Islamic finance online workshop launched

TDT | Manama

More than 70 participants from 20 countries took part in an online technical workshop organized yesterday by the General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions. The Arabic-language workshop, entitled “Maqasid al Shariah in Islamic Finance”, will run until tomorrow.

The participants are representatives of Islamic banks and financial institutions, Regulatory and Supervisory Authorities (RSA), Academia as well as other international institutions. Given the importance of Maqasid al Shariah in the context of Islamic finance, the workshop aims to look at Maqasid al Shariah, its objectives, and classification before getting into the concept of Maslahah (Public interest) as an important mechanism of Shariah.

It also covers Maqasid al Shariah’s various implementations in the resolutions of Shariah Boards. The online workshop involves a combination of lectures, interactive discussions, case studies, exercises, and experience sharing sessions from various industry experts and Shariah scholars.

CIBAFI will continue to overcome the current challenges by using innovative solutions and implementing alternatives for virtual initiatives and activities, thus will hold a number of technical webinar series in different languages. 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).