Senior scholars defend KSA’s Islamic laws

Senior scholars defend KSA’s Islamic laws
Updated 22 March 2015

Senior scholars defend KSA’s Islamic laws

Senior scholars defend KSA’s Islamic laws

The Council of Senior Scholars has defended the Kingdom’s judiciary, saying it is based on Islamic law and guarantees the rights of all people.
Sheikh Fahad bin Saad Al-Majed, secretary general of the council, said that Saudi Arabia is the center of the Islam world. “The Kingdom is proud of its Islamic laws, which protects human rights, dignity and private property.”
Al-Majed said the country is “a beacon of light” for Muslims worldwide, with millions arriving every year for Haj and Umrah. The attacks on Islamic law only served to strengthen the country, making it more determined to cling to the religion, under the leadership of Custodian of the Two Holy Mosques King Salman, the crown prince and deputy crown prince, he said.
Meanwhile, the Foreign Minister of Djibouti has denounced Sweden’s recent statements against Saudi Arabia, considering them an act of aggression against Muslims worldwide.
The ambassador of Djibouti in the Kingdom, Diyaa Al-Din Bakharma, said that his country stands by the Kingdom in this matter. He said the attack on Saudi Arabia, widely considered the “cradle of Islam” targets all Muslims. These statements interfered in the Kingdom’s internal affairs, and could possibly contravene international law, he said.
Swedish Foreign Minister Margot Wallstrom last week criticized Saudi Arabia’s judicial system over a case involving a Saudi blogger convicted of insulting Islam. There has been widespread anger in the Kingdom over her comments.


Yazeed Al-Humied, head of Local Holdings Investments at the Saudi Public Investment Fund

Yazeed Al-Humied
Yazeed Al-Humied
Updated 15 January 2021

Yazeed Al-Humied, head of Local Holdings Investments at the Saudi Public Investment Fund

Yazeed Al-Humied

Yazeed Al-Humied is the newly appointed head of Local Holdings Investments at the Saudi Public Investment Fund (PIF).

From October 2016 until December 2020, he was the PIF’s chief of staff, managing the fund’s relationships and creating strategic partnerships locally and internationally.

He also managed internal institutional and investment projects to ensure they were completed on time and met quality standards and developed a governance model for PIF portfolio companies while monitoring their performance.

On top of his new role, Al-Humied will contribute to the PIF as a member of various permanent committees including those responsible for management, and portfolio company nomination.

In addition, he sits as chairman of the National Security Services Co., vice chairman of both the Samba Financial Group and the Saudi Stock Exchange (Tadawul), and is a board member of Saudia airline, the Saudi Civil Aviation Holding Co., and Saudi low-cost carrier flyadeal.

Al-Humied joined PIF as an adviser to the fund’s governor in 2015. In his one-year advisory role, he was responsible for the restructuring, strategy crafting, and posting of PIF’s reallocation to the Saudi Council of Economic and Development Affairs.

He started his career in 2004 with multinational professional services company PricewaterhouseCoopers and four years later joined the Capital Market Authority (CMA) where he headed mergers and acquisitions.

Al-Humied gained a bachelor’s degree in accounting from Riyadh’s King Saud University in 2004 and he is also an alumnus of the London Business School’s corporate finance modular program.