Report of The fifth Islamic financial conference
Saturday, 18 July 2020 18:13 Islamic financial conference islamic finance 39
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the fifth Islamic financial conference was organized by the Islamic Financial Association on Sunday, December 1st, 2019 with the presence of a group of financial market activists and those interested in Islamic financial topics at Al-Zahra University

The fifth Islamic financial conference was organized by the Islamic Financial Association on Sunday, December 1st, 2019 with the presence of a group of financial market activists and those interested in Islamic financial topics at Al-Zahra University

Lecture by Dr. Salehabadi, President of the Islamic Financial Association of Iran

Dr. Salehabadi, as the President of the Islamic Financial Association of Iran and the first speaker of the ceremony, while thanking all those who have worked for the growth and development of the Association during this period, expressed some of the achievements of the Association.

He added: "The website of the Islamic Financial Association is one of the most successful websites among the associations in the Iran, because we are moving forward in the field of scientific authority and we are constantly trying to improve its activities in the field of Islamic finance. We have held more than thirty meetings in the field of Islamic finance and have published sixteen issues of the Quarterly Journal of Islamic Financial Research. One of our most important tasks is to design and implement MBA and DBA courses in Islamic Finance and Banking in collaboration with the Securities and Exchange Organization, Imam Sadegh (AS) University and the Redmoney Institute of Malaysia. Another course that we are considering this year is portfolio management, in which 15 students have enrolled in this course. Cooperation with the Securities and Exchange Organization in holding Islamic capital market courses also continues. Supporting Islamic financial books has also been one of our actions in recent years. Our other programs in the coming years include holding Islamic banking courses, training workshops in the field of banking, insurance and stock exchange, and continuing to hold meetings and training courses in the field of Islamic banking and finance".

Lecture by Hojjatoleslam and Muslims Dr. Mesbahi Moghaddam, Member of the Expediency Discernment Council

Dr. Mesbahi Moghaddam, as the next speaker, while thanking Dr. Salehabadi for his efforts, especially during the presidency of the Securities and Exchange Organization and the establishment of the jurisprudential committee of the organization, spoke about the Islamic financial instruments that are common in our country. He added: " Our financial market has deepened as a result of the actions of the jurisprudential committee, and it is an honor for the Islamic Republic to have people from the markets of different countries attend our courses and say that this is the best course we have had." He pointed out that the jurisprudential committee of the Securities and Exchange Organization was a model for the jurisprudential council of the Central Bank and Now the jurisprudential council is one of the pillars of the central bank.

Lecture by Dr. Shapoor Mohammadi, Head of the Securities and Exchange Organization

Dr. Shapoor Mohammadi while appreciating the efforts of the members of the jurisprudential committee of the Securities and Exchange Organization said: Unfortunately, in some Islamic countries, Islamic financial instruments have been superficial and we have to accept this superficiality. He added:Today, except for one or two instruments, we have all Islamic financial instruments in the Iranian capital market. There are currently 120,000 billion Tomans of securities in the market and the central bank should be able to use this situation to control the amount of money. The central bank has not yet had open market operations, but with the opportunities created in the capital market, this is now possible for the central bank. Also in terms of compliance with the Shari'a, all these instrument have been approved.

He said: Our market size can be greatly expanded with Islamic financial instruments. Britain, a Western country, claims Islamic financial instruments; Why don't we, as an Islamic country, claim?

God willing, in the future, both in the money market and in the capital market, the issue of Islamic instrument will be well pursued.

Lecture by Dr. Musa Bozorgi Asl, CEO of the Auditing Organization

The next speaker at the ceremony was Dr. Musa Bozorgi, CEO of the Auditing Organization. Which stated in relation to Islamic accounting and Islamic auditing.

Awarding Islamic financial awards, the best book and the best Islamic financial research

In the fifth Islamic financial conference, Islamic financial awards in the real and legal sections, the best book, the best master's dissertation and Phd thesis were awarded to the winners.

In this conference, the fourth Islamic Financial Award in the field of real persons was awarded to Dr. Ali Salehabadi, a member of the jurisprudential council of the Central Bank. Managing the Karaj Stock Exchange, Managing the Securities and Exchange Organization, Being a member of the faculty of Imam Sadegh (AS) University, Managing the Islamic Financial Association, and Being a member of the jurisprudential council of the Central Bank were some of his responsibilities. He is currently the CEO of the Export Development Bank. The establishment of the jurisprudential committee of the Securities and Exchange Organization is one of the lasting actions of Dr. Salehabadi during his tenure in this organization.

The fourth Islamic Financial Award in the field of legal entities was awarded to Mofid University. Mofid University in the fields of master's thesis, research plan, articles published in journals, published books and holding effective conferences in Islamic finance; scored higher than other competitors. Hojjatoleslam and Muslims Dr. Majid Rezaei, a member of the faculty of Mofid University, received the award on behalf of Mofid University in this conference.

The second prize for the best book in Islamic finance was awarded to the book "Advocacy in interest-free banking; Applications and Challenges "by Dr. Vahab Ghelich (Faculty Member of the Monetary and Banking Research Institute of the Central Bank).

Also, the third prize for the best research in Islamic finance at the Phd level was awarded to the thesis "Evaluation and analysis model of stock speculation in the Iranian securities market based on the Shia criteria " by Dr. Mohammad Tohidi.

The award for the best research at the master's level went to the thesis "Designing a framework for religious supervision of the capital market of the Islamic Republic of Iran" by Alireza Fattahi.

The meeting on "The role of GAM security in financing and production prosperity" was held in the fifth Islamic financial conference.

This meeting was attended by Dr. Ali Salehabadi, President of the Islamic Financial Association of Iran, Hojjatoleslam and Muslims Dr. Majid Rezaei; Member of the jurisprudential council of the Central Bank, Dr. Hanifi, Deputy Supervisor of the Central Bank, Amir Hamouni, CEO of the Iran Fara Bourse Company and Dr. Zamanzadeh, Research Deputy of the Monetary and Banking Research Institute of the Central Bank.

In this meeting, while Reviewing the Process of GAM security and its functions and effects on the economy, some suggestions were made for the issuance of these securities.

 

During this conference, a contract for educational and research cooperation between the Islamic Financial Association of Iran and Al-Zahra University was signed.

Presenting selected conference papers

Subject: Islamic FinTech in financial markets

Presented by Ms. Morshedi

Subject: The roll of the interbank market in covering the liquidity risk of banks and improve production prosperity

Presented by Mr. Simiari

Subject: Tokenization of assets, a new way of financing in the capital market

Subject: Crowdfunding; A model for the prosperity of the production sector

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