TKBB and BIBF Memorandum of Understanding (MoU) Signed
The Participation Banks Association of Turkey (TKBB) and Bahrain Institute of Banking and Finance (BIBF) signed a memorandum of understanding (MoU) to organize training programs on participation banking. Bahrain Institute of Banking & Finance (BIBF) will organize various training programs for the employees of the participation banks within the scope of the 3-year MoU signed between the Participation Banks Association of Turkey (TKBB) and BIBF, both operating in the banking and finance sector.
As the main representative of the participation finance sector in Turkey, joint activities are conducted with the public, regulatory bodies, and other shareholders to increase awareness of the sector's contributions to the national economy.
Participation Banks Association of Turkey (TKBB) is a professional public institution established in 2001 with a mandate to represent the participation banking sector both nationally and internationally, support the development of participation banking in Turkey, contribute to the efforts of raising the sector’s market share, develop professional principles and standards, and protect the rights and interests of participation banks. Based in Istanbul and established in accordance with the Banking Act, the TKBB has six participation bank members as of March 2021.
Founded in 1981 under the Central Bank of Bahrain and providing training to more than 340,000 people in 63 countries, BIBF contributes to human resource competence development and training. It provides training on many subjects from Accounting and Finance, Manager Development, Banking, Insurance, Islamic Finance to Information Technologies. It has made a name for itself as an internationally preferred institute with many trainings it has organized for institutions located in Asia, Africa, Europe, the USA, and the Middle East.