The symposium, to be held under the chairmanship of Saleh Kamel, chairman of Al-Baraka Banking Group, will discuss a number of emerging financial transactions and some other economic issues from an Islamic perspective.
The symposium will focus in its current session on the following topics:
• The issuance of sukuk in compliance with Shariah principles.
• Zakat of public money, taking into account ownership and development conditions.
• Insurance on deposits, investments and sukuk, and dealing with the government and private security institutions.
• Financing of real estate leasing for parties that have legal purposes but prohibited practices.
The sessions will begin at the 10 in the evening and will last four hours.
The opening session will be addressed by Kamel, Adnan Ahmad Yousuf, ABG CEO and Abdul Sattar Abu Ghoddah, chairman of ABG Unified Shariah Board.
Yousuf said that Saleh Kamel gives this symposium great attention and he is very keen to attend and chair it every year. This comes out of his belief in its importance in promotion of banking practices at Islamic banks all over the world.
Dallah Al-Baraka Group started organizing this symposium twenty-eight years ago.
Al-Baraka Banking Group has been regularly organizing this symposium every year with broad participation of prominent scholars and experts in the Islamic economic system and attendance of more than seven hundred participants, including managers of central banks in Islamic countries, the chief executives and general managers of various banks and Islamic financial institutions and those interested in its issues from different parts of the world.
The first session was held in Madinah on June 27, 1983 with the participation of a number of scholars, experts, bankers and executives.
Over the years the succeeding symposiums were held in Tunisia, Algeria, Turkey, Makkah and Jeddah.
