CIBAFI Submitted Comments to the Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI)
September 2018.
Manama, Kingdom of Bahrain, Abidjan, Côte d’Ivoire | The General Council for Islamic Banks and Financial Institutions (CIBAFI), the umbrella of Islamic financial institutions and Centre Africain d'Etudes Supérieures en Gestion (CESAG) of the Central Bank of West African Economic and Monetary Union (BCEAO), launched this morning the second session of Certified Islamic Banker programme for the period from 3 – 8 September 2018 in Abidjan, Côte d’Ivoire.
The Certified Islamic Banker (CIB) Programme is delivered in French language and aims to enhance Islamic finance and banking sector staff’s skills and competencies.
This CIB programme is one of the high demanded certificates among other professional development certificates in the islamic finance industry, as it provides the participants with solid concepts in the Islamic finance and enhances their career development, as well as the possibility of future specialization in different banking fields.  CIB is not only necessary for those who are working in the Islamic finance industry; it is rather needed by all those who are dealing with Islamic financial institutions, university graduates, those who are wishing to pursue a career in Islamic financial institutions and new entrants.
The programme also serves as a defining criterion for every Islamic finance organization. The number of staff’s certificate holders reflects the overall quality of organization’s staff and informs the level of their qualifications and professional commitment to Islamic banking.
The CIB is launched in this part of the world at a time when the BCEAO, the common central bank of the 8 countries of the West African Economic and Monetary Union (WAEMU), has begun the release of the first instructions for the regulation of Islamic finance operations in the WAEMU countries. This builds the foundation for interesting development prospects for this innovative finance in these countries, for the years to come.
Commenting on the programme, Mr. Abdelilah Belatik, CIBAFI Secretary General said: “It is our pleasure to be working again with CESAG to bring this second series of the CIBAFI CIB programme this time in Abidjan, Cote d'Ivoire, following the positive and high demand we received after a successful programme in Senegal. It is our mission to support the Islamic financial services industry globally, and especially in the frontier markets that need special attention from the more advanced markets.”
In his opening remarks, Dr. Abdoul Karim DIAW, the manager of CESAG Islamic Finance Programs has magnified the growing interest that Institutions offering Islamic Financial Services (ISFI), in the French speaking West African region have towards the CIB. He announced the organization of other certificates, besides the CIB, in the upcoming months. The Abidjan session of the CIB received a number of  participants, consisting mainly of directors and heads of branches in the ISFIs of 5 countries (Benin, Burkina Faso, Ivory Coast, Guinea Conakry and Mali).
The initiative is aligned with CIBAFI’s fourth Strategic Objective of Professional Development, and in particular CIBAFI’s endeavor to enhance capacity building in the Islamic Financial Services Industry (IFSI). CIBAFI, as the ‘voice’ of the industry, aims to provide platforms such as these to develop human capital and bring industry professionals together to encourage dialogue and enhance knowledge sharing on more relevant matters of the Islamic Financial Service Industry.
About the General Council for Islamic Banks and Financial Institutions (CIBAFI)
CIBAFI is an international organization established in 2001 and Headquartered in the Kingdom of Bahrain. CIBAFI is affiliated with the Organization of Islamic Cooperation (OIC). CIBAFI represents the Islamic financial services industry globally, defending and promoting its role, consolidating co-operation among its members, and with other institutions with similar interests and objectives. With over 125 members from 33 jurisdictions, representing market players, international intergovernmental organizations and professional firms, and industry associations.
For more information about CIBAFI, please visit
Tel: +973 17357300 Email:

About Centre Africain d’Etudes Supérieures en Gestion (CESAG)
CESAG is an international public institution specializing in training, consulting and management research. Created in 1985, it has quickly become one of the best Business schools in Africa, and is now a real alternative to the great business schools of the North. Since 1995 CESAG has been placed under the authority of the common central bank of the West African States.
In January 2016, CESAG and the Islamic Corporation for Private Sector Development (ICD) signed a Convention, to set up the West African Islamic Finance Academy (WAEMU). The main activities of WAEMU are: i) training (MBA, certificates, seminars); ii) research; and iii) the advisory.
In October 2017, the first batch of the MBA in Islamic finance was launched with thirty students from six (6) countries (Benin, Burkina Faso, Ivory Coast, Mali, Niger, Senegal).
For more information on CESAG, please visit:
Tel: +221 33 839 73 60 Email: