Gulf Hotel

AAOIFI forum a big success

At this year's Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) annual conference came 400 delegates from more than 20 countries from as far afield as South Africa, North Africa, Asia and Europe.
Despite the recent unrest in the kingdom, the conference wasn't affected, it was a big success. The conference closed at the Gulf Hotel and AAOIFI will now carry out training workshops in Bahrain until Friday.

Islamic IFA calls for overhaul of UK banks

Getting Islamic finance to become more mainstream needs a significant change to take place in the industry.
During the three-day event at the Gulf Hotel in Manama, delegates heard of the challenges facing the proliferation of Islamic finance products.
Shebab Marzban, product development officer for Egypt-based Ideal Ratings, instigated the discussion when he warned that many Western fund managers fail to carry out correct due diligence on Islamic finance products.

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