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QFIS hosted a workshop on the "Fundamentals of Islamic Finance and its Monetary complex Products"

On Thursday 7th January 2010, The Qatar Faculty of Islamic Studies celebrated the graduation of its sixth group from the Executive Training Department after completing a workshop entitled (Fundamentals of Islamic Finance and its Monetary complex Products).  Dr. Monzer Kahf, the Islamic finance Professor at the Faculty, prepared and presented this workshop to Qatar Central Bank Employees. This is the second participation for the Bank employees in QFIS workshops, which started on the 3rd January and lasted a week.   

This workshop is part of a consecutive series of workshops and training programmes designed and organized by the Executive Training Department at QFIS under the supervision of Dr. Elsayed Elsiefy, the Finance Professor at QFIS. The aim is to contribute to the community development and enhance the performance level and production capacity among different professionals in the community.

This training program illustrated basics of Islamic Finance, and presented different kinds of Islamic Financial tools and products, it also discussed the differences between the conventional and Islamic tools, in order to enable the finance professionals to distinguish the various practical implications of the Islamic tools from Al Maqasidi perspective. This is important to acquire the evaluation skill of the Islamic financial products, and identify its capacity for innovation and re-adaption.  

Dr. Hatem El Karanshawy, the Dean of (QFIS) gave a warm farewell on the last day, and distributed the certificates of attendance. Also he emphasized the unconventional orientation the Faculty adopts as an Islamic organization, by following the diverse routs of contemporary development, and accepting various civilized aspects of human life, that principally doesn't contradict with the Islamic fundamentals, at the same time contributes to the human development both regionally and globally.

 

At the end of the training, most participants expressed their acknowledgment and gratitude to(QFIS) , and appreciated its role of developing professionals to develop their capabilities, and increase their awareness to meet the new demands of the most updated financial products existing on the market. All this takes place in a cautious manner that preserves the traditional legacy and depend on it, and yet accommodating it within the globalized frame work.

In fact, this is the sixth training conducted by the Executive Training Department at (QFIS), another four courses were accomplished by Dr. Elsayed Elsiefy (2008-2009) about stock market analysis and banking accountancy, another one presented by Dr. Hatem El Karanshawy, the Dean of the Faculty and specifically addressed an executive delegation from the HEC School of Management in Paris.  The Qatar Faculty of Islamic Studies (QFIS) is still heading to present more programs that are targeted to benefit certain professional and social segments in the society that will be announced in due time. The training themes reflect the range of diversity and richness contained within the degree programs present at the Faculty. QFIS offers a diversity of programmes that include two General Diplomas in Islamic Studies and Finance, as well as four Masters' Degree programmes in the fields of Public Policy in Islam, Islamic Finance, and Islamic Studies with two specializations: One in Contemporary Fiqh and another in Religion and Contemporary Thought. The QFIS has planned two additional Masters' programmes that will come in the near future, one in Contemporary Muslim Societies and the other in Islamic Urban Planning and Architecture.

 (QFIS) was established to achieve intellectual plurality that emphasizes the richness and diversity of the Islamic heritage. QFIS organized several seminars on finance in an attempt to contribute to the development of Islamic Finance Services to efficiently meet the challenges and demands of the era