Manama, Kingdom of Bahrain | The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, successfully conducted this afternoon the second series of its online technical workshops for this year. CIBAFI Technical Workshop on “Maqasid al Shariah in Islamic Finance” will run for two days.

Following the successful series of CIBAFI Online Technical Workshop on “Maqasid al Shariah in Islamic Finance” in Arabic and English languages in 2020, CIBAFI is committed to meeting the high demand from its French speaking members stakeholders by delivering this workshop which covers the same agenda in the French language.

During the last decades, Islamic finance has seen rapid growth contributing more significantly to the global financial industry. Islamic finance facilitates and encourages modern financial practices to be in line with Shariah principles and requirements.

In the same context, CIBAFI always seeks to raise awareness about Islamic finance, which considers Maqasid al Shariah, one of the essential concepts that play a vital role in strengthening its growth. By the end of the workshop, participants will be equipped with an understanding of the concept, evolution, and importance of Maqasid al Shariah in Islamic finance and its classifications. Participants will be engaged in sessions and presentations from the experts and scholars to understand the underlying concept of each objective of Maqasid al Shariah.

The workshop witnessed an opening remark from Dr. Abdelilah Belatik, Secretary General of CIBAFI and a special address by H.E. Dr. Koutoub Moustapha Sano, Secretary General of the International Islamic Fiqh Academy (IIFA). Industry experts facilitated the technical workshop sessions including, Mr. Majed GHARSALLI, Head of Shariah Compliance and Audit, Zitouna Bank, Tunisia; Prof. Louazzani BERDAI, Membre, of Conseil des Oulémas de Fes – Morocco; Mr. Ait Hadadene Djamel, Compliance & Sharia Supervisory Manager, Al Baraka Bank Algeria; Mr. Nasser Hideur, General Manager, Al Salam Bank Algeria; and Dr. Mouhamed Mouhamed Goulam, Sharia Supervisory Officer, Banque Populaire De Mauritanie (BPM).

CIBAFI Technical Workshops are aligned with CIBAFI’s third objective of Training and Professional Empowerment which endeavours to enhance capacity building within the Islamic financial service industry (IFSI). These programmes are practical and are targeted to the staff of Islamic banks and Islamic financial institutions, regulators, and practitioners. They aim to engage participants in the discussion on the current environment of the Islamic banking industry.

CIBAFI, as the ‘voice’ of the industry, aims to provide high-level platforms to develop the human capital and bring industry professionals together to encourage dialogue and enhance knowledge sharing on most relevant matters to the IFSI.

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About the General Council for Islamic Banks and Financial Institutions (CIBAFI):

CIBAFI is an international non-profit organisation established in 2001 and headquartered in the Kingdom of Bahrain. CIBAFI is affiliated with the Organisation of Islamic Cooperation (OIC). It represents the Islamic financial services industry globally, defending and promoting its role, consolidating co-operation among its members, and with other institutions with similar interests and objectives. CIBAFI has over 130 members from 34 jurisdictions, representing market players, international intergovernmental organizations and professional firms, and industry associations.

For more information about CIBAFI, please visit www.CIBAFI.org 

Tel: +973 17357300 Email: media@cibafi.org 

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