Key Islamic finance issues to be probed
MANAMA: Al Baraka Banking Group will hold a key symposium on Islamic finance issues.The annual Symposium for Islamic Economy will be held on July 25 and 26 at the Hilton Hotel, Jeddah. It will examine a number of financial transactions and other economic issues from an Islamic perspective and will be led by group chairman Shaikh Saleh Abdullah Kamel. Al Baraka Banking Group organises this symposium each year with the broad participation of leading scholars and experts in Islamic economics.
It is expected that more than 1,000 officials from central banks of Islamic states, chief executives and general managers of banks and Islamic financial institutions will attend.
The opening session of the symposium will be addressed by Shaikh Saleh, Group president and chief executive Adnan Ahmed Yousif and unified Sharia Supervisory board president Dr Abdul Sattar Abu Guddah.
Mr Yousif announced the launch of the Al Baraka prize in Islamic economics, which will be awarded at the event.
The bank will award the first prize for this year to one of the leading figures in Islamic jurisprudence for clear and distinct efforts in the development of Islamic banking.
Mr Yousif said that the symposium managed through its successive sessions since its inception in 1983 to issue many of the recommendations and fatwa on emerging financial transactions and economic issues that were needed to consolidate and issue legitimate judgments on them. n Mr Yousif
