06 June 2012
Al-Tamayuz Center for Banking Studies and Islamic Finance (TCBSIF) recently organized two workshops in Riyadh and Alkhobar centered on the future of Islamic finance in light of the current and future developments.
TCBSIF is an affiliate of Dhahran-based King Fahd University for Petroleum and Minerals (KFUPM).
The workshops focused on the mission of Shariah advisory boards in Islamic financing institutions, legislations and criteria governing Islamic finance and governance of Islamic financing institutions.
The workshops also discussed building and preparing qualified cadres to work and develop this sector and how to make it sustainable and stabilized in compatible with Shariah principles and same time coping with current developments in world business and financial systems.
The experts touched on the requirements of such cadres in terms of training courses or university academic programs at bachelor, master or PhD levels.
Studies and researches in Islamic finance that will cope with the requirements of Islamic finance sector, especially removal of obstacles facing application of Islamic finance and boosting its competitiveness, also figured in the discussion.
Also discussed was the economic development and creation of job opportunities through Islamic finance based on the objectives of Shariah, which stimulates work and realization of social justice keeping balance between rights of individuals and groups.
Experts stressed the importance of removing some shortcomings that have emerged in the Islamic finance institutions and hoped they would help tackle the economic problems among Muslims the world over.
The workshops drew experts from key Islamic financing institutions, banks and insurance companies, in addition to academicians, researchers and media representatives specialized in Islamic finance.
Al-Tamayuz Center for Banking Studies and Islamic Finance (TCBSIF) recently organized two workshops in Riyadh and Alkhobar centered on the future of Islamic finance in light of the current and future developments.
TCBSIF is an affiliate of Dhahran-based King Fahd University for Petroleum and Minerals (KFUPM).
The workshops focused on the mission of Shariah advisory boards in Islamic financing institutions, legislations and criteria governing Islamic finance and governance of Islamic financing institutions.
The workshops also discussed building and preparing qualified cadres to work and develop this sector and how to make it sustainable and stabilized in compatible with Shariah principles and same time coping with current developments in world business and financial systems.
The experts touched on the requirements of such cadres in terms of training courses or university academic programs at bachelor, master or PhD levels.
Studies and researches in Islamic finance that will cope with the requirements of Islamic finance sector, especially removal of obstacles facing application of Islamic finance and boosting its competitiveness, also figured in the discussion.
Also discussed was the economic development and creation of job opportunities through Islamic finance based on the objectives of Shariah, which stimulates work and realization of social justice keeping balance between rights of individuals and groups.
Experts stressed the importance of removing some shortcomings that have emerged in the Islamic finance institutions and hoped they would help tackle the economic problems among Muslims the world over.
The workshops drew experts from key Islamic financing institutions, banks and insurance companies, in addition to academicians, researchers and media representatives specialized in Islamic finance.
© Arab News 2012
