Warba Bank announced its sponsorship of the 8th edition of Al Shura Fiqh conference to be organized by Al Shura for Shariah Consulting company in Kuwait over three days from 7 to 10 December at the Four Seasons hotel.
On December 07, the conference session will discuss the “Forensic Audit on Sukuk” from different angels including how to evaluate the sukuk as a stable income tool in capital markets, principles and shariah regulations for sukuk issuance (structure, leasing or wakalah), in addition to discussing the process of sukuk issuance and its different phases.
The second session on December 10 will elaborate on “Innovative Formulas in Waqif” whether it’s related to systems, regulations or managerial organization while providing examples around Waqif starting from the beginning of the Islamic culture and up to date.
Speaking about the Bank’s sponsorship and participation at the conference, Issa Jassem Al Qasar/ Acting Executive Manager of Internal Shariah Audit at Warba Bank said: “ This conference is an important event on regional level in light of the important topics it flags for the benefit of the Islamic finance industry to boost its position in the international economy, according to its clear preserved infrastructure throughout the years. Participating at this event, reflects Warba Bank vision for the sector as being a crucial asset in its business model and play a key role in deploying developmental operations for the Bank leading it towards more successes”.
Al Qassar added that the topics discussed this year fall in line with the vision and interests of Warba Bank in particular those related to Sukuk topic in which the Banks has proven a great success through several issuance deals it presided and found impressive responses such as the Dubai Islamic Bank Sukuk issuance which witnessed a tremendous demand exceeding expectations.
Al Qassar ended pointing out to the commitment of Warba Bank to be present at this type of conferences as advised by its strategy, to support and reinforce activities on local, regional and international levels, those that would effectively participate in developing the Islamic financial industry.
It’s noteworthy that the conference is one of the most important conferences related to Islamic economy, gathering under one roof an array of elite executives of specialists in this sector.
© Press Release 2019