Speakers at the Fifth Shura Fiqh Conference highlighted the need to preserve the parameters of Islamic financial industry as per the correct understanding of 'fiqh,' or Islamic jurisprudence. Addressing the final session of the conference on Tuesday, Dr. Yusuf Al-Shebeili said "the provisions of Sharia (Islamic law) and fiqh set clear-cut controls, rules and criteria for the modern Islamic financial and banking industry; one of most important rules in this regard is to plug the pretext for suspicious unlawful practices," he said. "This rule provides basis for a set of provisions that govern the Islamic financial industry and determine what is right or wrong, favorable or unfavorable, and so on" Al-Shebeili explained. In their presentations to the conference, Dr. Sayyed Al-Tabtabaei, Dr. Mohammad aZarqa and Dr. Hussein Hassan set forth the applications of the rule of plugging the pretexts or excuses on financial and banking transactions. The papers of the three experts explained in detail the viability of the Sharia-compliant practices in the steadily-growing Islamic financial and banking industry. The two-day gathering, organized by the Shura Sharia Consultancy, brought together prominent financial experts from Kuwait, the Arab region and beyond.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor