A three-day international conference on Islamic economics ended urging Islamic banks to address problems such as poverty and unemployment in Muslim countries. The conference, hosted by King Abdulaziz University (KAU), adopted a number of important recommendations to promote Islamic economics in the world. Nearly 1,000 delegates from across the globe, including several pioneers in Islamic economics, attended the forum. The organisers presented 19 recommendations and proposals at the concluding session based on papers presented at the event. The proposals emphasised the need to focus more on training professionals to run Islamic banks and financial institutions. While talking about the new strategic vision for research in Islamic economics, Dr. Najatullah Siddiqi, winner of the King Faisal International Prize for Islamic Studies and author of 30 books, urged researchers to be more creative and explore new horizons rather than wasting their efforts on conventional topics. Siddiqi called for rebuilding Islamic economics on the basis of moral values rooted in spirituality. “This is essential for making sacrifices for noble goals, disregarding vested interests,” he said.
ISLAMIC ECONOMICS CONFERECE IN JEDDAH
A three-day international conference on Islamic economics ended urging Islamic banks to address problems such as poverty and unemployment in Muslim countries. The conference, hosted by King Abdulaziz University (KAU), adopted a number of important recommendations to promote Islamic economics in the world.
