MBA students get an insight into Islamic finance sector

MANAMA: A group of 38 MBA students yesterday attended a one-day seminar on Islamic Finance at the Regency Intercontinental Hotel.

KFH-Bahrain received the students from the Darden School of Business, University of Virginia.

The Darden School of Business delegation is touring Bahrain with an aim to gain greater awareness about the kingdom and its financial services activities.

"Initiatives such as this allow the exchange of perceptions and experiences on ways to enhance mutual synergy, bridge communication gap and explore possibilities of collaboration between the Arab and American youth," said KFH-Bahrain general manager Abdulhakeem Alkhayyat.

The seminar aimed to create discussion between KFH-Bahrain and Darden students, to encourage and share a better understanding of day to day application of Islamic finance.

"We hope to achieve even greater co-operation and communication with Darden School of Business and venture on a number of joint programmes that will enhance the role of Islamic banking in different parts of the world," Mr Alkhayyat said.

US delegation leader Professor Sherwoon Frey said we chose Bahrain primarily because we consider it to be the gateway to the region. I am sure that this trip will be a significant learning curve for the students on the economic potential of the region.

"We are grateful to KFH-Bahrain for the opportunity to learn more about Islamic finance and the organisation.

"KFH-Bahrain plays an important role in maintaining the business community's high-quality standards, which serves as the backbone of economic prosperity," he said.

Within the programme, a number of KFH-Bahrain representative presented certain aspects of Islamic finance and investment that were relevant to the visiting delegation. Representatives from the bank included Osama Alkhaja, Mahmood Al Mahmood and Zeeshan Azhar.

As part of their tour, the American visitors toured Durrat Al Bahrain, the largest water front development in Bahrain.