PIB participates in AAOIFI’s seventeenth Islamic Banking and Finance Conference

Palestine Islamic Bank participated in the events of AAOIFI’s seventeenth Islamic Banking and Finance Conference, held over two days in Manama, and tackling “Economy Recovery and Governance during Crises”.

PIB was represented by its General Manager, Dr. Imad Al-Sadi, Dr. Alaa Razia, Director of the Bank’s Sharia Supervisory Board, and Dr. Bassem Badr, Director of the Sharia Audit Department. The conference was also attended by representatives of Islamic banking and financial institutions around the world, representatives of supervisory institutions, and regional and global personalities, namely Dr. Firas Melhem, Governor of the Palestine Monetary Authority.

Al-Sadi stated that the Bank’s participation in this conference reflects its active membership in institutions and bodies concerned with Islamic banking and finance. He noted that the Bank is keen on ensuring its constant contribution to the development of the Islamic financial sector. He also underlined the importance of such conferences in terms of furthering relationships with the representatives of Islamic banks and financial institutions around the world, namely as it would foster expertise exchange, innovating excellent banking products and services, and meeting the expectations of clients and the public.

Al-Sadi added: “This conference is one of the major Islamic finance sector’s events. It unites elite Sharia scholars, policymakers, and decision makers. The conference tackled many urgent topics related to Islamic finance in the world. Speeches and discussion panels examined economic development and the role of Islamic finance and financial technology, among other matters.”

Dr. Alaa Razia noted that the conference is of a major importance for the international Islamic finance sector, especially given the nature of topics explored during the conference’s discussion panels. These panels have set principles that shall contribute to equipping Islamic banks and financial institutions to be better prepared to address consecutive changes over the next few years.

PIB’s mission and vision focus on providing quality and modern Sharia-compliant banking solutions and investing in technology. PIB also has a digital transformation strategy, which led to the launch of pioneering digital services such as the 24-hour digital call center, Islami Online and Islami Mobile services. Such products and services provide a unique package of easy and safe banking services which enhance the digital experience for individual and corporate customers. The bank was recently awarded the 2022 “Best bank for providing Islamic banking services and products in Palestine” award by The Arab Bankers Association and “The Banking Executive” magazine.