AAOIFI 18th Annual Shari’ah Boards Conference set to be held on 25th and 26th October 2020 virtually

AAOIFI 18th Annual Shari’ah Boards Conference set to be held on 25th and 26th October 2020 virtually

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is pleased to announce the 18th Annual Shari’ah Boards Conference to be held virtually under the auspices of Central Bank of Bahrain on 8-9 Rabi Al-Awwal 1442H, 25-26 October 2020.

The annual conference is considered as one of the most important gathering 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. Due to several restrictions imposed by governments around the world due to COVID-19 pandemic and for the benefit of all, this year the conference will be held virtually.

The two-day conference will have keynote speeches in addition to four panel discussions with renowned Shari’ah scholars, leaders and experts in Islamic finance industry. The panel discussions will focus and deliberate on AAOIFI Shari’ah standard 36 “impact of contingent incidents on commitments” in the light of COVID-19, impact of adopting an alternative indicator to LIBOR for Islamic financial transactions, Shari’ah standard 59 “Sale of Debt” (Bay’al-Dain) and its impact on Islamic finance industry and the role of technology in the post COVID-19 world.

On this occasion, H.E. Shaikh Ebrahim Bin Khalifa Al Khalifa, the Chairman of AAOIFI Board of Trustees stated that “Shari’ah Board Conference organized by AAOIFI in collaboration with the Central Bank of Bahrain and other Islamic financial institutions has been playing an important role in guiding the Islamic finance industry globally for last 17 years, its role in providing clarification and guidance on key matters is more important during these globally challenging times. We are pleased to bring forth this important conference during these difficult times of COVID-19 pandemic with the support of key institutions and partners.”

The participants at the conference will include, Shari’ah scholars and senior representatives from central banks, regulatory authorities, financial institutions, accounting and auditing firms, legal firms, universities, higher learning institutions, and media, from around the world.

The last date for registration is 24th October 2020.

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