Manama I April 13, 2025
Al Baraka Group (“the Group”) and its banking units in Turkey and Egypt, Al Baraka Turk Participation Bank and Al Baraka Bank Egypt, announced their sponsorship of the AAOIFI 23rd Annual Shari’ah Boards Conference. The conference is supported by the Central Bank of Bahrain and will be held on 20-21 April 2025 in the Kingdom of Bahrain.
This sponsorship of the AAOIFI Annual Conference demonstrates the Group’s strong commitment to supporting the initiatives organized by AAOIFI as a leading institution in developing Islamic financial accounting and auditing standards. By aligning with AAOIFI, the Group not only reinforces its dedication to maintaining high standards in Islamic finance but also ensures that it remains responsive to emerging global requirements. This proactive approach significantly enhances the standing of the Islamic banking industry, both regionally and globally, fostering greater collaboration and innovation within the sector.
The two-days conference will feature keynote addresses from distinguished dignitaries and policymakers, signing of the Memorandum of Understanding, opening of the exhibition accompanying the Conference along with five panel discussion sessions. These discussions will focus on compensation for Breach of Binding Promise to Purchase, Sell, Take or Give on Lease, Governing Law for International Islamic Financial Transactions, Combination of Contracts in Structured Arrangements: Its Guidelines and Shari’ah Implications and Reinsurance: Its Importance, Structures, and Practical Applications. The discussions will be participated by a select group of scholars, scientists, academics, and specialists.
This sponsorship of the AAOIFI Annual Conference demonstrates the Group’s strong commitment to supporting the initiatives organized by AAOIFI as a leading institution in developing Islamic financial accounting and auditing standards. By aligning with AAOIFI, the Group not only reinforces its dedication to maintaining high standards in Islamic finance but also ensures that it remains responsive to emerging global requirements. This proactive approach significantly enhances the standing of the Islamic banking industry, both regionally and globally, fostering greater collaboration and innovation within the sector.
The two-days conference will feature keynote addresses from distinguished dignitaries and policymakers, signing of the Memorandum of Understanding, opening of the exhibition accompanying the Conference along with five panel discussion sessions. These discussions will focus on compensation for Breach of Binding Promise to Purchase, Sell, Take or Give on Lease, Governing Law for International Islamic Financial Transactions, Combination of Contracts in Structured Arrangements: Its Guidelines and Shari’ah Implications and Reinsurance: Its Importance, Structures, and Practical Applications. The discussions will be participated by a select group of scholars, scientists, academics, and specialists.