Istanbul Strengthens Role as Center for Islamic Economic Cooperation
During the summit, Abdullah Saleh Kamel, chairman of the AlBaraka Islamic Economics Forum Board of Trustees, stressed the importance of creating an effective framework that defines the role of capital within the Islamic economic system. He explained that such a structure contributes to broader societal goals by transforming capital into a tool for generating wealth while also supporting charitable and socially beneficial initiatives.
"Allow me here to commend the countries whose systems work to enable waqf, such as the Kingdom of Saudi Arabia, Türkiye, Malaysia, and others, and to call upon other countries to follow the example of these countries," Kamel said.
He further noted that the role of waqf institutions in development continues to expand in these nations, reflecting a longstanding civilizational tradition that has influenced societies around the world for centuries.
The summit also highlighted the importance of ethics in economic growth. Saleh bin Abdullah bin Humaid, an adviser at the Saudi Royal Court, a member of the Council of Senior Scholars, and imam of Al-Masjid Al-Haram, underscored the people-centered nature of Islamic economics. He emphasized that moral values and ethical principles should remain at the heart of economic progress and development.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
