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Al Baraka 33rd symposium of Islamic Economics concludes in Jeddah

Al Baraka Banking Group B.S.C(ABG) concluded its annual Symposium for Islamic Economy in its thirty-third session on Wednesday and Thursday, sixth and seventh of the Holly month Ramadan, corresponding to 25 to 26 July 2012 in Jeddah. A number of emerging financial transactions and some other economic issues from an Islamic perspective were discussed. 

Under the chairmanship of Sheikh Saleh Abdullah Kamel, Chairman of Al Baraka Banking Group, the symposium was held with attendance of more than 1000 participants. It covered many topics including managing of fluctuations in exchange rates and dealing during the banking time grace, commissions and fees of Letters of guarantee and documentary credits, credit cards, interest-free finance (Al Qard Al-Hassan), endowment of Money, shares and Stocks, issues on Zakat, use of Zakat funds in microfinance, use of Zakat funds to provide guarantees to the under privileged, contemporary applications in Zakat debtors share, and its usage to establish insurance funds for the benefit of zakat givers.

Islamic Chamber of Commerce and Industry - الغرفة الأسلامية للتجارة و الصناعة
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