IFIs in close scrutiny at Bahrain seminar - Arab News

Islamic financial institutions (IFIs), especially those competed with their conventional peers and have had an overexposure to the realty sector, were closely scrutinized at a seminar organized by the Bahrain Association of Banks (BAB) recently.

Experts who attended the seminar called upon Islamic banks and financial institutions to implement the code of corporate governance in an effort to raise the bar in ethical standards.

The half-day seminar, entitled "Corporate Governance in Islamic Banking: Improving Performance and Managing Risk," was part of BAB's continuous efforts to hold interactive programs for the banking and finance industry in Bahrain.