Kuwait's adviser to Shariah application visits Bahrain Islamic Bank HQ

The meeting, which took place at BIsB's headquarter at the Diplomatic Area, Manama, covered several topics of Islamic Banking and business in general, and the ways of finding Islamic solutions for relevant transactions.

Discussions also covered issues faced by Arab and other communities worldwide, such as poverty and unemployment. Dr. El Baaly said that the world's economy has failed to find proper solutions for such issues. "However, through our tolerant Shariah rules, the Islamic economy has created the Zakat system which is capable of eradicating such problems", Dr. Al-Baali explained.

Apart from the many specialist books and researches published by him, Dr. El Baaly fingerprints are quite prominent on Islamic banking worldwide through his leading role as chairman and president of a number of Islamic economic institutions.

Dr. El Baaly praised Bahrain Islamic Bank and referred to the quantum leap forward being witnessed by the Bank through the well-conceived strategic plan under the leadership of Mr. Khalaf. In particular, he was impressed by the investment being employed by the Bank's Management in human resources development, in attracting highly qualified Bahrainis and in keeping abreast of relevant state-of-the-art technologies.

"These are basic elements required to ensure the Bank's leading role in the Islamic banking industry", he said.

The meeting was also attended by Bank officials, Tariq Mohammed Bucheery, Senior Manager - Business Development & Corporate Communications, and Yacoub Yousuf Al-Aseeri, First Manager - Priority Banking. Mr. El Baaly was then taken on a tour of the Bank's departments and facilities.

Dr. Abdul Hameed El Baaly is a holder of several academic high degrees, including a first honour Ph. D. in Islamic Comparative Jurisprudence from the Al-Azher University, Egypt, and a Master Degree in Common Law. He enjoys 30-year experience in Islamic economy and banking.