Al Baraka Group (“the Group”) and its banking unit in Turkey and Egypt, Al Baraka Turk Participation Bank and Al Baraka Bank Egypt announced their bronze 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 demonstrate the Group’s strong commitment to supporting the initiatives organized by AAOIFI as a leading institution in developing Islamic financial accounting and auditing standards and keeping pace with emerging global requirements, which enhances the position of the Islamic banking industry regionally and globally
The two-day conference will feature keynote addresses from distinguished dignitaries and policymakers, signing of the Memoranda of Understandings, 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.
