Dubai Int'l Conference for Awqaf to Showcase Latest Strategies in Waqf
Awqaf and Minors Affairs Foundation (AMAF), organizers of the third Dubai International Conference for Awqaf, announced the event will examine 21 papers and international case studies from countries such as Turkey, Malaysia, New Zealand and Austria to identify the latest strategies and best practices of waqf institutions around the world and develop a stronger framework for waqf organizations in the UAE and the wider region.
Featuring six sessions, the two-day event will additionally highlight major challenges facing endowment funds around the world.
Hosted under the patronage of Sheikh Hamdan Bin Mohammed Bin Rashid AlMaktoum, Crown Prince of Dubai and Chairman of the Executive Council for Dubai, the event runs until 23 April 2012 at The Ritz-Carlton, Dubai. Experts in areas from over 20 countries are anticipated to participate in the event including thought leaders from the Shari'ah and conventional law sectors, as well as the science and economics disciplines.
Tayeb Al Rais, Secretary General, Awqaf and Minors Affairs Foundation in Dubai, said: "We hope the third edition of the Dubai International Conference for Awqaf helps consolidate the concepts related to developing the performance of waqf organizations in the UAE and the region. The foundation has come a long way in reviving the concept of waqf and its role in the society. In bringing together an esteemed line up of international experts in waqf affairs, the conference will improve our understanding of how to efficiently utilize endowment funds and create a strong development model that the Government of Dubai seeks to achieve."
The opening session at the conference saw speakers from the UAE, Canada, Egypt and Libya presenting papers on subjects such as access and restriction to legal and social services, as well as endowment funds by waqf institutions.
The second session highlighted success stories from endowment funds in Jordan, Syria, South Africa, and Algeria. Issues regarding endowment beneficiaries and related legal standards as well as the importance of waqf for women and its role in social development are some of the topics that reviewed. Offering examples of historical jurisprudence, panelists additionally highlighted the current waqf and local community institutional practices.
The final session on day-one saw experts from Saudi Arabia, Jordan and Lebanon debating on the standards used for measuring the quality of waqf institutions. Additionally, the synergy between endowment funds and their investment, and the associated risks from a banking perspective will be key topics of discussion.
Day-two of the conference will look into obstacles and challenges facing endowment funds during the first session. Dr. Sami Al Salahat, Consultant, International Institute of Islamic WAQF in Malaysia will present this segment.
The second session featuring participants from the UAE, Saudi Arabia, Morocco, and Sudan will centre on the experience of Arab institutions in endowment funds. Attendees will benefit from a comparison of the endowment fund experiences of families from Ajman, Morocco and Sudan.
The conference will conclude with speakers from Austria, Turkey, Malaysia, USA, and New Zealand sharing experiences in the waqf and endowment fields back in their home countries. Noor Islamic Bank and Emirates Islamic Bank are platinum sponsors of the Dubai International Conference for Awqaf 2012, while Dubai Islamic Bank will participate as the gold sponsor.
Source: AMEInfo
Hosted under the patronage of Sheikh Hamdan Bin Mohammed Bin Rashid AlMaktoum, Crown Prince of Dubai and Chairman of the Executive Council for Dubai, the event runs until 23 April 2012 at The Ritz-Carlton, Dubai. Experts in areas from over 20 countries are anticipated to participate in the event including thought leaders from the Shari'ah and conventional law sectors, as well as the science and economics disciplines.
Tayeb Al Rais, Secretary General, Awqaf and Minors Affairs Foundation in Dubai, said: "We hope the third edition of the Dubai International Conference for Awqaf helps consolidate the concepts related to developing the performance of waqf organizations in the UAE and the region. The foundation has come a long way in reviving the concept of waqf and its role in the society. In bringing together an esteemed line up of international experts in waqf affairs, the conference will improve our understanding of how to efficiently utilize endowment funds and create a strong development model that the Government of Dubai seeks to achieve."
The opening session at the conference saw speakers from the UAE, Canada, Egypt and Libya presenting papers on subjects such as access and restriction to legal and social services, as well as endowment funds by waqf institutions.
The second session highlighted success stories from endowment funds in Jordan, Syria, South Africa, and Algeria. Issues regarding endowment beneficiaries and related legal standards as well as the importance of waqf for women and its role in social development are some of the topics that reviewed. Offering examples of historical jurisprudence, panelists additionally highlighted the current waqf and local community institutional practices.
The final session on day-one saw experts from Saudi Arabia, Jordan and Lebanon debating on the standards used for measuring the quality of waqf institutions. Additionally, the synergy between endowment funds and their investment, and the associated risks from a banking perspective will be key topics of discussion.
Day-two of the conference will look into obstacles and challenges facing endowment funds during the first session. Dr. Sami Al Salahat, Consultant, International Institute of Islamic WAQF in Malaysia will present this segment.
The second session featuring participants from the UAE, Saudi Arabia, Morocco, and Sudan will centre on the experience of Arab institutions in endowment funds. Attendees will benefit from a comparison of the endowment fund experiences of families from Ajman, Morocco and Sudan.
The conference will conclude with speakers from Austria, Turkey, Malaysia, USA, and New Zealand sharing experiences in the waqf and endowment fields back in their home countries. Noor Islamic Bank and Emirates Islamic Bank are platinum sponsors of the Dubai International Conference for Awqaf 2012, while Dubai Islamic Bank will participate as the gold sponsor.
Source: AMEInfo
