Kuwait Finance House - Bahrain (KFH-Bahrain) announced its Gold sponsorship of the Annual Shari'a Conference, which is currently taking place between 7th and 8th of May 2012 at the Diplomat Hotel, Manama, Kingdom of Bahrain. The Conference is held under the auspices of Central Bank of Bahrain and organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the international organisation that formulates standards on accounting, auditing, ethics, governance, and Shari'a for the international Islamic finance industry. Mr. Abdulhakeem Alkhayyat, Managing Director and CEO of KFH-Bahrain, commented, "KFH-Bahrain recognizes the importance of such conferences that aim to enrich the field of Islamic banking through the discussion of topics related to the business. This year's conference provided an essential forum to meet and discuss various key issues among participants and specialists from Islamic banks and financial institutions." "The AAOIFI continues to lead the way by gathering the major financial institutions together and set new standards and ethical codes for Islamic Financial Institutions. The valuable discussions held during the sessions will help steer the Islamic finance industry towards growth and this influence will be felt worldwide as the concept of ethical banking continues to develop and expand, especially in the wake of the recent global financial crisis", he added. Mr. Alkhayyat concluded his statement by stressing on the importance of hosting such an international major gathering in the Kingdom of Bahrain during these times. Amongst the topics discussed at the conference were: Shari'a compliance & supervision processes, Continuing development of Islamic financial & capital markets, legal Issues in Islamic finance, potential areas for further growth of Islamic finance, and human capital and resources in Islamic finance. About Kuwait Finance House, Bahrain Kuwait Finance House-Bahrain is a leading provider of Islamic commercial and investment banking services. Established in 2002 as a wholly owned subsidiary of Kuwait Finance House (Kuwait) - an industry leader for more than 30 years - KFH-Bahrain specializes in developing and bringing to market the highest quality Islamic compliant banking and investment products, all of which are delivered by a staff of experienced and dedicated professionals with a deep understanding of the market and the clients we serve.