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Tribune News Network
Doha
Qatar is one of the first countries to get into Islamic finance since the early 80s and it has continued to grow over the past years to become the fifth largest market for Islamic finance in the world, said Sheikh Mohammed bin Hamad bin Jassim Al Thani, the Chairman and Managing Director of Dukhan Bank.
Addressing 7th Doha Islamic Finance Conference on its inaugural day on Tuesday, Sheikh Mohammed said Islamic banking assets constitute 26 percent of the total banking assets in Qatar.
He said, Dukhan Bank, which is the strategic partner and exclusive sponsor of the conference, managed to complete the first merger ever in Qatar’s history in 2019 which led to the bank’s assets exceeding QR86 billion.
The merger also contributed to strengthening the position of Islamic banking in Qatar, he added.
Prof Dr Khalid bin Ibrahim Al Sulaiti, Chairman of the Organising Committee and Vice Chairman of Bait Al-Mashoura Finance Consultations Company, said, “We are here in our seventh edition of the conference, facing the biggest financial crisis confronting the world since the second World War, at a time the crisis has spillover effect on both the aspects of sustainability: the society and the economy.”
The situation imposes on all the stakeholders and decision makers to propose ideas and solutions to blunt the impact of it while bolstering the recovery and economic revival post the crisis, he said.
“This edition of conference aims to boost the awareness regarding digital economy and its role in establishment of smart societies whose active capabilities and participations shall contribute to the realization of sustainable development,” Dr Khalid said.
“We firmly believe that Islamic financial system with its roots immersed in everlasting Shari’ah and the wise objectives therein are proficient to serve the best interest of an individual and the society through its just and integral system.”
Minister of Religious and Worship Affairs of Mali Dr Mohamed Kony expressed his gratitude to participate in such conference, stressing the distinction of Islamic finance and its effects on the individual and society in achieving social justice.
He said Islamic finance seeks to maximize collective benefits, be compatible with Shari’ah laws, and protect humanity from injustice.
Doha
Qatar is one of the first countries to get into Islamic finance since the early 80s and it has continued to grow over the past years to become the fifth largest market for Islamic finance in the world, said Sheikh Mohammed bin Hamad bin Jassim Al Thani, the Chairman and Managing Director of Dukhan Bank.
Addressing 7th Doha Islamic Finance Conference on its inaugural day on Tuesday, Sheikh Mohammed said Islamic banking assets constitute 26 percent of the total banking assets in Qatar.
He said, Dukhan Bank, which is the strategic partner and exclusive sponsor of the conference, managed to complete the first merger ever in Qatar’s history in 2019 which led to the bank’s assets exceeding QR86 billion.
The merger also contributed to strengthening the position of Islamic banking in Qatar, he added.
Prof Dr Khalid bin Ibrahim Al Sulaiti, Chairman of the Organising Committee and Vice Chairman of Bait Al-Mashoura Finance Consultations Company, said, “We are here in our seventh edition of the conference, facing the biggest financial crisis confronting the world since the second World War, at a time the crisis has spillover effect on both the aspects of sustainability: the society and the economy.”
The situation imposes on all the stakeholders and decision makers to propose ideas and solutions to blunt the impact of it while bolstering the recovery and economic revival post the crisis, he said.
“This edition of conference aims to boost the awareness regarding digital economy and its role in establishment of smart societies whose active capabilities and participations shall contribute to the realization of sustainable development,” Dr Khalid said.
“We firmly believe that Islamic financial system with its roots immersed in everlasting Shari’ah and the wise objectives therein are proficient to serve the best interest of an individual and the society through its just and integral system.”
Minister of Religious and Worship Affairs of Mali Dr Mohamed Kony expressed his gratitude to participate in such conference, stressing the distinction of Islamic finance and its effects on the individual and society in achieving social justice.
He said Islamic finance seeks to maximize collective benefits, be compatible with Shari’ah laws, and protect humanity from injustice.
