The World Bank and Al Baraka Banking Group have reached an agreement to launch joint programmes under a new Islamic finance initiatives. These initiatives are aimed at fostering sustainable development of Islamic economics and finance, through the design and delivery of activities.
These include identifying and disseminating sound practices in the Islamic financial services industry, including sound practices relating to the regulatory and supervisory environment, institutional infrastructure, corporate governance, business practices, and market development and encouraging research and promoting awareness of appropriate risk management framework for Islamic banks in particular and the Islamic finance industry in general………………………………………..Full Article: Source