The Islamic Development Bank Institute (IsDBI) has concluded a three-day training programme for the staff of the IsDB Governor’s Office at the Federal Ministry of Finance, Nigeria to equip the participants with thorough understanding of key Islamic finance principles and applications.
The training programme, which held from October 28-30, was designed to enhance the capacity of officials to effectively engage with Islamic financial institutions and promote the growth of the non-interest-based finance industry in the country.
A news report from African Press Organisation (APO) group circulated on behalf of the IsDBI on the capacity building initiative indicated that experts from the Institute, with support from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), delivered insightful sessions on a range of topics.
The topics comprised Islamic Banking: Exploring the fundamentals of Islamic banking operations, risk management, and regulatory frameworks; Islamic Capital Markets: Delving into the intricacies of Islamic capital market instruments, Sukuk issuance, and investment strategies; and Islamic Insurance (Takaful): Understanding the principles of risk sharing and mutual cooperation in Islamic insurance.
Others are Islamic Social Finance: Examining the role of Islamic finance in addressing social and economic challenges, particularly in areas such as poverty alleviation and sustainable development; and Islamic Finance and SDGs: Exploring the potential of Islamic finance in contributing to the achievement of the Sustainable Development Goals (SDGs) and promoting sustainable development.
The training programme was developed in coordination with the IsDB Regional Hub in Abuja, to empower the staff of the IsDB Governor’s Office at the Federal Ministry of Finance to make informed decisions, develop innovative non-interest-based finance solutions, and drive the country’s economic growth.
