Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait - Lenders urged to maintain optimal Islamic behaviour   Join our daily free Newsletter

MENAFN - Arab Times - 20/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Kuwait Finance House (KFH), represented by the General Counsel Dr Anwar Al-Fuzaie, and the Executive Manager Shariaa Control Advisory Dr Adnan Al-Mola, has participated in the fourth workshop of Kuwait Center for Islamic Economy, with the presence of prestigious legal and economic figures. The workshop that aims at enhancing economic thought by linking among shariaa, economy and law in an integrated way, discussed important topics, of which Sharia Control Quality between Islamic Banks and Banks Converted to Islamic, and the Control Responsibilities in the Professional Ethics



Al-Fuzaie submitted, in the fifth session of the workshop, a thesis about the control's responsibilities in both professionalism and ethics where he explained that Fatwa and Sharia Control entities shouldn't be limited to sharia control tasks of the financial actions that the Islamic financial institutions ink, but rather they should shoulder the responsibility of maintaining the optimal Islamic behavior in corporations commensurate with the honor of Islamic banking, especially in the fields of advertising and social activities. Moreover he underlined the role Sharia Control entities play in contributing in mentoring financial institutions giving the Islamic economy an honorable image



Ethica

In addition, he aid that when financial institutions follow the Islamic example, they insure the social responsibility and the ethical role in supporting science and scientists, helping the needy, developing the society and protecting the environment through Zakat, and charities. Meanwhile, Al-Mola tackled during the session the topic of shariaa control at Islamic banks and financial institutions, models and practices. He noted in his thesis that Fatwa and Shariaa Control is one of the most important administrations in the organizational structures at Islamic banks and financial institutions. He added that its mission represents the strategic depth and the distinguished characteristic of Islamic banking and businesses




Al-Mola explained that Shariaa Control provides consultancies to all sectors and departments of the bank concerning developing shariaa-compliant products and services, not to mention it provides training courses for all employees in coordination with the bank's training and development activity. He highlighted also the role it plays in raising awareness among employees through awareness programs and making sure they are well educated in Islamic banking matters by Fatwa e-mail to employees along with periodical measurement of their sharia understanding level in coordination with the relevant departments




 


Arab Times




  MENA News Headlines
 Aug 29 2016 - Learningonline.xyz Supports UN Global Goals for Quality Education with its Online TESOL Program for Language TeachersMENAFN Press
(MENAFN Press) Learningonline.xyz Supports UN Global Goals for Quality Education with its Online TESOL Program for Language Teachers The Global Goals for Quality Education are vital for the ...

 Aug 29 2016 - UN's Ban Ki Moon urged to listen to Northern Provincial Council leaders & not to Colombo based MP's: Tamils for ObamaMENAFN Press
(MENAFN Press) UN's Ban Ki Moon urged to listen to Northern Provincial Council leaders & not to Colombo based MP's: Tamils for Obama NEW YORK, USA, August 29, 2016 /EINPresswire.com/ -- Tamils ...

 Aug 29 2016 - Industrial Robotic Software Market - Structure, Size, Trends, Analysis and Outlook 2016-2022MENAFN Press
(MENAFN Press) Industrial Robotic Software Market - Structure, Size, Trends, Analysis and Outlook 2016-2022 Robotic software is an important component of industrial robotic system and plays a core ...

 Aug 29 2016 - Sonbranch Music Releases Restored, Delivering Music of Healing and Comfort to Those Who Are HurtingMENAFN Press
(MENAFN Press) Sonbranch Music Releases Restored, Delivering Music of Healing and Comfort to Those Who Are Hurting ORANGE COUNTY, CA, UNITED STATES, August 28, 2016 /EINPresswire.com/ -- Sonbranch ...

 Aug 29 2016 - Indagem Tech Launches Indiegogo Campaign to Fund Mobile Security Lost-Item Tracker SystemMENAFN Press
(MENAFN Press) Indagem Tech Launches Indiegogo Campaign to Fund Mobile Security Lost-Item Tracker System UMS HomeShield Monitoring anything UMS HomeShield Track anything UMS HomeShield Smart ...

 Aug 29 2016 - Wearable IoT World showcases new startups at Hong Kong's First U.S.-Pan Asia IoT Superhighway Demo DayMENAFN Press
(MENAFN Press) Wearable IoT World showcases new startups at Hong Kong's First U.S.-Pan Asia IoT Superhighway Demo Day Wearable IoT World";s First U.S.-Pan Asia IoT Superhighway accelerator program ...

 Aug 29 2016 - Global Assembly Robots Market - Structure, Size, Trends, Analysis and Outlook 2016-2022MENAFN Press
(MENAFN Press) Global Assembly Robots Market - Structure, Size, Trends, Analysis and Outlook 2016-2022 Industrial assembly robotics represents an important application segment among all the ...

 Aug 29 2016 - Articulated Industrial Robots Market : Global Industry 2016-2021MENAFN Press
(MENAFN Press) Articulated Industrial Robots Market : Global Industry 2016-2021 Both the unit shipment and the sales revenue of articulated robots are forecast to grow at two-digit CAGRs throughout ...

 Aug 29 2016 - Global Intelligent Solar Market 2016Analysis and Forecast to 2021MENAFN Press
(MENAFN Press) Global Intelligent Solar Market 2016Analysis and Forecast to 2021 Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, ...

 Aug 29 2016 - Global Amazon.com Market 2016 Share, Trend, Segmentation and ForecastMENAFN Press
(MENAFN Press) Global Amazon.com Market 2016 Share, Trend, Segmentation and Forecast Global Amazon.com Market 2016 Analysis and Forecast PUNE, INDIA, August 29, 2016 /EINPresswire.com/ -- - The ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help