The 24th session of the International Islamic Fiqh Academy Conference 2019 commences in Dubai
Dubai, 04 November 2019: The 24th session of the International Islamic Fiqh Academy Conference held under the patronage of H.H. Sheikh Mohammed bin Rashid Al Maktoum, vice President and Prime Minister of the UAE and Ruler of Dubai commenced today in the Intercontinental Hotel, Festival City, Dubai.
The International Islamic Fiqh Academy is a scientific subsidiary body of the Organization of Islamic Cooperation (OIC) and is assigned to clarify the legal concern of Muslims, based on the Holy Quran and the Sunnah of the Prophet (Peace Be Upon Him).
H.E. Sultan Al Mansoori, Minister of Economy and Chairman of the Dubai Islamic Economy Development Centre (DIEDC), H.E. Dr. Hamad Bin Al Shaikh Ahmed Al Shaibani, Director General of the Islamic Affairs and Charitable Activities Department in Dubai (IACAD), Dr. Abdulsalam Al-Abbadi Secretary General of the International Islamic Fiqh Academy (IIFA), H.E. Dr. Saleh Bin Abdullah Bin Humaid, President of the IIFA, H.E. Dr. Yousef bin Ahmad Al-Othaimeen Secretary-General of the Organisation of Islamic Cooperation (OIC), along with a group of scientists, researchers, opinion leaders, thinkers and experts from the Arab and Islamic world were present at the opening session.
First on stage, H.E. Sultan Al Mansoori welcomed the attendees to their second country the UAE, and praised the nation’s efforts to keep pace with the developments of modern life guided by the teachings of the tolerant faith of Islam. H.E. stressed the importance of the Islamic economy and developing it as a decisive and influential factor in most of the issues facing the Islamic world, highlighting that ethical economic solutions to these issues are available between the folds of the Holy Quran and the Sunnah.
H.E. spoke about the rapid growth of the Islamic economy in the world, the growing impact and size of the Islamic finance sector and the spread of Islamic banks. H.E. also noted that Islamic finance is attracting new countries from East Africa and Central Asia. H.E also pointed to the continued contribution of the local Islamic economy to the GDP of Dubai and the UAE, as well as in achieving significant growth rates in the implementation of the vision and directions of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which sets to establish Dubai as the global capital of the Islamic economy, with an attractive working environment that is friendly to business and investors.
H.E. also stressed the importance of preparing for the next stage of growth and expansion of the Islamic economy in the region and the world, and the need to work to unify the legislative and knowledge references of the peaceful economy through cooperation between senior Islamic scholars present in this important event, and attention to the development of the legislative and legal environment of the Islamic economy as a safe haven for sustainable growth.
During his speech, H.E. Dr. Hamad Bin Al Shaikh Ahmed Al Shaibani noted that it is a great honour for Dubai to be hosting the 24th session of the IOC’s International Fiqh Academy Conference 2019, which coincides with the Golden Jubilee of the OIC.
H.E. offered his warmest wishes to this global Islamic body, which has consistently provided assistance and support to Islamic and Arab nations in international Forums. H.E. noted that the organization has actively contributed to the resolution of issues between Islamic countries, and has contributed to their cultural, social, and economic renaissance; the organization’s importance in clarifying contemporary jurisprudential provisions for Muslims cannot be understated.
H.E. continued by thanking H.H. Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, for his support to scientists and activities like these, H.H. Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, for his patronage of this conference, as well as H.H. Sheikh Hamdan Bin Mohammad Crown Prince of Dubai and President of the Dubai Islamic Economy Development Centre for supporting initiatives that benefit humanity and develop the Islamic economy.
In his speech, HE Dr. Abdul Salam Al-Abadi thanked the UAE and the Government of Dubai for hosting, welcoming and honouring the Academy, its members and experts. H.E. mentioned the most notable topics that will be discussed during the conference, such as smart contracts, FIDIC contracts, inflation and change in the value of currencies, tolerance in Islam, food and water security, the human genome and future bioengineering and Industry 4.0.
In turn, H.E. Dr. Saleh Bin Abdullah Bin Humaid, praised the audience for accepting the invitation, which strengthens jurisprudence and supports collective diligence. H.E. noted that the Academy has always been studying different updates and novelties and did their due diligence depending on the Holy Quran and Sunnah, by always using moderation as their methodology between scholars in the Islamic world, and countries with minorities.
H.E. Dr. Yousef bin Ahmad Al-Othaimeen stressed the importance of the International Islamic Fiqh Academy as it came out of a dire need of uniting Muslims and bringing their doctrinal and intellectual approaches towards achieving unity politically, economically and socially. H.E. noted that the Academy also came to be out of the need of protecting Muslims from extremism and promoting moderation.
At the end of the opening ceremony, H.E. Dr. Saleh Bin Abdullah Bin Humaid presented an award to H.E. Sultan bin Saeed Al Mansouri, on behalf of UAE Vice President, Prime Minister and Ruler of Dubai H.H. Sheikh Mohammed bin Rashid Al Maktoum. The President of the International Islamic Fiqh Academy honoured H.E. Dr. Hamad bin Sheikh Ahmad Al-Shaibani in recognition of his efforts in hosting the 24th session of the Academy Conference.
The first day of the conference will witness three sessions dealing with the issue of smart contracts and ways of activating and terminating them, and inflation and change in value of currencies, in light of the rapid developments witnessed in the jurisprudence of transactions and the acceleration of scientific and technological developments, and in light of the severe effects of monetary inflation.
The 24th edition of the International Islamic Fiqh Academy Conference will be held from 4 to 6 November at the Intercontinental Hotel – Dubai Festival Center with the participation of 137 participants including 37 delegates of the Academy, 10 participants from the relevant members, 50 experts, 8 female experts, and 30 VIP participants, in addition to professors, specialists, and students with relevant concentrations.