Manama (UNA-OIC) – The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, successfully conducted this afternoon the second series of its online technical workshops for this year.
CIBAFI Technical Workshop on “Maqasid Al-Shariah in Islamic Finance” will run for two days.
Following the successful series of CIBAFI Online Technical Workshop on “Maqasid Al-Shariah in Islamic Finance” in Arabic and English languages in 2020, CIBAFI is committed to meeting the high demand from its French-speaking member stakeholders by delivering this workshop which covers the same agenda in the French language.
During the last decades, Islamic finance has seen rapid growth contributing more significantly to the global financial industry. Islamic finance facilitates and encourages modern financial practices to be in line with Shariah principles and requirements.
In the same context, CIBAFI always seeks to raise awareness about Islamic finance, which considers Maqasid Al-Shariah, one of the essential concepts that play a vital role in strengthening its growth. By the end of the workshop, participants will be equipped with an understanding of the concept, evolution, and importance of Maqasid Al-Shariah in Islamic finance and its classifications. Participants will be engaged in sessions and presentations from the experts and scholars to understand the underlying concept of each objective of Maqasid Al-Shariah.
The workshop witnessed an opening remark from CIBAFI Secretary-General Dr. Abdelilah Belatik, and a special address by Secretary-General of the International Islamic Fiqh Academy (IIFA) Dr. Koutoub Moustapha Sano.
Industry experts facilitated the technical workshop sessions including, Mr. Majed GHARSALLI, Head of Shariah Compliance and Audit, Zitouna Bank, Tunisia; Prof. Louazzani BERDAI, Membre, of Conseil des Oulémas de Fes – Morocco; Mr. Ait Hadadene Djamel, Compliance & Sharia Supervisory Manager, Al Baraka Bank Algeria; Mr. Nasser Hideur, General Manager, Al Salam Bank Algeria; and Dr. Mouhamed Mouhamed Goulam, Sharia Supervisory Officer, Banque Populaire De Mauritanie (BPM).
CIBAFI Technical Workshops are aligned with CIBAFI’s third objective of Training and Professional Empowerment which endeavors to enhance capacity building within the Islamic financial service industry (IFSI). These programs are practical and are targeted to the staff of Islamic banks and Islamic financial institutions, regulators, and practitioners. They aim to engage participants in the discussion on the current environment of the Islamic banking industry.
CIBAFI, as the ‘voice’ of the industry, aims to provide high-level platforms to develop the human capital and bring industry professionals together to encourage dialogue and enhance knowledge sharing on the most relevant matters to the IFSI.