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Khaleeji Commercial Bank (KHCB)_has announced its sponsorship of the Waqf Fund, which was established by the Central Bank of Bahrain (CBB) to finance research, education, and training in Islamic finance.
KHCB will be joining 14 existing members in contributing to the liquidity of the Fund.
To date, total contributions to the fund are at approximately $6.2 million.
KHCB_board member Ebrahim H Ebrahim said: "The bank is always interested in supporting such important initiatives and projects which support Islamic banking and push ahead the role of Islamic banks locally, regionally and globally."
He also added, "KHCB has decided to support the Waqf Fund for research due to its important objectives that are not limited to Islamic finance. The fund will make available, through effective training initiatives for Islamic banks' staff, qualified human resources in the market in the years to come, which will massively contribute to the development of the Islamic banking sector in the kingdom."
