Mohammed Kateeb took part as guest panelist in AAOIFI’s Islamic Finance Virtual Forum
AAOIFI successfully concluded on 13 May its first Global Islamic Finance Virtual Forum on ‘COVID-19 Economic Implications, Islamic Finance and the Way Forward’ in collaboration with the Islamic Research and Training Institute (IRTI), College of Banking and Financial Studies (CBFS), and Minhaj University.
The forum, which was organized over three sessions and attended by more than 1,200 people from around 40 countries globally by live streaming on multiple online channels, was graced with the presence of Mohammed Kateeb, the Group Chairman & CEO of Path Solutions, who during a session entitled “The role of Fintech solutions in crisscrossing the unchartered waters” reemphasized the role of Islamic finance via technology to achieve global reach in the financial sector, and smart financial inclusion as a powerful catalyst for development and fostering participation of the most vulnerable in society in the age of COVID-19 economy.
Other distinguished speakers spoke about the sense of opportunity for Islamic finance in taking advantage of the current global situation to reiterate the relevance of its principles to overcome the impact of the coronavirus pandemic. Notable speakers advised Islamic financial institutions to be empathetic in these difficult times and work out optimum solutions with their customer base in line with the Sharia guidelines, in addition to form a joint fund to tackle the pandemic severe socio-economic consequences. The subject came in response to the idea that economic shocks accelerate innovation and when the curve flattens, the role of Islamic finance will become more relevant and more evident.
Further details on AAOIFI’s first Islamic Finance Virtual Forum are found here https://aaoifi.com/43662-2/?lang=en