Saudi Central Bank workshop on Islamic Finance stresses on research, development

SourceSaudi Gazette
SectorFinancial Services
CountrySaudi Arabia

RIYADH — Deputy Governor of the Saudi Central Bank (SAMA) for Research and International Affairs Dr. Fahad Bin Abdullah Al-Dossari opened SAMA’s second virtual workshop on Islamic Finance for 2021 on Thursday (June 3), under the title “The Contribution of Research and Development in the Islamic Finance Industry.” A number of participants including industry experts and those interested in the sector attended the workshop. The quarterly workshop focuses on Islamic Finance sponsored by SAMA, aimed at discussing current topics concerning the sector.

In his welcoming remarks, the deputy governor highlighted the importance of qualitative developments in the industry, most notably research and development as being a strategic pillar that assesses the developments and challenges for the industry with a forward looking approach to launching innovative products for future economic growth and financial stability. He also touched on the most prominent qualitative developments taking place in the Islamic financial industry in Saudi Arabia, including the joint Islamic Finance more...