Finance.

We are dedicated to serving the community as a unique institution, advisory and capacity building for the last twelve years. The prime goal has always been to remain stick to the commitments providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 35 Countries for the development of Islamic Banking and Finance industry. For further Details about AlHuda CIBE, please visit: www.alhudacibe.com

For Media Contact:
Ms. Shaguftta Perveen
Manager Communications,
info@alhudacibe.com