Uni Sets Up New CIBFM Building
By Dewi Mohd Sofri

Bandar Seri Begawan - Universiti Brunei Darussalam's Centre for Islamic Banking, Finance and Management (CIBFM) has a steadfast commitment to the development of human resources in the area of Islamic banking and financial sector of the country. It is an important element in supporting Brunei Darussalam's vision of becoming an Islamic financial hub in the region and beyond.

After the introduction of a minor programme on Islamic banking and finance in 2001, UBD took a step forward by offering a Masters programme in 2006. The CIBFM was officially established in March 2006 with a temporary office in the Chancellor Hall building. There are six students in the Islamic Banking Finance and Management programme at present.

The centre has also compiled a training directory which offers premier training courses for local and foreign banking and business industry and is currently developing its own website.

Together with Brunei International Financial Centre, Ministry of Finance, the centre is also formulating training courses for upgrading the financial skills and knowledge of the country's own financial practitioners. It is also in the process of forming core partnership with other renowned international Islamic banking and finance institutions as well as other conventional institutions.

Yesterday, a foundation laying ceremony was held for the centre's new building which is located in the vicinity of the UBD's campus.

The drafting, planning and financing of the CIBFM building is collaboration between the university and Ministry of Finance (MOF) together with the Islamic Development Board Jeddah, with assistance from the Public Works Department and Attorney's General Chambers. It is expected to be completed in 2008.

The ceremony was led by Pehin Orang Kaya Seri Lela Dato Seri Setia Hj Abdul Rahman Dato Setia Hj Mohamed Taib, the Minister of Education who is also the Chairman of UBD's council. Also in attendance was the Minister of Development, Pehin Orang Kaya Hamzah Pahlawan Dato Seri Setia Hj Abdullah Begawan Mudim Dato Paduka Hj Bakar.

The centre shares the vision of the university's former vice-chancellor, the late Professor Dato Hj Mahmud Saedon Hj Othman, who also believed that such an institution would contribute significantly to the development of banking and finance in Brunei. -- Courtesy of The Brunei Times

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