The Bahrain Institute of Banking and Finance (BIBF), one of the pioneering entities for training and development, declared the release of Non-Fungible Tokens (NFTs) with an education-centric utilisation case, in a first of its kind initiative around the globe.
This unique stage births from the institute’s belief in the reputation of anticipating the future and augmenting the advantages of advanced technologies in several fields – specifically education – resonating with the government directives and the Bahrain Economic Vision 2030.
The Bahrain Institute of Banking and Finance has unveiled eight remarkable Non Fungible Tokens on Binance. Every exclusive NFT is exhibited after the institute’s iconic digital cube at USD 1,000. The NFT sanctions the foremost owner to do the ADIF distance learning qualification. In addition, all succeeding owners attain a 50% discount on all the Islamic finance pieces of training and courses enabled at the institute.
In this instance, the Bahrain Institute of Banking and Finance Director, Dr Ahmed Al Shaikh, indicated that the NFT reimburses the leadership and excellence of the Kingdom of Bahrain and the entity’s national aptitudes. Furthermore, the endeavour aligns the Bahrain Institute of Banking and Finance as the globe’s first capacity-building institute to explore the NFT space.
Head of Islamic Finance Centre at the Bahrain Institute of Banking and Finance, Mr Mujtaba Khalid, noted that linking NFTs to the oldest Islamic finance professional qualification on the globe resonates with the institute’s belief in promoting technological developments within its programs and offerings. Additionally, the institute strives to enhance other capabilities that it has delivered over the past forty years.
It is worth mentioning that a Non-Fungible Token or an NFT is a non-interchangeable unit of data accumulated on a blockchain. Therefore, this digital ledger system can be sold and traded.
About Bahrain Institute of Banking and Finance
The Bahrain Institute of Banking and Finance plays a crucial role in the training and advancement of human capital in the Kingdom of Bahrain. The institute’s commitment to exceptionalism has augmented its position as the top-notch provider of quality education throughout all major business disciplines. The institute serves as a collaborator to several world-class entities. It delivers leadership, assessment, research & advisory, and training in Accounting & Finance, Executive Development, Academics, Banking, Leadership & Management, Islamic Finance & Information Technology, and Insurance, providing a comprehensive business solution.
The Bahrain Institute of Banking and Finance encompasses a broad spectrum of subject matter, with more than 300 different courses delivered to the corporate and financial market. In addition, the Bahrain Institute of Banking and Finance also facilitates custom-made training solutions based on organisational necessities, dedicated programs taught by critical market specialists, degree programs and professional qualifications in collaboration with major international organisations.
The Bahrain Institute of Banking and Finance strives to break through international thresholds for several qualifications that it offers through its affiliates.
Since its inception in 1981, the Bahrain Institute of Banking and Finance has progressed by training 450 applicants a year, mainly within the banking industry. In addition, it has drawn 20,000 partakers from all sectors of the economy. As a result, the institute is proud to have qualified more than 200,000 learners in the past thirty years.
The institute encompasses market practitioners, qualified senior industry professionals, and academicians. Their versatile backgrounds guarantee an improved participant experience, signalling the perfect balance betwixt practice and theory.
The Bahrain Institute of Banking and Finance has marked its footprint globally with clientele in Africa, Asia, Europe, the United States of America, and the Middle East. The institute is on its way to emerging as an international institute of prioritised choice.