المملكة: Experts from 18 countries discuss the role of the charitable sector in the Islamic economy

Tomorrow, Monday, the forty-sixth session of the Prince Mugrin bin Abdulaziz University – female section – in Medina, with the participation of an elite group of excellencies, financial thought leaders, scholars, decision makers, and representatives of financial and development institutions from 18 countries around the world, in an intellectual and economic gathering considered one of the largest in the region.

The symposium will be hosted by Prince Mugrin bin Abdulaziz University as the host partner, and in partnership with Al Baraka Group as a global partner, in addition to a partnership Media with the Iqraa platform, which reflects the integration of roles between intellectual, academic and media institutions in supporting issues of the Islamic economy and enhancing its global presence.

Contemporary Economic Issues

The Al Baraka Islamic Economics Symposium is one of the most prominent global platforms specialized in the Islamic economy, and one of the most prestigious intellectual platforms that have contributed, over more than four decades, to developing its intellectual and applied system, and promoting constructive dialogue between scholars, experts and decision makers on contemporary economic issues, from an Islamic perspective that balances values. Ethical and economic efficiency.

In its forty-sixth session, the symposium will address six main sessions and more than 20 scientific and applied topics, focusing on highlighting the pivotal role of the charitable and charitable sector in the Islamic economy, as an effective economic sector that contributes to achieving development, enhancing social stability, and supporting economic justice, through its authentic tools, most notably zakat, endowment, alms, good loans, and volunteering.

He stressed Abdullah Saleh Kamel, Chairman of the Board of Trustees of the Al Baraka Forum for Islamic Economics, said that the Al Baraka Symposium represents an extension of a well-established intellectual vision founded by Sheikh Saleh Abdullah Kamel – may God have mercy on him – the pioneer of Islamic economics and founder of the Al Baraka Forum, who believed that the Islamic economy is an integrated civilizational project based on values, measured by impact, and aims to serve humanity and achieve sustainable development.

He explained that the forty-sixth session constitutes a pivotal stage in the symposium’s journey, by focusing on the charitable and charitable sector as an authentic economic and developmental tributary in the Islamic economic system, and capable of contributing to confronting contemporary economic and social challenges, stressing the importance of investing in innovation and youth as two pillars of the future of this economy.

Achieving sustainable development

For his part, Youssef Khalawi, Secretary General of the Al Baraka Islamic Economics Forum, explained that the Al Baraka Forum for the Islamic Economy It is considered a global intellectual institution specialized in the Islamic economy, which has contributed over decades to developing its tools and linking scientific roots to practical application, through intellectual platforms and international scientific initiatives.

He added that the theme of this year’s symposium reflects a strategic direction to re-read this sector as an authentic economic component in the Islamic economic system, and not just a complementary activity, noting that the symposium seeks to highlight its role in achieving sustainable development, maximizing social impact, and enabling the non-profit sector to Effective contribution to national economies.

The symposium discusses ways to develop tools of righteousness and charity and link them to financial innovation, and enhance the role of Islamic banks and financial institutions in employing them within economic models compatible with Sharia, in a way that supports economic sustainability and enhances integration between the financial and non-profit sectors.

The symposium also pays special attention to supporting innovation, empowering youth, and promoting social entrepreneurship within the framework of the Islamic economy, by highlighting the role of modern technologies and innovative financing in expanding the impact of charitable work. Development, and transforming social initiatives into sustainable economic projects.

The symposium includes two specialized scientific lectures, in addition to four applied workshops, aiming to build institutional capacities, link theoretical knowledge with practical application, and develop the competencies of workers in the fields of Islamic economics and finance.

Supporting scientific research and building young competencies

Within the framework of supporting scientific research and building young competencies, the symposium includes an interactive scientific session entitled “Bridges of Research and Application,” held under the auspices of the Saleh Kamel Award for Islamic Economics, and aims to link academic research with application. Practical, and enabling young researchers to present their research to a group of academics and experts, and receive scientific feedback that contributes to developing their work and enhancing its applied impact.

Al Baraka Islamic Economics Forum also sponsors a grant to host young researchers – third edition for the year 2026, which is one of the programs accompanying the symposium, and aims to enable young researchers to attend its activities, participate in scientific dialogue, and build knowledge and professional relationships that contribute to preparing a new generation that will continue developing the Islamic economy and spreading its culture.

The Al Baraka Islamic Economy Symposium, in its forty-sixth session, in Medina, confirms its continued pioneering role in reshaping the future of the Islamic economy, consolidating the position of the charitable and charitable sector as one of its basic pillars, investing in people, empowering youth, and supporting innovation, in order to achieve a sustainable economic and social impact.

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