Governance And Its Impact On The Institutional Development of Islamic Banks

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The Yemeni Institute of Directors affiliated with the Yemeni Business Club organized In Sana’a, on Saturday 28 February, a workshop on “Governance and its Impact on the Institutional Development of Islamic Banks” was conducted. The workshop targeted Al-Thiqa Islamic Bank.

The workshop, in which a number of administrative leaders in the Islamic Solidarity Bank participated, aimed at identifying best practices in the governance of banks, the benefits accruing to them, the importance of governance in Islamic banks, the role of the Board of Directors in applying its principles in banks, their requirements, rules and factors contributing to the proper application of the governance system and the legal framework And control of the governance of Islamic banks.

In the workshop, two members of the Board of Directors of the Islamic Solidarity Bank, Mohamed Abdou Said and Dr. Abdo Al-Daqqaf pointed out to the importance of the workshop in defining the concept of governance, its application and its role in the development process .. Noting that the workshop will represent a significant addition for the participants from the concerned departments and raising the level of performance in the bank … stressing that successful institutions depend on good governance and transparency.

For his part, the Institute’s Executive Director, Ahmed Al-Faqih, reviewed the objectives and program of the workshop, which comes within the framework of an integrated program to raise awareness of corporate governance.

He stressed that the symposium aims to involve all those interested in the administrative, accounting and legal field in disseminating the concepts of governance and its applications to ensure the continuity and development of the Yemeni economy..

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