4th Conference of Islamic Banks and Financial Institutions kicks off in Damascus

4th Conference of Islamic Banks and Financial Institutions kicks off in Damascus 4th Conference of Islamic Banks and Financial Institutions kicks off in Damascus

The 4th Conference of Islamic Banks and Financial Institutions kicked off Monday in Syrian capital Damascus under the theme "Islamic Banking Investment Opportunities and Competition Challenges."

The two-day conference is expected to address challenges facing the Islamic financial industry in light of the recent global financial crisis which is considered a good opportunity to give a push for the Islamic banking system.

The conference will also tackle the issues of liquidity management, financing companies and individuals, solidarity, insurance, products standards, regulations on e-banking operations, features of the Syrian Islamic banking market, according to a statement published in the official website of Al Salam for International Conferences and Exhibitions.

800 participants from 20 Arab and non-Arab countries, including presidents of central, Islamic, investment and commercial banks along with businessmen and investors, attend the conference.

Governor of the Central Bank of Syria Adeeb Miyalah said during the opening session of the conference that efforts are on foot to establish a fair banking system that is based on the Islamic Sharia.

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