CIBAFI inaugurates first series of its Online Technical Workshop for 2021

CIBAFI inaugurates first series of its Online Technical Workshop for 2021

The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, successfully kicked-off the first online Technical Workshop of 2021. The online technical workshop on "Stress Testing for Islamic Financial Institutions (IFIs)“ will run for two days and will be delivered in Arabic language.



Stress testing is an important practice to determine the ability of a given financial instrument or financial institution to deal with crises. The process involves probing situations that reveal how the institutions would respond in a series of worst-case scenarios. CIBAFI Technical Workshop seeks to enhance the participants' understanding of stress testing and guide them in the practical application of issues addressed in the stress test standards. It also aims to discuss how the existing stress-testing methodology would help institutions prepare for the wide range of potential financial shocks that could be triggered by climate-related factors.



During the workshop, the participants will get in depth understanding of stress scenarios and how banks integrate stress testing in their business using a wide range of case studies and exercises. The sessions will be facilitated by experts in the industry including Mr. Hussain Abdulhaq, Head of Treasury & Capital Markets, Al Salam