‘World Is Moving Towards System Of Allah’

News Desk

Islamabad: Speakers at a conference opined that the traditional financial systems have failed so the world is moving towards another system which is the system of Allah, and for this, we must work together.

Speaking at a three-day international conference on ‘Advancing Islamic Finance’ at Allama Iqbal Open University (AIOU), Jamia Darul Uloom Karachi Dr Mufti Zubair Usmani said that the subject of Islamic finance has now spread all over the world, and that scientific and practical work is being done globally.

In this regard, the conference presented 10 recommendations, including organising conferences on Islamic finance regularly, collaborating with national and international institutions for the promotion of Islamic finance, and designing courses and degree programs in Islamic finance.

AIOU Faculty of Arabic and Islamic Studies Dean Prof Mohyuddin Hashmi announced the approval of two recommendations: the conference on Islamic Finance will be organised annually at AIOU and the Islamabad Journal of Islamic Finance will be published before next year’s conference.

Dr Hashmi also announced that an international conference on Arabic would be held in December on World Arabic Day.

Jamia Muhammadi Sharif Chiniot Sahibzada Muhammad Qamarul Haq stated that holding a conference on Islamic finance has lit the lamp of hope for the betterment of the Islamic finance system.