Al Salam Bank-Bahrain platinum sponsor of Conference on Islamic Banking and Finance

His statement came marking the Bank's Platinum sponsorship of the "Annual Conference on Islamic Banking and Finance" of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).

The conference is hosted by AAOIFI in partnership with the World Bank, and under the auspices of Central Bank of Bahrain. The conference will be held at the Diplomat Hotel on 18 and 19 November 2007 under the theme "From Moderation in Islam to Moderation in Islamic Jurisprudence (Fiqh al Muamalat) for Islamic Finance".

Mr. Yousif Taqi said that the Bank's successive achievements since its establishment led to strengthening its financial foundations based on the Islamic Shari'a principles and rules. The Bank also effectively contributed in affirming the practicality of the Islamic Jurisprudence as competitive in respect to the traditional banking systems. The Bank has created new solutions for Islamic finance, where, for example, it has introduced Al Salam Wakala Deposit which is considered one of the pioneering initiatives within the Islamic banking sector.

Al Salam Bank-Bahrain, being an Islamic bank, has special interest in supporting various events which focus on the Islamic finance, Taqi said, adding that the Bank strongly believes in the effectiveness and practicality of the Islamic Shari'a in achieving best results within the financial sector, and able to cope with any developments in the banking and financial sector in a whole. It is even capable of innovating banking solutions and laying down effective Islamic systems, he affirmed.