Manama, Feb. 15 -- The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, has signed Technical Assistance agreements with the Islamic Development Bank (IsDB) to enhance CIBAFI's role in promoting sustainability and advocating Islamic finance.

The agreements will support in the development of the global Islamic finance industry through the organisation of Islamic finance capacity building activities, development of Islamic finance industry policy recommendations, and publications on various topics like sustainability, Islamic banking preparedness to pandemics, blockchain momentum, and Shariah-compliant products development.

IsDB, a permanent member of the Board of D...