GBCORP backs fund

MANAMA: Global Banking Corporation (GBCORP) has become a key contributor to Bahrain's Waqf Fund for research, education and training in Islamic Finance.

Established by the Central Bank of Bahrain (CBB) and other Islamic financial institutions the fund's capital was $5.8 million at the end of first quarter.

The Waqf Fund focuses on research and publishes studies and surveys in Islamic finance industry.

As part of this initiative the Waqf Fund strives to promote educational opportunities through specialist training workshops as well as organising discussions and debates on the industry and Sharia-compliant investments.

"Corporate social responsibility is a key aspect of the bank's way forward strategy and is evident in the way we operate," said GBCORP head of compliance Khalid Al Jaber.

"Our support of the Waqf Fund is indicative of our commitment in preparing finance professionals for the fast-growing Islamic financial services industry and the growth of Islamic finance in general.

"The fund is a major milestone for the Islamic finance industry and its development, therefore we are proud to become partners in this great initiative to raise training and education standards across our industry."

As a fast-growing Islamic investment bank, GBCORP's aim is to provide its clients with global Sharia-compliant investment opportunities that conform to their personal values whilst offering value added professional and personalised service.