*** ----> Al Salam Bank hosts second shari’a departments forum | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Al Salam Bank hosts second shari’a departments forum

TDT | Manama

The Daily Tribune - www.newsofbhrain.com

Al Salam Bank hosted the second Shari’a Departments Forum on 12th May 2024 under the supervision of the Shari’a Audit Department and with the support of the Bank’s Executive Management. Taking place at the Bank’s headquarters, the event focused on bridging the gap between theoretical and practical applications of Islamic Jurisprudence of financial transactions. It aimed to enhance the qualifications of Islamic banking professionals and strengthen their communication with Shari’a Supervisory Boards.

Held under the slogan “The Shari’a Compliance Function: Reality and Future Prospects,” the forum delved into the foundational role of Shari’a compliance in Islamic banks. It explored the history of the profession and its key figures, examining the essential qualifications for Shari’a compliance positions. Effective methodologies for archiving Shari’a Board fatwas were also addressed, alongside discussions on anticipating future trends and harnessing the potential of Artificial Intelligence (AI) in the field.

Commenting on the occasion, Mr. Eihab Ahmed, Deputy CEO of Corporate Affairs at Al Salam Bank said, “This forum serves as a vital platform to exchange knowledge and experiences, ultimately propelling the advancement of the Kingdom’s Islamic banking sector.”