The Waqf Fund
The Waqf Fund was established in November 2006 under the auspices of the Central Bank of Bahrain (CBB) in partnership with Islamic Financial Institutions (IFIs) in Bahrain. Among the founding IFIs were Arcapita Bank, Bahrain Islamic Bank, Kuwait Finance House (Bahrain), AlBaraka Banking Group, Unicorn Investment Bank, ABC Islamic Bank, Shamil Bank (now Ithmaar Bank) and Gulf Finance House. The member institutions made one-time contributions to the Waqf Fund's corpus which is invested in Islamic money market instruments and the return is used to finance the Fund's initiatives. These initiatives are executed through partner organisations.

EDB Brings in BD 106 Million of Investments in 2016 - More than 1,600 jobs to be generated over the next three years
February 2017.
Manama, 15 February 2017: In 2016, 40 new companies invested a total of BD106 million in Bahrain, as a result of the efforts by the Bahrain Economic Development Board (EDB). These new companies are expected to generate a total of 1,647 jobs opportunities over the next three years.
The companies represent regional and international organisations, including companies from India, China, the United States, and Germany among others. 17 companies specialise in manufacturing and logistics, 7 in financial services, 7 in leisure and tourism, 7 in professional services and 2 in information and communication technology.
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AlHuda (CIBE) vows to initiate an African & Central Asian Roadshow on Islamic Banking & Finance
February 2017.
(Dubai): Al-Huda Centre of Islamic Banking and Economics (CIBE) is committed to hold an African & Central Asia Roadshow on Islamic Banking and Finance starting from Tanzania on March, 2017 with a mega event called 4th African Islamic Finance summit, followed by an African Takaful forum in Nigeria and specialized training program in Kazakhstan in April,2017. The series of these events will cover 8 African and 5 Central Asian countries i.e. Tanzania, Nigeria, Uganda, Mauritius, Cameroon, South Africa, Kenya and Morocco and on the other hand Kazakhstan, Tajikistan, Uzbekistan, Kyrgyzstan and Azerbaijan respectively.
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Centre of Islamic Banking & Economics
With support from the private sector 12th Spring of Culture launched at a press conference in Qala’at Al-Bahrain Museum
February 2017  
The Bahrain Authority for Culture and Antiquities and the Economic Development Board held a press conference today (Wednesday, February 15, 2017) to officially launch the 12th edition of the Spring of Culture. A number of private sector organizations and foreign embassies are supporting and participating in this annual event, which will run for two months from February to April 2017.
The festival comes as part of the Bahrain Authority for Culture and Antiquities’ year-long celebration of the archaeological heritage of the Kingdom of Bahrain for the year 2017 held under the slogan "Our Year of Archaeology”. Adopted when Manama was the Capital of Arab Tourism back in 2013, the starting date of the festival coincides with the occasion of Arab Tourism Day on February 25, which commemorates the anniversary of the birth of the famous Arab traveler Ibn Battuta.
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Italy's Islamic Bond: NCTM Seeks to Open a Window of Opportunities for Italian Sme's
March 2016.
Italy's Islamic Bond: Nctm seeks to open a window of opportunities for Italian SME's
As Italy’s demand for mini - bonds grows, Nctm Studio Legale (Nctm), the country's leading law firm, has hi red industry experts Shariyah Review Bureau (SRB) to help it structure an Islamic Bond. Under the agreement, SRB, a global Sharia Advisory company, will collaborate with Nctm to help structure and certify the mini- bonds in light of Sharia guidelines.
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AAOIFI 15th Annual Shari’ah Conference set to be held on 12 and 13 April 2017
February 2017.
Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will hold, under the auspices of the Central Bank of Bahrain, the 15th edition of its Annual Shari’ah Conference on 9 – 10 Rajab 1438 H corresponding to 12 and 13 April 2017 in Diplomat Hotel Manama, Kingdom of Bahrain.
This conference is considered one of the most important event to discuss Shari’ah aspects related to the Islamic financial industry, including application of Shari’ah to international Islamic finance products, services and practices as well as continuing innovation of Islamic finance to support further growth and expansion of the industry across the world and maintaining its authentcity and Shari’ah compliance, which will be held in 7 sessions.
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