Al Baraka Group Sponsors the First Al Baraka Summit in Istanbul

Press release

Published May 24th, 2024 - 12:41 GMT

AlBaraka Islamic Bank

Kuwait: Following its global sponsorship of the Al Baraka Symposium in Medina and Al Baraka Summit in London, Al Baraka Group (ABG) announced its sponsoring for Al Baraka Summit taking place in Istanbul for the first time since the Summit launch in 1981. The prestigious Summit will be held under the patronage and presence of H.E. Mr. Recep Tayyip Erdoğan, the President of The Republic of Türkiye.

The two-day event will take place at the Istanbul Lütfi Kırdar International Convention and Exhibition Centre, from Friday, 24 May 2024 at the Anadolu Auditorium to Saturday, 25 May 2024 at the Marmara Hall. With the support of Al Baraka Türk, the Summit will focus on “Global Prospects for Islamic Economics: Fundamentals and Needs”, delving into five major topics including history, trends, ethical principles, challenges and opportunities in Islamic economics.

The Summit serves as a knowledge sharing platform for leaders in the Islamic banking and finance industry to exchange ideas, understand the latest technologies and provide opportunities to build global partnerships. The panel discussions and workshops to be held throughout the event will also enable attendees to improve their skills and expand their knowledge in Islamic economics and finance.
On the occasion, Mr. Houssem Ben Haj Amor, Group CEO of Al Baraka Group, said: “We are pleased to be sponsoring the first Al Baraka Summit in Istanbul as part of our longstanding commitment to the values set by our late founder Shaikh Saleh Kamel, and his vision for establishing collaborations between Islamic finance institutions.

Through this summit, we aim to highlight the importance of Islamic finance and enhance its global presence, in addition to setting the foundation for its prosperity and success. We also hope to utilise our expertise in the field to contribute to further growth in the Islamic finance industry.”

Since 1981, the Al Baraka Islamic Economics Symposium has played a significant role in advancing Islamic economic practices from both a jurisprudential and technical perspective. The Symposium features presentations and discussions on emerging economic and Sharia issues led by renowned Islamic scholars and jurists, alongside extensive participation from international experts in finance, business, economics, and Islamic finance.

Background Information

AlBaraka Islamic Bank

Al Baraka Islamic Bank (“AIB” or “the Bank”) is one of leading financial institutions in the Islamic banking sector. Throughout its history of more than three decades (since its establishment in 1984), the Bank has played a prominent role in building the infrastructure of the Islamic finance industry. The Bank also played a significant role in promoting the Islamic finance industry and publicizing its merits. The Bank enjoys a good reputation and high standing with the community in the Kingdom of Bahrain in particular, and in the GCC, Arab and Islamic worlds in general.