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UK's first Islamic Finance Question Time

IBB’s SSC consist of esteemed Sharia Scholars, Sheikh Dr Abdul Sattar Abu Ghuddah, Sheikh Nizam Muhammed Saleh Yaqoobi, and Mufti Abdul Qadir Barkatulla. The SSC welcomed questions from the public about Islamic Finance in order to facilitate a lively debate.  The aim of the event was to demystify Islamic finance and provide an insight into how it offers a faith-based alternative to conventional finance and banking. 

Commenting on the event, Chairman of the IBB SSC, Sheikh Dr Abdul Sattar Abu Ghuddah said, “Islamic finance is as old as the religion of Islam itself.  However, there is still a lot of misunderstanding around how it works and the need for Muslims to manage their finances in Sharia compliant manner.  The IBB SSC hopes the Islamic Finance Question Time event has shed some light on the matter and gone some way to encouraging the further take-up of Sharia Finance amongst the Muslim community.”

 

Samir Alamad, Senior Manager, Sharia Compliance at IBB who works closely with the IBB SSC on a day to day basis, also commented, “The feedback from attendees of Islamic Finance Question Time has been very positive.  The public welcomed the opportunity to engage with the IBB SSC so openly.  The event is the first time a UK Islamic bank has given open access to its SSC, and this reflects the open and transparent way the Bank works with its customers.”

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