Conference on Corporate Social Responsibility for Financial Institutions and Islamic Banks Opens in Doha

Doha, October 01 (QNA) - A global conference on partnership and corporate social responsibility for financial institutions and Islamic banks opened in Doha Monday. The conference aims at introducing institutions and individuals to the fields of partnership and social responsibility of Islamic financial institutions and banks and how to use them in the development of Arab and Islamic societies. In an opening speech delivered by HE Undersecretary of the Ministry of Economy and Commerce and Board Member of Qatar Central Bank Sultan bin Rashid Al Khater, HE Governor of Qatar Central Bank Sheikh Abdullah bin Saoud Al-Thani stressed the importance of the conference in addressing the serious and practical aspects of the role of Islamic financial institutions and banks towards their societies and their contribution to their development, in order to establish a partnership between financial institutions and Islamic banks on the one hand, and between the society in its different categories and sectors on the other. He expressed the hope that the conference will highlight the achievements of Islamic financial institutions and banks in the field of community development in particular, and the role of these institutions in this field, and highlights the development witnessed by the Islamic banking and Islamic institutions sector. For his part, Chairman of the Supreme Organizing Committee of the Conference Advisor Rashid bin Safar Al Hajri said that the financial and banking sector attaches great importance to the social responsibility, noting that the activities of the Islamic financial institutions and banks are not only limited to the economic and investment areas, but also provide many other services that stem from their social responsibility towards building the society and contributing to the national economy, including the implementation of charitable and community projects. He noted that the conference will discuss the role of financial institutions and banks in achieving partnership and active social responsibility, which emphasizes the important role of these financial and banking institutions in meeting societal needs. Following the opening remarks, HE Undersecretary of the Ministry of Economy and Commerce and Board Member of Qatar Central Bank Sultan bin Rashid Al Khater honored winners of the "Banking Personality of the Year in Partnership and Social Responsibility 2018" award; and the "Excellence in Areas of Partnership and Social Responsibility for Financial Institutions and Islamic Banks Sectors" award, which was won by a number of banks participating in the conference, including Qatar International Islamic Bank and Masraf Al Rayan. The one-day conference will review the best international experiences and practices in the areas of partnership and corporate social responsibility of financial institutions, and various working papers on several aspects, including partnership and the social responsibility of financial institutions and Islamic banks, the best practices in partnership and the social responsibility of financial institutions and Islamic banks, and professional tools to maximize the impact of community partnerships for Islamic financial institutions and banks. The conference will also address the jurisprudence of banking financial transactions and its role in promoting partnership and social responsibility, the global professional benchmarking to measure the performance of financial institutions in the field of partnership and community responsibility, research and studies in financial institutions and Islamic banks to identify societal needs with scientific tools, the role of non-bank financial institutions in developing community partnership, financial markets and their role in achieving community partnership. The conference, which is organized by Al-Khaleej Academy for administrative development in cooperation with the Regional Network for Social Responsibility, will also include four working sessions and two training workshops on topics related to innovation in the design and implementation of community partnership programs for Islamic financial institutions and banks, and other related topics. (QNA)