QFIB sponsors Islamic financial transactions training

May 11, 2011 - 12:26:53 am

DOHA: The Islamic Contemporary Financial Transactions training course, which was sponsored by Qatar First Investment Bank (QFIB), concluded its last session on Thursday.

The training course was organised by the Faculty of Islamic Studies in Qatar (QFIS), a member of Qatar Foundation for Education, Science & Community Development, in collaboration with the International Union of Muslim Scholars (IUMS). The course is part of the ‘Future Scholars’ series which commenced last February, and was held on a weekly basis at QFIS premises in Education City.

“We are pleased to collaborate with the Faculty of Islamic Studies in delivering such an important course. Demand for Islamic Financial products and services is growing at an unprecedented rate,” said QFIB Chairman, Abdullah bin Fahd bin Ghorab Al Marri.

“It is essential that practioners in this field are regularly kept up to date with latest practices in this industry. QFIB’s sponsorship of this training course underlines our commitment to support activities dedicated to generating awareness about Islamic finance. We hope this is a first step in a long-term partnership between QFIB and QFIS”.

Dr Hatem Al Qaranshawi, the Dean of QFIS thanking QFIB for their support, said “This partnership between QFIS, IUMS and QFIB is of a great significance. It highlights QFIS as a major player in spreading awareness of Islamic heritage specifically in financial transactions.” He said QFIS facilitates the exchange of expertise that virtually contribute to the development of Islamic financial services in order to meet the economic challenges of the time.

Over 220 male and female students, in addition to a number of professionals working in the Islamic finance field, attended a series of specially designed lectures the content of which was developed by Prof Dr Ali Al Quradaghi, Qatar Univesity Professor, IUMS Secretary General and Head of Shari’ah Board of QFIB. The content of the course covered two major areas: Introduction to Islamic Economy and the Methodology of Islamic Jurisprudence.

“We are grateful for QFIB’s support of the training course,” said Prof Dr Al Quradaghi. “This course is not just about educating our students but also nurturing our growing talent in this very important and growing area of finance.”

The Peninsula