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Uncovering the Gatekeepers of Islamic Finance

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In this webinar, co-organised by MEI-NUS and the Centre for Islamic Economics and Finance, Hamad Bin Khalifa University (CIEF-HBKU), two industry experts will explore the sociological dimensions of Islamic finance and its institutions. The session seeks to introduce the audience to:

  1. The role(s) of Sharia supervisory boards (SSBs) in approving – or disapproving – financial products at Islamic financial institutions;
  • The religious, legal and business frameworks under which the SSBs operate;
  • The extent of legal and religious authority that SSBs have in making a resolution.

    • In that regard, some questions that will outline the discussion include:

    • How do SSBs at financial institutions wield authority and influence in approving (or disapproving) financial products?
  • What are the main similarities and differences between SSBs in Southeast Asia and the Middle East?
  • Is it true that SSBs in the Middle East are more stringent than those in Southeast Asia, as some Islamic finance insiders claim?
  • What are the socio-religious factors that could influence the fatwas (Islamic legal opinion) issued by an SSB on a particular financial product?

    • This public talk was conducted online via Zoom on Wednesday, 15 September 2021, from 4pm to 5.30pm (Singapore Time) / 11am–12:30pm (Doha, Qatar time).

    For more information about this event, click here: https://mei.nus.edu.sg/event/uncovering-the-gatekeepers-of-islamic-finance/

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