Menu
Search
Saudi Central BankSaudi Central BankNewsThe Saudi Central Bank organizes virtually its Second Quarterly Workshop on Islamic Finance for 2021
News
الاخبار
The Saudi Central Bank organizes virtually its Second Quarterly Workshop on Islamic Finance for 2021
6/7/2021 10:40 AM

His Excellency Deputy Governor of the Saudi Central Bank "SAMA" for Research and International Affairs Dr. Fahad bin Abdullah Aldossari opened SAMA's second virtual  workshop on Islamic Finance for 2021 on Thursday, 22 Shawwal 1442, under the title "The Contribution of Research and Development in the Islamic Finance Industry." A number of participants including industry experts and those interested in the sector attended the workshop.  The quarterly workshop focuses on Islamic Finance sponsored by SAMA, aimed at discussing current topics concerning the sector.


In his welcoming remarks, His Excellency the Deputy Governor highlighted the importance of qualitative developments in the industry, most notably research and development as being a strategic pillar that assesses the developments and challenges for the industry with a forward looking approach to launching innovative products for future economic growth and financial stability.  He also touched on the most prominent qualitative developments taking place in the Islamic financial industry in the Kingdom, for example, the joint Islamic Finance research initiative launched by SAMA. In addition, he referred to the role of the Shari'ah Governance Framework for banks operating in the Kingdom, issued in February 2020 in supporting the research and development system in the Islamic banking industry.  In this context, His Excellency highlighted the important role of Saudi Universities in developing the research and development system and the continuous cooperation of SAMA with universities.


The workshop included three main themes in three successive sessions.


In the first session, Prof. Dr. Muhammad Al-Suhaibani discussed research, development, and its role in the development of the Islamic finance industry.


In the second session, Prof. Dr. Seif El-Din Taj El-Din discussed the pillar related to the pivotal areas that shape the focus of research and development in the Islamic finance industry, important achievements, and future research trends.


In the third and concluding session, Dr. Natalie Schoon discussed recent innovations and practical applications in Islamic finance and their expected additional value. 

Enterprise Keywords