Latest news with #AlBarakaForum
Ammon
7 hours ago
- Business
- Ammon
World Leaders, Experts Convene in Istanbul for Global Islamic Economy Summit
Ammon News - The Second Global Islamic Economy Summit, organized by the Al Baraka Forum for Islamic Economy, commenced, on Friday, in Istanbul. The three-day event, running until Sunday, has drawn the participation of Turkish President Recep Tayyip Erdoğan, alongside a distinguished gathering of policymakers, economic leaders, and prominent intellectuals from around the world. In his opening address, Abdullah Saleh Kamel, Chairman of the Board of Trustees of the Al Baraka Forum, highlighted the significant development taking place across key Arab and Islamic capitals. He noted that this progress reflects institutional maturity and a sincere commitment to contributing to the future of the global economy through a model that integrates core values with operational efficiency. Kamel emphasized that the economic transformations unfolding in many Arab countries signal a readiness to adopt a modern economic approach grounded in well-established principles. He affirmed that the Islamic economy is not a theoretical alternative, but a comprehensive financial system that has demonstrated its effectiveness through instruments such as endowments, zakat, takaful, and sukuk—tools that can thrive within responsible and modern regulatory environments. He also stressed that the Islamic world possesses the human resources, natural wealth, and intellectual foundations needed to build a competitive economic model. He called for broader partnerships among nations, institutions, and societies, with a focus on transforming successful experiences into scalable, internationally viable systems. Abdullah Saleh Kamel's remarks reflected a strategic vision for leading a values-based economic movement that remains relevant to contemporary realities, positioning the Islamic world as an active contributor to the global economic order. The Al Baraka Forum for Islamic Economy is an independent, non-profit intellectual platform. Its first seminar was held in Madinah in 1981. Since then, the Forum has continued to host annual meetings that bring together experts and decision-makers to shape the future of the Islamic economy, support research, and strengthen its knowledge base.
Saudi Gazette
3 days ago
- Business
- Saudi Gazette
Islamic economy originated in Madinah, says Abdullah Saleh Kamel at Istanbul summit attended by Erdoğan
Saudi Gazette report ISTANBUL — The second Global Islamic Economy Summit kicked off in Istanbul on Friday in the presence of Turkish President Recep Tayyip Erdoğan. Organized by the Al Baraka Forum for Islamic Economy, the summit runs until Sunday and gathers a distinguished group of policymakers, economists, and thought leaders from around the world. During the opening session, Abdullah Saleh Kamel, Chairman of the Board of Trustees of the Al Baraka Forum, emphasized that the foundations of the modern Islamic economy were laid in Madinah, and that Saudi Arabia played a key role early on in institutionalizing this values-driven model based on Islamic principles and social noted that the first sessions of the Al Baraka Forum were held in Madinah over 50 years ago, marking the beginning of an integrated Islamic economic called for Saudi Arabia to further its strategic leadership in this space amid the accelerating shifts in the global economic also highlighted the importance of investing in Islamic finance tools such as zakat, waqf, sukuk, and qard hasan (benevolent loans), which he said now represent realistic solutions for addressing development crises and promoting social and financial Al Baraka Forum for Islamic Economy is an independent, non-profit intellectual platform aimed at developing an economic model based on Islamic holds annual international gatherings that bring together economic and intellectual leaders to enrich Islamic economic research and knowledge frameworks.
