The financial crisis, which was the backdrop of the discussions, and the need to revisit risk management practices were underscored in the opening addresses. The crisis, at its core, demonstrates the dangers of “group think” and over-optimism in clouding corporate decision-making and risk reigning. Before the crisis, it was viewed as risky not to been seen participating in this market. There was an assumption that house prices would increase indefinitely and the credit risks were all mitigated. In this regard, risk managers and board members of risk committees would have better served institutions as contrarians in their assessment approach.


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.


  • Bank Accountants
  • Islamic financial institutions
  • People responsible for review , audit, finance and investment
  • Managers and financial supervisors
  • Heads of accounts
  • Specialists, and all those interested in the field of accounting in the banking industry.


  • Islamic view of risks
  • Risks in practice
  • Cost plus transactions
  • Profit sharing transactions
  • Forward transactions
  • Leasing transactions
  • Conclusion

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.

See all Arab Institute for Accountants & Legal courses

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