Islamic banking moot seeks global forum to help Muslims

Moot approves suggestion that an international forum comprising various scholars be set up to establish an Islamic banking system. ─ File photo
Moot approves suggestion that an international forum comprising various scholars be set up to establish an Islamic banking system. ─ File photo

LAHORE: The World Islamic Banking and Finance Conference has agreed to establish an international forum to find solutions to banking, finance and sociopolitical issues being faced by the Muslims.

The two-day moot, organised by Minhajul Quran which ended here on Sunday, approved a suggestion by Minhaj deputy chief Hussain Mohyuddin that there should be an international forum comprising scholars from various countries for establishing an Islamic banking system as well as finding solutions to social and political issues being faced by the Muslims across the globe.

The forum members would also play their role in enhancing inter-Muslim states economic activities and helping each other through transfer of technology in agriculture and industrial sectors.

Islamic economic experts from the US, Australia, Saudi Arabia, Britain, the Netherlands, Malaysia and Uzbekistan participated in the conference.

Dr Hussain also announced official launch of Minhaj Halal Certification Bureau for offering courses in halal businesses to help strengthen global food industry, while his book titled Business Ethics in Islam was also launched on the occasion.

The conference ended with adoption of a declaration which stated that such activities may be undertaken that may promote economic intelligence, advocacy and literacy in the Muslim countries and communities world over.

It also called for promoting Sustainable Development Goals on the pattern of the United Nations Development Programme in relevance to the economics needs of the Muslim communities, and promoting academic and policy oriented research consistent with the teachings of Islam.

It underscored the need for developing a comprehensive agenda for Muslim countries and communities covering all social and economic aspects.

http://www.dawn.com/news/1455912/special-persons-jobs-driving-licences-centre-provinces-asked-to-find-ways-for-implementation

Published in Dawn, January 7th, 2019

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Rampant lawlessness
Updated 25 Jul, 2026

Rampant lawlessness

THE brutal slaying of a judge and his guard in Mastung is the latest in a series of blood-drenched events that have...
Daily fuel pricing
25 Jul, 2026

Daily fuel pricing

THE government’s move to daily petroleum price adjustments should make fuel pricing more transparent and more...
The drug problem
25 Jul, 2026

The drug problem

WHILE Islamabad Police chase low-level peddlers, the capital’s kingpins have quietly taken their operations ...
A new chokepoint
Updated 24 Jul, 2026

A new chokepoint

WITH free transit of vessels through the Strait of Hormuz blocked due to the US-Iran conflict, a new chokepoint has...
Improved rating
24 Jul, 2026

Improved rating

S&P GLOBAL’S decision to upgrade Pakistan’s long-term sovereign credit rating to ‘B’ with a stable...
More firetraps
24 Jul, 2026

More firetraps

WHILE it was already apparent that death traps dot Karachi, a safety audit by the Sindh government has thrown up...