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Wednesday, March 29, 2023

Hamad Bin Khalifa University plays host to the seventh convocation of CEOs and luminaries of Islamic finance.

The College of Islamic Studies at Hamad Bin Khalifa University hosted the seventh edition of the roundtable meeting for CEOs and leaders of Islamic finance to discuss the role of Islamic banking in Qatari economic growth after hosting the FIFA,Football,Soccer World Cup Qatar 2022.

The annual meeting, organized by the Center for Islamic Economics and Finance at the College of Islamic Studies, included participants from the Islamic banking sector, financing institutions and academics, to conduct open discussions on emerging issues and enhance understanding about their elements, and open a dialogue between leaders and experts in the sector, regulatory bodies and academic circles, while providing an opportunity for students to participate. more at this meeting.

This year’s round table was held under the theme "Prospects for Qatari economic growth after the World Cup: The role of banks and financial institutions"It was attended by CEOs of Islamic banks and financial institutions in Qatar, the United Kingdom and other countries, as well as experts and professionals in the sector, professors and researchers from Hamad Bin Khalifa University.

Participants’ discussions shed light on three main issues facing the Qatari Islamic banking and finance sectors: How can Qatar become a leading center for Islamic sukuk? And work on developing a national strategy for financial technology "sedition"and the National Action Plan for Climate Change in Qatar. Participants also focused on the opportunities and challenges involved in these issues, and how they can cooperate with each other on the one hand, and with the Qatari government on the other, to find effective solutions to address them.

On the meeting, Dr. Recep Chanturk, Dean of the College of Islamic Studies at Hamad Bin Khalifa University, said that while the State of Qatar seeks to diversify its economy after hosting the world’s largest football tournament, financing institutions play a major role in this collective effort. The round table is an ideal platform through which decision makers and leaders of the country’s financial and banking sector can meet and discuss opportunities for cooperation to achieve economic growth in the future.

For his part, Mr. Youssef Mohamed Al Jaidah, CEO and member of the Board of Directors of the Qatar Financial Center, stressed that Qatar’s efforts to become a center for Islamic sukuk provide tremendous opportunities for Islamic finance companies to develop their business within the country. In this context, the Qatar Financial Center launched a regulatory framework for sukuk and bonds. Sustainable, based on the Green Bond Principles, Social Bond Principles and Sustainable Bond Guidelines issued by the International Association of Capital Markets, this regulatory framework is the first of its kind in the GCC.

It is noteworthy that the College of Islamic Studies was established as a result of contemporary intellectual efforts for Islamic studies, as it publishes its intellectual contributions at the national, regional and global levels, in addition to being a unique platform that contributes to intellectual discussion and constructive dialogue on Islamic issues according to a global vision.

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