Al Baraka Symposium Stresses Role Of Righteousness, Benevolence In Islamic Economy
KUALA LUMPUR, Feb 11 (Bernama) -- The 46th Al Baraka Symposium, organised by global think tank AlBaraka Forum for Islamic Economy, in Madinah, Saudi Arabia, from Feb 9 to 11, highlighted the importance of righteousness and benevolence in Islamic economy.
Chairman of the Board of Trustees of AlBaraka Forum for Islamic Economy Abdullah Saleh Kamel, in his opening address, affirmed that righteousness and benevolence constitute the largest sector within the Islamic economic system.
“He stressed that achieving genuine and balanced development cannot be realised without recognising this sector as a core economic pillar, rather than merely a complementary charitable activity,” according to a statement by the organiser.
Kamel said this year’s symposium theme, “The Righteousness and Benevolence in Islamic Economy: The Future Forward” was selected to reflect a forward-looking vision for the future of Islamic economics.
He emphasised that the coming phase requires advancing integrated pathways that include the economy of righteousness and benevolence, activating the role of capital, and upholding ethics and values as the fundamental foundation of the Islamic economy.
Kamel added that these three pathways collectively form the basis for shaping the future of Islamic economics, alongside the continued development of key instruments that have emerged over the past 50 years, such as sukuk and takaful insurance, as well as the optimal use of modern financial technologies to enhance impact and sustainability.
He also underscored the importance of empowering the non-profit sector, noting that the Saudi experience in this field represents an inspiring national model with strong potential for global replication, contributing to sustainable development and maximising social impact.
The opening ceremony at the Prince Mugrin bin Abdulaziz University on Monday was patronised by the Prince of the Madinah region, Prince Salman bin Sultan bin Abdulaziz.
AlBaraka Forum for Islamic Economy is an independent, non-profit, global think tank, specialising in Islamic economy.
It seeks to enrich the research resources and serve the knowledge structure of the Islamic economy, as well as to build partnerships and alliances with regional and international entities to foresee contemporary economic challenges and developments.
-- BERNAMA
