In efforts to understand and introduce Shariah compliant financial system in South Korea, Korea Federation of Banks (DFB) implemented a training programme on Islamic finance in collaboration with the Qatar Central Bank (QCB) recently, according to a press statement issued by the Embassy of the Republic of Korea.
The training, for the first time in Qatar, was part of an agreement signed between the Middle East-Korea Financial Cooperation and QCB in January.
The agreement said that QCB would provide training on Islamic finance to Korean bank officials.
The training was held here between June 2 and June 6 which was attended by over 10 executives from six different organizations including KFB.
During the course, the trainees took a deeper look at Islamic financial industry in the Middle East including Qatar, licensing systems, main principles of Islamic finance, basic contracts and case studies on Islamic financial products.
The trainees had a deeper look at the financial industry in the Middle East, including Qatar, licensing systems, main principles of Islamic finance, basic contracts and case studies on Islamic financial products.
They visited Qatar Islamic Bank, Qatar Financial Centre, Qatar Islamic Insurance Company, Barwa Bank, Masraf Al Rayan and others.
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