Within the framework of strengthening bonds of professional co-operation among IICRA and its local, regional and International partners, with the aim of disseminating the culture of Arbitration, especially the institutional one to better serve the Islamic Economy, IICRA received dated 9^th of December 2019, at its headquarter, in Dubai, United Arab Emirates (UAE), a high-ranking delegation from the Palestinian Banking Institute represented by Dr. Iyad Al-Jayousi, Director General of the Palestinian Banking Institute and Mrs. Badia Dhaifallah, Public Relations Officer at the Institute.

IICRA welcomed its distinguished guests and played before them its introductory video and introduced to them its services supporting the Islamic Financial Industry. The parties further discussed about finding the means and ways of benefitting these services to sustain the Palestinian economy in general and the Islamic one in particular, as the latter has witnessed a remarkable development and expansion according to the latest statistics of the Palestinian Monetary Authority (PMA), and likewise they have also discussed the means of joint cooperation and coordination to provide and conduct the training courses such as certified Islamic Arbitrator and Expert (CIAE) that IICRA in the frame of its plans provides  in order to make the generation of competent Arbitrators more qualified for settling the financial disputes in accordance with the provisions of Islamic Shari’ah.

Accordingly, the two sides have agreed on the terms of the Memorandum of Understanding (MoU), for framing the means of cooperation and meeting the desired common goals, whereas on the part of IICRA, the memorandum was signed by His Excellency Mr. Rami Suleiman in his capacity as the Chief Executive Officer and by Dr. Iyad Al-Jayousi on the part of the institute.  In this regard, Legal adviser Mr. Rami Sulaiman stressed that IICRA will continue its plans to consolidate the cooperation with actors in an endeavor to spread the culture of Islamic Arbitration and  IICRA’s role as one of the most important infrastructure institutions for the Islamic financial industry and its legal arm.

For his part, Dr. Jayousi assured that signing this agreement is a true translation of what we seek at the Institute to benefit from the International expertise in refining and making the Palestinian banking professional staff more competent and qualified whose responsibilities are simultaneously increasing with the development of the Palestinian banking sector despite all challenges, as the number of banking institutions operating in Palestine has reached, three (3) of which are operating in accordance with the provisions of  Islamic Shari’ah.