Taqi Usmani, Rodney Wilson share IDB prize

Updated 09 May 2014
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Taqi Usmani, Rodney Wilson share IDB prize

The Islamic Development Bank has announced Shaikh Muhammad Taqi Usmani from Pakistan and professor Rodney Wilson from the United Kingdom as the joint winners of the 2014 International Development Bank (IDB) prize in Islamic banking and finance.
The award comes in recognition of the professional and academic role they have played in advancing Islamic finance and banking regionally and globally.
The prize will be awarded to the winners during the upcoming 39th annual meeting of the IDB's board of governors slated for June 22 to 26 in Jeddah.
Ahmad Mohamed Ali, president of the IDB, congratulated the laureates on their accomplishments and commended them for their valuable contribution to the development of the Islamic financial services industry.
The IDB prize selection committee, comprising eminent scholars and experts from outside and inside the bank, unanimously decided to award the prize to Usmani and Wilson during a meeting held at the IDB headquarters on April 10 in Jeddah.
The selection committee conferred the prize on Usmani “in recognition of the significant work he has undertaken for the implementation of Islamic finance.”
Usmani had also taken part in an important ruling on usury during his career as a judge in the Shari’ah Appellate Tribunal of Pakistan, in addition to manifesting a global leadership role as an Islamic jurisprudence scholar, advising and supervising Islamic financial institutions in the Islamic world, Europe and the United States.
Usmani was also chairman of the Shari’ah Standard Council at the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
The statement took note of “the impact of Usmani’s writings in encouraging many to understand how to implement usury-free lives and his instrumental role in introducing Islamic finance within the curriculum of traditional religious institutions.”
The selection committee recognized the role Wilson has played in the promotion of Islamic finance and in introducing modern management teaching techniques to Islamic finance, which have provided a neutral and objective perspective.
“His sustained and continuous teaching, research, supervision and consultancy works on Islamic finance, including with the IFSB (Islamic Financial Services Board), is to be lauded,” they said.
“His immense role in mainstreaming Islamic finance and ensuring that Islamic economics, banking and finance courses and programs are taught at Western universities has resulted in offering such programs and courses at several universities in the UK and other parts of Europe.”
The prize was first launched by the IDB in 1988 to honor efforts and reward outstanding achievements in the Islamic banking and finance fields.
A total of 33 outstanding researchers and professionals have won the prize over the past 24 years.


The Color Run debuts in KSA’s Eastern Province

Updated 18 March 2019
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The Color Run debuts in KSA’s Eastern Province

  • ‘The Happiest 5k on the Planet’ combines ‘fun, exercise and charitable giving’ during the Sharqiah Season
  • The Sharqiah project aims to deliver an extensive entertainment experience for both Saudis and visitors to the Kingdom

JEDDAH: For the first time in Saudi Arabia, The Color Run is coming to Sharqiah Season, which features more than 80 events in Eastern Province cities, and is the first of 11 scheduled festivals planned throughout the Kingdom in 2019. 

Sharqiah Season is a collaborative effort by the Saudi Commission for Tourism and National Heritage, the General Entertainment Authority (GEA), the General Culture Authority and the General Sports Authority.

The countdown is on for The Color Run, which takes place at the South Alkhobar Corniche on Saturday.

In this untimed 5-km event, runners — who start in white — are doused with various colors at every 1-km checkpoint.

Since its inception in 2012, The Color Run has seen more than 7 million participants in 40 countries, while donating more than $5 million to charities. 

Organized in line with the GEA’s efforts to attract top entertainment offerings to Saudi Arabia, “The Happiest 5k on the Planet” will make its mark on the Kingdom as part of this year’s worldwide “Color Run Hero Tour,” with 15,000 participants expected in each city.

The non-competitive run is not only an opportunity to create picture-perfect memories, but serves as a celebration of health, happiness and individuality. 

The GEA is supporting the event as part of its continued efforts to enrich the lifestyle of residents and citizens in line with the Kingdom’s Vision 2030 reform plan and the Quality of Life Program 2020.

The Color Run was hosted in the UAE twice in 2018, with massive crowds attending and cheering the runners. 

This year, the main theme is celebrating the hero in you, where nothing is impossible. Once the run is over, the fun will continue at the Finish Festival, a larger-than-life celebration with music, photo ops, activity booths, vendors, and more massive color throws.

“We are thrilled to be bringing The Color Run to Saudi Arabia. Its vibrancy matches the aims of the GEA and the Quality of Life Program 2020 objective to support and create new options that boost participation across cultural, entertainment and sports activities,” said the GEA’s Chief Operating Officer Sultan Al-Faqir.

“The Color Run, being held in our three biggest cities, will provide an exciting opportunity for thousands of families to engage in a healthy activity that combines fun, exercise and charitable giving.”

The Sharqiah project aims to deliver an extensive entertainment experience for both Saudis and visitors to the Kingdom.

The festival features events in Eastern Province cities, including Dammam, Dhahran, Alkhobar, Al-Ahsa and Jubail. Future seasons will focus on different areas of Saudi Arabia, with different entertainment options for each city. Upcoming seasons will focus on different areas, and also different parts of the year, such as Ramadan, Eid Al-Fitr and Eid Al-Adha.

"The Happiest 5k on the Planet" will make its mark on the Kingdom as part of this year’s worldwide ‘Color Run Hero Tour,’ with 15,000 participants expected in each city. (Photo Supplied)

Turki Al-Sheikh, chairman of the General Entertainment Authority, said in a statement that  the organization’s participation in the festival aligns with its goal of improving the quality of life in the Kingdom, and discovering local talent in various entertainment industries.  He also highlighted the importance of the entertainment sector and its contribution to the economy and the creation of jobs for locals, all important aspects of Vision 2030.

The opening night of Sharqiah Season on Thursday drew crowds of Saudis to the Alkhobar Corniche, despite strong winds and sprinklings of rain earlier in the day. Groups of friends stopping to take selfies and families with young children in tow wandered through the Entertainment Boulevard, lined with food stalls selling karak and koshari.

Earlier in the day, the mega event began with the opening of an exhibit featuring the work of Leonardo da Vinci at the King Abdul Aziz Center for World Culture (Ithra). 

The exhibit showcased some of Da Vinci’s original sketches, with several screens showing videos detailing how his designs have continued to inspire scientists and inventors in the modern era.

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Sharqiah Season continues until March 30, with upcoming weekends featuring sports events such as the Red Bull Air Race and the Formula 1 H20 boat race, as well as concerts in Dammam featuring Akon, Deadmau5, Pitbull and French Montana.