Al Baraka Banking Group, is ready to hold the thirty-second session of Al Baraka Symposium on Islamic economy in Hilton Jeddah tomorrow and the day after tomorrow, 10 and 11th of Ramadan 1423H.

On this occasion, Mr. Adnan Ahmed Yousif, President and Chief  Executive of Al Baraka Banking Group said that the Symposium in its current session will focus on the different academic topics, including the issuance of Sukuk with the compliance with Sharia purposes, Zakat of public money, taking into account ownership and development conditions. The Symposium will cover also recent topics related to insurance and real estate finance as well as important economic issues. 

The owners of virtue, leading scholars and experts in Islamic economy in addition to scholars, researchers, and the chief executives and general managers of banks and Islamic financial institutions and those interested in its issues from different around the world will participate in the Symposium sessions.

Mr. Adnan added that the organizing of the Symposium in this regular and periodic way provide good opportunity for scholars, intellectuals, bankers and senior officials and executives in the Islamic financial industry to discuss and exchange views on issues of banking and finance emerging in the Islamic banking industry.

Mr. Adnan explained that this Symposium is continued to hold for 32 years.  The first Al-Baraka symposium on Islamic economy was held in Al-Medinah Al-Munawarah near the prophet's mosque in the period 17-20 Ramadan 1403H, Corresponding to 27-30 June 1981, under the auspices of H.E Sheikh Saleh A. Kamel, Chairman of ABG, with participation of a wide spectrum of Figh scholars, bankers and executives. Since then the symposium was held in Tunisia, Algeria, Turkey, Makkah Al-Mukaramah, and Jeddah to reach this year, with thanks of God, its 32 sessions.

In this regard, Mr. Adnan Ahmed Yousif announced the launching of the first version of jurisprudence encyclopedia, which is published in the framework of cooperation between Al Baraka Banking Group and the Saudi Information Technology Company. Then, this Encyclopedia will be issued every year to include all new research studies and opinions on Islamic economic system issued by the Group. In addition to the Encyclopedia, a new set of studies on different areas of Islamic economics issued by the Group will also be distributed at the Symposium.

Al Baraka Banking Group (ABG) is a Bahrain Joint Stock Company listed on Bahrain and Nasdaq Dubai stock exchanges. ABG offers retail, corporate and investment banking and treasury services strictly in accordance with the principles of the Islamic Shari'a. The authorised capital of ABG is US$1.5 billion, while total shareholders' equity amounts to about US$1.8 billion. The Group has a wide geographical presence in the form of subsidiary banking Units and representative offices in twelve countries, which in turn provide their services through more than 400 branches. These banking Units are Jordan Islamic Bank, Al Baraka Islamic Bank, Al Baraka Bank Pakistan Limited; Banque Al Baraka D'Algerie, Al Baraka Bank Sudan; Al Baraka Bank Limited, South Africa; Al Baraka Bank Lebanon; Al Baraka Bank Tunisia; Al Baraka Bank Egypt; AlBaraka Turk Participation Bank, Al Baraka Bank Syria and representative offices in Indonesia and Libya (under formation).

For further information, please contact:

info@adnanyousif.com

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