Al Baraka Group sponsor of second Al Baraka Summit in London

TDT | Manama    

The Daily Tribune – www.newsofbahrain.com

Al Baraka Group was the Strategic Sponsor of the 2nd Al Baraka Summit held at JW Marriott Grosvenor House, in London from October 28 to 29, 2023.

The event was held under the theme “ Islamic Economy in The United Kingdom: Reality and Opportunities”.

This year’s edition brought together policymakers, industry leaders, specialists, and scholars who shared their valuable insights and innovative ideas, contributing to the shaping of the unprecedented future of the Islamic economy.

The purpose of the summit is to revive the understanding of the Islamic economy in the United Kingdom.

The first day covered diverse aspects of the Islamic economy and finance.

These sessions included discussions on the Emergence of Islamic Finance and Banking, The Legacy of Islamic Economy, Islamic Investment Solutions, Islamic Banking Sector’s role in Sustainability and Fulfilling Societal Responsibility, and The Islamic Non-Profit Organisations in the UK.

On the second day, a professional workshop titled “The Executive Program for the Effective Regulation and Supervision of Takaful Institutions” was held in collaboration with the Islamic Financial Services Board (IFSB.

According to Saleh Kamel Islamic Economy Database, the UK is a leading centre for Islamic finance in the Western world.

It has five Islamic banks, which account for about 30% of the total Islamic banks in Europe.