"Governance in the banking system is not only necessary; it rather constitutes a platform and a method that must be adhered to so as to clear responsibilities as much as possible and create a sense of trust and tranquility for others, especially those who deal with the bank. This would serve as a means to allow the stakeholders previously referred to, each according to their role and importance, the opportunity to thwart any tendency towards malpractice.

To ensure adherence to the principles of governance and all its requirements the function of compliance has been developed within banks. Equally, a new department, independent from the risk management department, has been established recently with a core mission to monitor the bank's compliance with the various laws governing its work and activities, such as the banking law, the trade law and the law of joint stock companies. In addition, the new department monitors the bank's abiding by the instructions of the central bank and any other matters that may contribute to improving its classification and bolstering the confidence of all parties in it. This work must be of the utmost importance given the risks the bank may be exposed to in case of non-compliance. "


General Council for Islamic Banks and Financial Institutions (CIBAFI - BAHRAIN) The General Council for Islamic Banks And Financial Institution (CIBAFI) is one of the 4 "I's" International Islamic Infrastructure Institutions. It is a non-profit organization and it was established and hosted in the Kingdom of Bahrain pursuant to an Amiri Decree No. 23 issued on May 16, 2001.


  • MBA Finance holders
  • B.Com Graduate and M.Com
  • Minimum 15 years of education
  • Any education certificate related to accounting, auditing or finance.


  • Compliance
  • Shariah Supervision
  • Risk
  • Finance and Investment
  • Internal Audit
  • Legal Affairs
  • Other related departments


  • Corporate governance in Islamic banks
  • The Situation of governance in Islamic banks
  • Elements of the environment supportive of corporate governance in Islamic banks and financial institutions
  • International and Islamic standards of governance
  • Compliance in Islamic banks
  • Compliance in Islamic banking operations

Located in the heart of Dubai United Arab Emirates, Deira. Arab Institute for Accountants & Legal or more popular with the name "AIAL" is recognized as one of Middle East leading teaching institutions.

AIAL President founded the Institute "to provide a trustworthy professional training."

AIAL had been founded at the hands of its promoter whose experience exceeds three decades 30 years, it remains dedicated to finding solutions to the great challenges of the day and to preparing its participants for a better career in today's world.

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