Jeddah, Kingdom of Saudi Arabia, 19 March 2018 – A four-day International Executive Program in Islamic Finance has begun in Jeddah, Kingdom of Saudi Arabia, with participants from reputable financial and academic institutions in various countries.
The program is jointly organized by the Saudi-Spanish Center for Islamic Economics and Finance (SCIEF), IE Business School, Madrid, the Islamic Reserch and Training Institute (IRTI) of the Islamic Development Bank (IDB), and the Islamic Economics Institute (IEI) of King Abdulaziz University, Jeddah.
In his remarks at the opening of the program, Dean of IEI, Dr. Abdullahi Turkistani, said that the course was aimed to enhance Islamic finance knowledge, deepen experience, and provide networking opportunities for participants.
He said that IEI was delighted that the partnership among the organizing institutions has created "a platform for alternative finance in order to raise awareness among academics and business people of the importance of ethics and morals in finance and business."
Dr. Turkistani added that "IRTI is an important partner in the success of the program, as it is enhancing both the academic and practical sides of the program."
The program manager, Dr. Kaleem Alam, noted that Islamic finance is no longer alien to the world of finance, and that there is growing demand globally, especially in Africa, to learn and implement Shariah-complaint finance.
The program is designed for executives interested in gaining knowledge and developing contacts in the Islamic finance sector. Participants will attend workshops, roundtables and academic sessions covering the fundamental principles, key concepts and modes of Islamic finance, as well the importance of ethics in business.
Participants will also visit a number of organizations in Jeddah, including the Islamic Development Bank (IDB); National Commercial Bank (NCB); SEDCO, a leading Shariah-compliant private wealth management organization; and Alkhabeer Capital, a prominent asset management company specializing in alternative investments. The visits will facilitate discussions on Shariah compliance in project financing, mobilizing financial resources, responsible and ethical investment, entrepreneurship, and other topics.