Palestine Islamic Bank takes part in the twenty-second AAOIFI Sharia Boards Conference
Palestine Islamic Bank (PIB) took part in the twenty-second AAOIFI Sharia Boards Conference held in Bahrain on April 28 and 29, 2024. The event included a number of discussions with senior Sharia scholars, policy makers, decision makers, and other Islamic finance experts.
PIB was represented by the Chairman of the Sharia Supervisory Board, Dr. Alaa Razia and member of the Sharia Supervisory Board, Dr. Ayman Jweleis, Assistant General Manager for Branches, Zayed Shqair, and Director of the Sharia Audit Unit, Faiq Saima. The conference was attended by representatives of Islamic banking and financial institutions and regulatory institutions from around the world, and regional and international figures.
Commenting on PIB’s participation in the conference, Dr. Imad Al-Sadi said that the bank focuses on actively participating in Islamic finance events and conferences every year, explaining that this conference addressed a number of vital issues and is one of the most important in the field.
Al-Sadi added: “Through our participation, we exchange experiences with regional and global Islamic finance institutions, in a way that contributes to the development and innovation of new services and products that meet the aspirations of our customers and their ever-changing needs. PIB’s participation in this conference attests to our active membership in all Islamic finance and banking institutions.”
In turn, Dr. Alaa Razia said that the conference discussed many important issues through its sessions, such as the impact of Sharia standards on the work of Islamic finance institutions, as well as Sharia issues related to the issuance of sukuks and other of Islamic finance topics of concern.
Razia added: "These issues are the hottest topic in Islamic finance now. Through the discussions, a scientific vision was presented to find effective solutions for the different challenges facing Islamic finance institutions."
PIB is driven by a mission to deliver modern, secure banking and investment solutions that adhere to Islamic Sharia principles. Backed by a robust cybersecurity framework, the bank is advancing a carefully crafted digital transformation strategy—culminating in the rollout of cutting-edge digital services that ensure the highest standards of customer data protection.