The Kingdom of Bahrain is set to host the 20th Annual Shari’ah Boards Conference organised by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) under the auspices of the Central Bank of Bahrain on 14-15 Shawwal 1443 AH corresponding to 15-16 May 2022.
The flagship conference will be held in a physical manner at the Gulf Hotel in Bahrain after a gap of two years due to the COVID-19 pandemic. Additionally, for the benefit of the global audience, the proceedings will be aired live via. Zoom and other social media platforms.
The annual conference is considered as one of the most important gatherings in Islamic finance industry for which Shari’ah scholars, policymakers and decision-makers come together on one platform to deliberate and discuss pressing topics in Islamic finance industry globally. To date the conference has received registrations of more than 1,200 global stakeholders.
This is in addition to the globally renowned speakers including Shari’ah scholars, industry practitioners and senior representatives from the government and other important guests.
The chief guests of the conference confirmed to date include H.E. Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain, H.E. Dr. Feras Milhem, Governor, Palestine Monetary Authority, Sheikh Mufti Muhammad Taqi Usmani, Chairman, AAOIFI Shari’ah Board and H.E. Sheikh Ebrahim Bin Khalifa Al Khalifa, Chairman, AAOIFI Board of Trustees.
The two-day conference will have keynote speeches in addition to six panel discussions. On day 1, there will be three panel discussions in addition to the opening ceremony.
The panel discussions will include an interactive discussion session on integration among Shari’ah and regulatory requirements, applying the new risk-free benchmark rates in Ijarah and Murabaha, variance in the contracts’ vitiators (Mufsidat Al-Aqd) and its impact on Shari’ah provisions. —Zawya News
