BIBF and IsDBI Launch Islamic Finance Product Development Program

Manama, Bahrain – October 14, 2025 – The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Development Bank Institute (IsDBI) today unveiled their flagship Islamic Finance Product Development (IFPD) Program for 2025, a comprehensive five-day training initiative designed to equip Islamic finance professionals with advanced expertise in crafting innovative, Sharia-compliant financial instruments. Scheduled for March 16-20, 2025, in Manama, Bahrain, the program addresses the sector’s evolving demands, including the integration of fintech, sustainable finance, and regulatory compliance.

Limited to 25 participants to ensure interactive and tailored learning, the IFPD Program is tailored for a strategic audience: product managers, Sharia advisory board members, compliance and risk officers, senior executives, regulators, policymakers, and academics specializing in Islamic finance. By combining rigorous theoretical frameworks with practical methodologies, the initiative aims to foster product innovation that aligns with global standards set by authoritative bodies such as the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Islamic Financial Services Board (IFSB).

” As Islamic finance continues to expand globally, the need for skilled professionals capable of developing ethical and efficient products has never been greater,” stated representatives from BIBF and IsDBI. “This joint program represents a strategic alliance to bridge knowledge gaps, promote cross-border collaboration, and support sustainable economic growth in member countries and beyond.”

The curriculum, delivered primarily in English with supplementary Arabic materials, features a dynamic blend of expert-led lectures, interactive workshops, real-world case studies, and collaborative group exercises. Core modules cover the full product lifecycle—from ideation and Sharia vetting to structuring, risk mitigation, and market launch—with specialized sessions on sukuk issuance, takaful innovations, ESG-aligned financing, and digital asset tokenization under Islamic principles.

Leading the instruction are distinguished faculty members, including Dr. Mohamed Ariff, Senior Research Fellow at IsDBI, and Mr. Ahmed Al-Mansoori, Head of Product Development at BIBF, complemented by guest lecturers from AAOIFI and IFSB. Upon successful completion, participants will receive a prestigious joint certification from BIBF and IsDBI, enhancing their professional credentials in the international Islamic finance ecosystem.

The program will be hosted at BIBF’s cutting-edge training facility in Block 364, Manama, equipped with state-of-the-art audiovisual systems and dedicated learning spaces. While accommodation and travel arrangements are the responsibility of attendees, comprehensive support includes visa assistance for international participants and curated recommendations for nearby hotels.

Tuition is set at BHD 1,200 (approximately USD 3,185), encompassing all instructional materials, daily lunches, refreshments, and certification. To promote accessibility, tiered discounts are offered: a 20% reduction for delegates from Islamic Development Bank member countries; 15% for BIBF alumni or registrations of three or more participants from the same organization; and a 10% early-bird incentive for applications submitted by January 31, 2025. The final registration deadline is February 28, 2025, with full payment required at the time of enrollment.

Interested professionals are encouraged to register promptly through the BIBF website (www.bibf.com) or IsDBI portal (www.isdbinstitute.org). Alternatively, submit a completed application form, curriculum vitae, and proof of payment via email to training@bibf.com or ifpd@isdbi.org. For further inquiries, contact BIBF at +973 1721 2233 or IsDBI at +966 12 636 1400.

This collaboration underscores the enduring partnership between BIBF—a premier regional center of excellence in financial education—and IsDBI, the knowledge-sharing arm of the Islamic Development Bank Group. As demand for specialized Islamic finance training intensifies, the IFPD Program positions itself as an indispensable resource for advancing ethical financial solutions worldwide. With limited seats available, early registration is strongly recommended.