The Islamic Development Bank Institute (IsDBI) has concluded a five-day capacity-building programme in Tunis aimed at strengthening risk management in Islamic finance, as Tunisia expands its efforts to build a resilient, Sharia-compliant financial system amid broader economic reforms.
The training, held between 10 and 14 November 2025, brought together staff from some of Tunisia’s most influential financial institutions. It was organised in partnership with the Tunisian Ministry of Economy and Planning following a formal request by the government, signalling a renewed national focus on enhancing governance and risk frameworks in the Islamic financial sector.
Twenty professionals took part in the course, representing institutions central to Tunisia’s economic infrastructure, including the Central Bank of Tunisia, the Ministry of Finance, the Tunisian Solidarity Bank, the Bank for Financing Small and Medium Enterprises, the Tunisian Banking Company, the General Insurance Authority, and the Tunisian Company for Foreign Trade Insurance.
Organisers said the training was designed to help Tunisia strengthen its institutional resilience through advanced knowledge of risk management in Islamic financial institutions, a field receiving increased attention as the country seeks to attract investment and diversify its financial products.
The Islamic Development Bank Institute (IsDBI) is the knowledge beacon of the Islamic Development Bank Group. Guided by the principles of Islamic economics and finance, the IsDB Institute leads the development of innovative knowledge-based solutions to support the sustainable economic advancement of IsDB Member Countries and various Muslim communities worldwide.
Islamic finance has expanded globally over the past decade, with risk management emerging as one of its most critical components.
Unlike conventional systems, Islamic banking prohibits interest and requires financial institutions to use asset-backed or profit-and-loss–sharing contracts, making risk identification and mitigation essential to long-term stability.
The program was delivered by senior professional trainers, Dr. Mohammed Ayyash and Dr. Abozer Mohamed from the IsDBI, and Dr. Abdelkrim Guendouz from the Arab Monetary Fund.
Over the course of 15 sessions, the training covered a wide range of topics including the key features and core principles of Islamic finance, Credit Risks, Market Risks, Liquidity Risks, Operation Risks, Rate of Return Risk and Equity Investment Risks. Participants also engaged in practical discussion and analysis of several business cases.
Government officials say the programme aligns with Tunisia’s broader economic strategy, which includes modernising regulation, strengthening financial governance and increasing competitiveness in a market where Islamic finance is steadily gaining momentum.
At the closing ceremony, Her Excellency Faiza Frad, IsDB Alternate Governor and Director General of Arab and Islamic Cooperation at the Ministry of Economy and Planning, emphasised the importance of building national expertise.
She noted that improving risk management in Islamic finance would support Tunisia’s efforts to attract investment, promote financial inclusion and expand Sharia-compliant products for both individuals and businesses.
Also present was Mr Khalifa Al-Sabbou’i, Chairman and General Manager of the Tunisian Solidarity Bank, who praised the programme for equipping participants with knowledge that will help strengthen institutional integrity and safeguard the stability of Tunisia’s Islamic financial ecosystem.
Tunisia is among several North African nations working to integrate Islamic finance more fully into their economies. Capacity-building programmes like this one, experts say, are essential to ensuring that the sector grows in line with best practices.
As Islamic finance contracts, including murabahah, mudarabah, ijarah and partnership-based instruments become more widely used, risk assessment and mitigation frameworks will play a decisive role in the stability of the sector.
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