Media ININ Economy We Trust
Media IN Jeddah Wednesday May 15th 2019 BNA
The global umbrella of Global Umbrella of Islamic financial institutions (CIBAFI), held its Annual Meetings yersterday Tuesday may 14 2019 at Jeddah. The Members and stakeholders witnessed CIBAFI Award 2019 Ceremony, presentation of CIBAFI Activities Report 2015 – 2018, the official launch of the new CIBAFI Strategic Plan 2019 – 2022, the launch of CIBAFI’s flagship publication, the Global Islamic Bankers’ Survey fourth edition and the inauguration of New CIBAFI Website.
The CIBAFI Award under the theme “Investment Innovation in Micro, Small, and Medium Enterprises (MSMEs) Financing”, was established in succession to the first CIBAFI Award in 2017 on Environmental and Social Responsibility. CIBAFI Award 2019 aimed to showcase Islamic financial institutions that are actively involved in MSMEs financing and innovation.
Islami Bank Bangladesh Limited emerged to be this year’s deserving recipient of CIBAFI Award 2019. Following the designation of the winner during the selection process, a due diligence was conducted at the headquarters of Islami Bank Bangladesh Limited and site visits were arranged to the Bank’s MSMEs investments.
With the completion of CIBAFI’s Strategic Plan 2015 – 2018, during which it successfully executed multiple projects, initiatives, and activities with support from its members and stakeholders, CIBAFI was proud to share its Activities Report 2015 – 2018, which garnered positive feedback and praises from the attendees of the meeting.
It is important that CIBAFI performs a continuous assessment of its activities and initiatives to continuously align them with what the members, stakeholders, and the industry as a whole in order to keep up with the rapid developments of the financial services industry and the changing needs of its members and stakeholders,
