The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, held its 29th Board of Directors meeting and its 16th Annual General Meeting (AGM) and Extra Ordinary General Meeting (EGM) on 13th June in Hilton Hotel Jeddah, Kingdom of Saudi Arabia.
The meetings, which were chaired by H.E. Sheikh Saleh A. Kamel, saw the launch of hard copies of CIBAFI’s Activity report for 2015, which underpins CIBAFIs commitment in delivering its Stakeholders’ centric Strategic Plan 2015 – 2018.
The meeting has witnessed the approval of the concept note of the CIBAFI Award, which aims to recognize and showcase institutions that are providing an outstanding example to the industry based on carefully crafted criteria. Governing body of CIBAFI has also been presented with the audited financial statements for year 2015, which was as well approved.