Al Baraka will hold the symposium in Jeddah on 25-26 July (6-7 Ramadan 1433H) under the chairmanship of Sheikh Saleh Abdullah Kamel, Chairman of Al Baraka Banking Group.
Among the topics under focus in this year’s symposium:
Managing of fluctuations in exchange rates and dealing during the banking time limits
Commissions and fees of:
Letters of guarantee and documentary credits.
Interest -free finance (Al Qard Al-Hassan)
Endowment of Money, shares and Stocks
Issues on Zakat:
Use of Zakat funds in microfinance
Use of Zakat funds to provide guarantees to the underprivileged.
Contemporary applications in Zakat debtors share, and its usage to establish insurance funds for the benefit of Zakat givers.
The objectives of Al Baraka symposium are:
Knowledge of Fiqh opinion with regard to recent and modern economic and financial transactions
Presentation of problems faced by Islamic banks while applying different modes of Islamic finance and exchange views with scholars to solve them.
Linking Fiqh to our modern economic issues and supporting the Islamic Economic theory to enable it confront other theories.
Enrichment of banking Fiqh and the Islamic Economic library with profound discussions and new Fatwas issued by renowned Muslim scholars.
Fulfilment of the need of those concerned with Islamic banking Fiqh all over the world.
Fulfilment of the requirements of ABG units and the Islamic Financial institutions in the field of Islamic banking theory and its applications.
Linking the financial transactions of Fiqh with the principles of economics
Provision of scientific reference for research, Shari’ah committees, and Shari’ah Fatwas within the framework of Islamic banking.
Development of Islamic financial instruments which conform to technical and Shari’ah standards.
Resolutions and recommendations issued by Al Baraka Symposium for Islamic Economics have come to represent a reference, and database for research and Fatwas of Shari’ah boards of banks, financial institutions, Fiqh academies, and different organisations and agencies around the globe. For more information on Al Baraka 33th Symposium on Islamic Economics, email [email protected]
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