The president of Hamad Bin Khalifa University Dr. Ahmad M. Hasnah, participated in the 12th International Conference on Islamic Economics and Finance.

The conference was hosted online by the Halkali Campus of Turkey’s Istanbul Sabahattin Zaim University, from June 14- 20 June.

His Excellency Mr. Recep Tayyip Erdogan, president of the Republic of Turkey, delivered the opening address of the conference, which contributed to a better understanding and interpretation of Islamic finance in the context of the theme ‘Sustainable Development for the Real Economy’.

Speaking during the opening panel, Dr. Hasnah said: “In 2020, the world economy witnessed unprecedented circumstances due to the Coronavirus (COVID-19) outbreak, which has affected all countries across the globe. The pandemic was accompanied by multiple crises, which demonstrated that the current way of managing the global economy still lacks many ethical, social, and economic values, especially in times of crisis management.”

In light of these situations, he addressed that it has become increasingly important to employ the principles of Islamic finance and utilize its institutions to formulate policies and manage the economy and businesses.

 Dr. Hasnah mentioned that this requires close cooperation between educational and governmental institutions and the private sector to launch forward-thinking and long-term economic strategies and create diversified, secure, and reliable development plans.

A number of key figures in the world of Islamic economics and finance, including Turkey’s Treasury and Finance Minister, Berat Albayrak, and Pakistan’s Economy Minister, Abdul Hafeez Shaikh also participated in the conference. 

Islamic money and capital markets in Turkey, entrepreneurship, global financial architecture, the digital economy, the non-profit sector, the Fourth Industrial Revolution, and sustainable development were discussed during the conference.

More than 130 policymakers, academics, and researchers from over 30 countries presented their papers via videoconferencing, which attracted at least 5,000 online participants from across the globe. 

A number of HBKU faculty also participated and presented papers at this conference. 

For any queries, or concerns related to COVID-19 in Qatar, the public can contact a 24/7 hotline set up by the Ministry. The hotline number is 16000 and is toll-free.

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Source and cover image credit: Hamad Bin Khalifa University