Daily Tribune
07-04-2025
- Business
- Daily Tribune
Al Baraka Group sponsors 45th edition of AlBaraka Islamic Economics Symposium in Madinah
Al Baraka Group has announced its sponsorship as a 'Global Partner' for the 45th edition of AlBaraka Islamic Economics Symposium, which will take place on April 16–17, 2025, under the theme: 'Islamic Banking in Fifty Years: Past Achievements and Future Aspirations.' The event will be hosted at the University of Prince Muqrin in Madinah, Saudi Arabia. This prestigious global symposium will bring together a distinguished group of scholars, jurists, bankers, and academics. It will feature numerous key sessions and workshops focusing on the evolution of Islamic banking over the past 50 years, including legislative and jurisprudential developments, global market expansion, and innovative pathways such as Islamic windows and acquisitions while maintaining its Islamic identity. The symposium will also address Shariah governance, Sharia supervisory boards, and international Sharia standards as a solid foundation for Islamic banking. Moreover, the discussions will cover critical topics related to the role of Islamic banks in socio-economic development and the future of Islamic banking amidst challenges and promising opportunities. The symposium's agenda will include a panel discussion on the role of banking groups in leading the Islamic finance sector and promoting Islamic economic principles. Additionally, there will be two specialized workshops focusing on new governance standards by AAOIFI and mechanisms for developing Islamic financial products through financial engineering tools, in addition to various accompanying activities, such as distributing AlBaraka Forum awards, showcasing new projects, and signing memorandums of understanding. Al Baraka Group is committed to sponsoring AlBaraka Islamic Economics Symposium annually and providing all necessary support to ensure its success. Over the past decades, the symposium has played a crucial role in establishing and developing the jurisprudential foundations of Islamic banking and economics. It has also served as a scholarly reference for academic research, Shariah committees, and fatwa bodies, thus safeguarding the integrity of Islamic banking in serving societies and contributing to sustainable development.
Zawya
07-04-2025
- Business
- Zawya
Al Baraka Group sponsors the 45th Edition of AlBaraka Islamic Economics Symposium in Madinah
Manama: Al Baraka Group has announced its sponsorship as a 'Global Partner' for the 45th edition of AlBaraka Islamic Economics Symposium, which will take place on April 16–17, 2025, under the theme: 'Islamic Banking in Fifty Years: Past Achievements and Future Aspirations.' The event will be hosted at the University of Prince Muqrin in Madinah, Saudi Arabia. This prestigious global symposium will bring together a distinguished group of scholars, jurists, bankers, and academics. It will feature numerous key sessions and workshops focusing on the evolution of Islamic banking over the past 50 years, including legislative and jurisprudential developments, global market expansion, and innovative pathways such as Islamic windows and acquisitions while maintaining its Islamic identity. The symposium will also address Shariah governance, Sharia supervisory boards, and international Sharia standards as a solid foundation for Islamic banking. Moreover, the discussions will cover critical topics related to the role of Islamic banks in socio-economic development and the future of Islamic banking amidst challenges and promising opportunities. The symposium's agenda will include a panel discussion on the role of banking groups in leading the Islamic finance sector and promoting Islamic economic principles. Additionally, there will be two specialized workshops focusing on new governance standards by AAOIFI and mechanisms for developing Islamic financial products through financial engineering tools, in addition to various accompanying activities, such as distributing AlBaraka Forum awards, showcasing new projects, and signing memorandums of understanding. Al Baraka Group is committed to sponsoring AlBaraka Islamic Economics Symposium annually and providing all necessary support to ensure its success. Over the past decades, the symposium has played a crucial role in establishing and developing the jurisprudential foundations of Islamic banking and economics. It has also served as a scholarly reference for academic research, Shariah committees, and fatwa bodies, thus safeguarding the integrity of Islamic banking in serving societies and contributing to sustainable development. Launched in 1981, AlBaraka Islamic Economics Symposium has served as a leading platform for Shariah and economic discussions. It has significantly contributed to the advancement of Islamic economic practices from both jurisprudential and technical perspectives. The symposium presents emerging economic issues for deliberation by renowned Islamic scholars and jurists, alongside extensive participation from international financial and economic experts. The goal is to enrich Islamic economic practices by offering fatwas, recommendations, and effective practical solutions. About Al Baraka Group: Al Baraka Group B.S.C. (C) is licensed as an Investment Business Firm – Category 1 (Islamic Principles) by the Central Bank of Bahrain. It is a leading international Islamic financial group providing financial services through its banking subsidiaries in 13 countries offering retail, corporate, treasury and investment banking services, strictly in accordance with the principles of Islamic Shari'a. The Group has a wide geographical presence with operations in Jordan, Egypt, Tunisia, Bahrain, Sudan, Turkey, South Africa, Algeria, Pakistan, Lebanon and Syria, in addition to two branches in Iraq and a representative office in Libya and provides its services in more than 600 branches. ABG's network serves a population totaling around one billion customers. The authorized capital of ABG is US$ 2.5 billion.
