Second conference for the islamic finance

Under the auspices of HE the Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor Al Thani, Bait Al Mashura Finance Consultations organizes the second annual Conference for the Islamic Finance with the theme of " Islamic banking between reality and expectations." The one-day event, which is due to be held on 10th October 2011in Doha, brings together a number of top national and international scholars and experts of Islamic financial banking. It covers four main themes related to the causes and effects of the multitude of Fatwas (religious ruling) on Islamic banking; evaluation of the Islamic banking as a global reality, which is gaining new confidence since the recent financial crisis; liquidity management solutions for Islamic banks; importance of human resource management in Islamic banking; including the role of women in Islamic finance. The conference seeks to achieve its objectives in a variety of ways, including the unification of Fatwas favoring Islamic banking, the evaluation of the Islamic banking experience in addition to addressing the challenges facing the sector in terms of liquidity management and payment instruments, Bait al-Mashura Managing Director and CEO Dr. Osama al-Derae told a press conference here. For his part, Bait al-Mashura Vice Chairman Dr. Khaled bin Ibrahim Al-Sulaiti said the success of last year''s conference encouraged the organizers to hold the second edition in order to enhance interdependence and cooperation between Islamic Financial Institutions . Islamic banking is a banking activity that is consistent with the principles of Islamic law (Sharia) and its practical application through the development of Islamic economics. Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees (known as Riba or usury) for loans of money. Established in 2007, Bait Al-Mashura Finance Consultation a specialized Sharia Consulting body seeks to serve conventional and Islamic Financial Institutions. Committed to provide Sharia Consultations, Sharia Audit, training and development to be a partner in the success of Islamic Banking Journey