Emir of Madinah inaugurates AlBaraka Symposium 44

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Okaz/Saudi Gazette

MADINAH — Emir of Madinah Prince Salman bin Sultan inaugurated AlBaraka Symposium 44 on the feminine campus of Prince Mugrin bin Abdulaziz College in Madinah on Wednesday.

An elite group of specialists and specialists within the fields of economics, finance and funding from inside the Kingdom and overseas are participating within the forty fourth session of the symposium, beneath the theme of “The Maqasid of Shariah: The governing framework of Islamic economics,” organized by AlBaraka Discussion board for Islamic Economic system.

In his opening speech, Sheikh Abdullah bin Saleh Kamel, chairman of the Board of Trustees of the AlBaraka Discussion board for Islamic Economic system, spoke in regards to the AlBaraka Symposium and its historical past since its founding by the eminent Saudi businessman Saleh Kamel about 44 years in the past. “The brand new session of the symposium is available in mild of financial adjustments that require activating the Maqasid facets and contributing to exploring a lot of macroeconomic aims of the Islamic financial system derived from Islamic Shariah. This intersects with the aims of up to date economics represented within the idea of reconstruction, safety, empowerment, steadiness, justice and sustainability,” he stated.

Addressing the session, Dr. Saad Al-Shathri, advisor to the Royal Court docket and member of the Council of Senior Students, stated that this discussion board is without doubt one of the seeds of this profitable state beneath the management of Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed bin Salman. He lauded the efforts of the collaborating researchers with their ideas, opinions and jurisprudential, financial and monetary researches. Dr. Saad additionally highlighted steady efforts in creating this symposium and its earlier conferences, which had an affect on creating monetary merchandise that had been a blessing for the Islamic financial system.

In his speech, President of Prince Mugrin bin Abdulaziz College Dr. Bandar Hajjar reviewed the highlights of the discussion board’s work, which discusses three pivotal points, together with Islamic banks and the non-profit sector, the technology of younger influential buyers within the West and the commonalities with the Islamic financial system and how you can activate it, along with the worldwide monetary crises and dialogue in a vicious circle.

Secretary of the Islamic Analysis Academy at Al-Azhar Al-Sharif Dr. Nazir Ayyad pressured in his speech that the Islamic legislation has all of the substances that allow it to revive a perfect financial system that’s appropriate with the aspirations of people and the pursuits of society.

A video, that includes the progress of the Al Baraka Symposium and its contribution to the event of the Islamic financial scene from each the jurisprudential and technical facets, was screened on the event. It additionally highlighted the profession of Saleh Kamel in supporting the sector of Islamic economics.

On the sidelines of the symposium, the Emir Prince Salman witnessed the signing ceremony of two bilateral memorandums of understanding between the AlBaraka Discussion board for Islamic Economic system and the Saudi Heart for Industrial Arbitration, and the Spiritual Administration of Muslims of the Russian Federation. These aimed to contribute to implementing the aims of the discussion board to realize management in selling Islamic financial thought and creating it in its complete sense, and exchanging expertise, data, and making a protected atmosphere that draws native and overseas funding. That is along with creating prospects for cooperation and organizing joint worldwide and native occasions and conferences, apart from exchanging experiences and publications, disseminating the Islamic financial system and creating its purposes.

It’s noteworthy that AlBaraka Discussion board for Islamic Economic system is an impartial, non-profit, international assume tank, specialised in Islamic financial system in its holistic sense

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