Express Tribune
26-02-2025
- Politics
- Express Tribune
Cold war costs Justice Mansoor KSA trip
A cold war in the highest judiciary seems to have further deepened as Senior Puisne Judge Justice Syed Mansoor Ali Shah could not fly to Saudi Arabia for attending two events at the arbitration for want of ex- Pakistan leave. It is learnt that Justice Shah was invited to deliver key notes at two events at the Arbitration week in Riyadh, Saudi Arabia organised by the Al Baraka Forum and the Organization of Islamic Cooperation- Arbitration Center (OIC-AC). During the week, Justice Shah also wanted to perform Umrah before the start of the holy month of Ramazan. The senior puisne judge had made a request to Chief Justice of Pakistan Yahya Afridi for ex-Pakistan leave well in time, which remained unanswered, compelling Justice Mansoor to cancel his trip to Saudi Arabia as his leaves could not be sanctioned. It is to be noted that Justice Shah was the only Supreme Court judge from a Muslim country invited to the event sponsored by the Saudis in 'Arbitration Week' in Riyadh which is a high profile event. Lawyers believe that Arbitration is most significant for Pakistan, and Justice Shah's presence in Riyadh would have helped build cooperation amongst the judiciaries of the Muslim countries. This could have led to developing a joint arbitration centre for Muslim countries and an international arbitration centre in Pakistan. They are also wondering as why the minutes of committee working under Supreme Court Practice and Procedure Act 2023 are not being shared on SC website. The practice was stopped since the incumbent CJP assumed his office. Justice Syed Mansoor Ali Shah is also member of three members committee. Earlier, four justices, who opposed the elevation of high court judges to the apex court, have been removed from key administrative committees under CJP Yahya Afridi's restructuring plan. CJP Afridi reconstituted several committees, replacing senior justices with junior ones. Those excluded from critical roles included Justice Syed Mansoor Ali Shah, Justice Munib Akhtar, Justice Ayesha Malik, Justice Athar Minallah and Justice Aqeel Ahmad Abbasi. Had CJP Afridi constituted a full court to hear petitions against the 26th Constitutional Amendment, the situation might have been differently, said the legal experts. Two judges, Justice Mansoor Ali Shah and Justice Munib Akhtar, who formed the majority in the relevant committee, had ordered the constitution of a full court to hear the petitions in the first week of November. However, instead of listing the case, CJP Afridi convened a meeting of the Judicial Commission of Pakistan (JCP) to select judges for the constitutional bench. The constitutional bench has yet to decide petitions against 26th constitutional amendment. Subsequently, a three-judge bench led by Justice Shah had raised question if the regular bench could be barred to adjudicate the matters related to the interpretation of law and Constitution after 26th Constitutional Amendment. However the case was withdrawn from that regular bench by the committees. A division bench of the apex court led by Justice Syed Mansoor Ali Shah held that the members of both committees violated the judicial order and withdrew the case from regular bench. The bench remarked that committees' members have committed the contempt; therefore, the full court should be constituted to initiate the proceedings. However, the members of constitutional bench were visibly upset and they set aside the regular bench's judicial orders. Recently, the federal government also filed intra court appeals against regular bench orders in contempt matter. It is being witnessed that dissenting judges faced always tough times since ex-CJP Saqib Nisar's tenure. Lawyers believe that if the clash among senior SC judges continues, the superior judiciary will be further weakened and the situation will be favourable for the beneficiaries of 26th Constitutional Amendment.
