11 April 2017
The Islamic finance industry is in watchful anticipation of the forthcoming convention of a major international conference on Shari’ah, governance and related areas, which will be organized by Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) on Wednesday and Thursday, 12-13 April 2017, at Diplomat Hotel, Manama, Kingdom of Bahrain.
The conference consists of eight sessions featuring 40 scholars and experts from 16 countries, from around the globe, including GCC region, Egypt, Sudan, Jordan, Syria, Morocco, Tunisia, Algeria, Pakistan, Canada, United States, among others.
The conference will also be attended by a host of Islamic finance leaders including prominent scholars, Fuqaha, bankers, experts, lawyers, accounting professionals, senior managements of central banks and regulatory and supervisory authorities, academicians, and media people, etc. It will also feature attendance by a number of ministers, ambassadors, CEOs of Islamic financial institutions and research and training centers and consultancies and representatives of international and regional organizations.
A number of Fiqhi, legal, and governance-related topics will be discussed at this year’s conference by a host of distinguished professionals with vast knowledge and expertise relating to these topics, both from theoretical and practical perspectives, including regulatory and supervisory framework for the Islamic finance industry and its distinctive features vis-à-vis its conventional counterpart, Fiqhi and legal identification of agreements, contracts, MOUs, promises, mutual promises, and commitments across various legal regimes and schools of law, and from Shari’ah perspective, in addition to specific topics on Shari’ah objectives (Maqasid) and their role in contemporary reasoning (Ijtihad) in the area of jurisprudence of financial transactions. The conference will also hold discussions on dialectic aspects in the relationship between Fiqh and other mundane disciplines such as law, accounting, economics, and finance, and the effects thereof on collective reasoning in the field of contemporary jurisprudence of transactions. The sessions will also tackle latest developments in the area of re-financing products in banking, including an analytical Fiqhi view on their types and newly emerging issues, as well a discussion on a key development in the area of Islamic finance governance exemplified in external Shari’ah audit and the main global best practices in this discipline, in addition to its evaluation and prospects of the relevant AAOIFI’s governance standard in this regard. Last but not least, the conference will turn the spotlight on the applicability of collective reasoning on newly emerging issues within the Islamic finance industry, as tackled with approaches ranging between audacity and rigidity, and modern applications.
The opening ceremony will feature the launch of landmark initiatives already announced by AAOIFI, including rolling out of the official printed version of AAOIFI’s Shari’ah standards in French and Russian, as well as the new version of CIPA professional fellowship program, where conference participants will be able to comprehensively cognize of and register in. The distinctive new curriculum, both in form and substance, will be also available for sale at the event. The curriculum comprises almost 1200 pages in 4 large-size volumes, making this specialized study material the first of its kind in its own field.
Moreover, at the opening ceremony, AAOIFI will announce and introduce a milestone initiative with a global reach and implication that is expected to serve the broader Waqf industry, worldwide.
Download the conference agenda here: https://goo.gl/nferd7
A brief information about the Accounting and Auditing Organization for Islamic Financial Institutions ("AAOIFI")
AAOIFI, established in 1991 and based in Bahrain, is the leading international not-for-profit organisation primarily responsible for development and issuance of standards for the global Islamic finance industry. It has issued a total of 98 standards in the areas of Shari’ah, accounting, auditing, ethics and governance for international Islamic finance. It is supported by over 200 institutional members, including central banks and regulatory authorities, financial institutions, accounting and auditing firms, and legal firms, from over 45 countries. Its standards are currently followed by all the leading Islamic financial institutions across the world and have introduced a progressive degree of harmonisation of international Islamic finance practices.
For more information, please contact:
Mr. Mohamad H Khaled, Head of Marketing and Public Relations, AAOIFI.
Office Tel: +973 17375404
Mobile: +973 - 34,206,816
© Press Release 2017