AlBraka Islamic Economics Symposium is one of the most important and renowned initiatives of AlBaraka Forum for Islamic Economy. It was established in 1981, embarking on a long-standing journey of intellectual contribution aimed at serving and enriching the knowledge infrastructure of Islamic economics.
Since its inception, the Symposium has served as a scholarly and economic forum, representing a cornerstone in the development of Islamic economic practice from both jurisprudential and technical perspectives. It has been held regularly during the holy month of Ramadan each year, during which a range of contemporary economic issues, or issues with economic dimensions, are presented for discussion and deliberation from both Shariah and technical viewpoints. These discussions are conducted by a distinguished group of leading scholars and jurists of regional and international repute, alongside experts in finance, business, economics, and Islamic finance. The ultimate objective is to arrive at fatwas and recommendations that enrich Islamic economic practice across its various fields and offer effective solutions to the challenges it faces.
Seeking appropriate solutions to economic problems, derived from the two sources of revelation and objectives (maqasid) of Sharia, while encouraging scientific research in Islamic economics.
To promote a comprehensive understanding of Islamic economics that contributes to sustainable growth and employment within human societies.
To establish sound Islamic jurisprudential foundations for contemporary life in its economic dimension.
To provide an authoritative scientific reference for academic research, the work of Shariah boards and committees, and the issuance of fatwas.
To contribute to the development of ethical financial products that meet both technical and Shariah requirements.
Over more than four decades, the fatwas and recommendations issued by AlBraka Islamic Economics Symposium have become a fundamental scholarly reference and a rich knowledge base that supports academic research and informs fatwas issued by Shariah boards of Islamic banks and financial institutions, as well as by fiqh academies and various organizations worldwide. Many decisions and recommendations of Shariah boards, fiqh academies, and institutions across the globe rely on this substantial body of fatwas, recommendations, and research produced by the Symposium.
