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LONDON TO HOST MAJOR ISLAMIC FINANCE SUMMIT

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The 3rd AlBaraka Summit will explore a path to a more sustainable global economy rooted in Islamic economic principles.  

LONDON, Oct. 21, 2024 /PRNewswire/ — Islamic finance continues to be a significant and growing part of the global financial landscape, with a $3 trillion finance market. It offers alternatives to the mainstream UK financial structure that align with Shari’ah law, including ethical, interest-free finance.

This is just one of the many topics being investigated during the 3rd annual AlBaraka Summit at the London Marriott Hotel Grosvenor Square on 26 and 27 October. Economists, business leaders, academics and scholars will meet and discuss the merits of an alternative to the traditional capitalist economic model.

The summit will focus on the role of Islamic finance in sustainable economic growth, both in the UK and globally, and provide a platform for UK businesses to explore future collaboration with companies from Muslim-majority countries.

The summit is supported by:

●  Al Baraka Group B.S.C. (C) – Global Partner

●  Islamic Chamber of Commerce and Development (ICCD) – Strategic Partner

●  United Nations High Commissioner for Refugees (UNHCR) – Collaborating Partner

By understanding how adopting Islamic finance principles can unlock new growth opportunities within the UK, the Summit aims to demonstrate and educate attendees on alternative economic models to work alongside capitalism.

Key highlights:

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–  H.E. Mr. Yousef Hassan Khalawi, Secretary-General of AlBaraka Forum for Islamic Economy, will deliver the opening remarks and discuss how Islamic economics promotes both financial prosperity and social justice.

–  Naz Shah, MP, a key advocate for community-based financial inclusion, will serve as a keynote speaker, emphasising the importance of ethical financial frameworks in the UK and globally.

–  Expert panel discussions will cover topics such as risk-sharing, ethical investment, the Islamic digital ecosystem, and non-profit economic models like Waqf endowments and Zakat funds.

Commenting on the Summit, His Excellency, Mr. Yousef Hassan Khalawi, Secretary-General of AlBaraka Forum for Islamic Economy, said, “Islamic economics is not a system specific to Muslims, but rather a system for all human beings. The 3rd AlBaraka Summit will address the role of traditional capitalism such as debt accumulation and speculative practices while emphasising ethical considerations, charity, and risk-sharing models to promote sustainable growth.” 

The theme of the 3rd annual AlBaraka Summit is “Global Prospects for Islamic Economics: A Path to a Sustainable, Ethical, and Innovative Global Economy”. As developing countries emerge as the next economic leaders, it is important to consider the role of Islamic economics in fostering sustainable development, ethical financial practices, and genuine development-related economies.

Panel topics include:

–  Islamic Economics and Collective Responsibility: Unified Goals for a Shared Planet: Moderated by Stella Cox, Managing Director of DDCAP Group, this panel will explore how Islamic finance provides ethical alternatives to conventional capitalism, addressing social responsibility and sustainability.

–  Beyond Profit: Embedding Responsibility in Islamic Banks and Investment Solutions for Long-Term Sustainability: Speakers such as Prof. Mohd Ma’Sum Billah of King Abdulaziz University will discuss how Islamic finance can prioritise social and environmental impacts alongside financial returns.

–  Economic and Community-Led Development through Islamic Non-Profit Models: Featuring Haroun Atallah, Chairman of Islamic Relief Worldwide, this panel will highlight the power of charity and endowment models like Waqf and Qard Hassan financing for community empowerment.

Workshop, held in partnership with supporting partner The International Islamic Liquidity Management Corporation (IILM):

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–  Sukuk as High-Quality Liquid Assets: Structures and Navigation Liquidity Crunches in Financial Markets. Presented by H.E. Mr. Mohamad Safri Shahul Hamid, Chief Executive Officer, The International Islamic Liquidity Management Corporation (IILM)

Special Session:

–  Innovation in Islamic Economics: A Special Session Featuring PhD Research from British Universities in Islamic Economics and Finance. Featured presentations:

–  Islamic Banking and Investment – presented by Anglia Ruskin University

–  Islamic Socio-Economics Concept in Sustainability and ESG – presented by Dundee University

–  Islamic Economics and Contemporary Economics Issues – presented by Durham Centre for Islamic Economics and Finance, Durham University

–  Islamic Commercial Law and Legal Solutions for Disputes – presented by SOAS Centre of Islamic and Middle Eastern Law, SOAS University

The Summit will take a look at the millennium-long history of Islamic economics, delving into its foundational principles and enduring values. It offers attendees an in-depth understanding of the core principles, ethical foundations, and Shari’ah-objectives (Maqasid) of Islamic economics, which are grounded in principles of social justice.

More information on the 3rd AlBaraka Summit is available here.

About AlBaraka Forum:

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AlBaraka Forum for Islamic Economy is an independent, non-profit, global think tank, specialising in Islamic economy in its holistic sense. The Forum emerged as an extension of the deep-rooted heritage of its founder Sheikh Saleh Abdullah Kamel (1941-2020) (may Allah bestow mercy on his soul), a heritage that covered various areas of research and development in Islamic economy.

The Forum seeks to enrich the research resources and serve the knowledge structure of Islamic economy, as well as to build partnerships and alliances with regional and international entities to foresee contemporary economic challenges and developments, in order to keep pace with Islamic economy and finance. This will enhance the outputs of the Forum as a global economic and financial knowledge beacon.

About the AlBaraka Summit Series:
AlBaraka Summits Series, Founded by Sheikh Saleh Kamel, aims to advance the global reach and impact of Islamic economics and finance. The series began in London, has since expanded to major economic hubs worldwide. It convenes thought leaders and influencers in Islamic economics to discuss timeless fundamentals and contemporary themes, embracing diverse economies from profit-driven enterprises to philanthropic endeavours.

AlBaraka Forum organizes country-based summits, with the first version launched in London. The second summit is held annually in Saudi Arabia under the patronage of His Royal Highness the Prince of Madinah Region. Our latest summit in Türkiye was graced by the presence of H.E. Mr. Recep Tayyip Erdoğan, the President of the Republic of Türkiye.

Transformation from AlBaraka Symposium to AlBaraka Forum for Islamic Economy

For nearly 50 years, AlBaraka Symposium has been the most important and largest gathering of top leading Islamic economists and experts – with a clear focus on Islamic finance – covering various disciplines: It is a hub for Sharia scholars specializing in financial transactions, as well as the world’s top economists who specialize in Islamic economy, senior executives and academics. Therefore, the symposium has served as the most important starting point and the first entry point for a variety of newcomers to Islamic finance, including new researchers and executives.

The idea of transforming AlBaraka Symposium into a scientific institution was realized at the beginning of 2020, during the latter days of the late Sheikh Saleh Kamel (may Allah bestow mercy on his soul), who was renowned for his lifelong giving. This institution’s activities are increasing beyond the influence of the annual symposium, and it makes a constant contribution throughout the year.

 

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CCTV+: When French Elegance Meets Chinese Style | The Romantic Tale between the Porcelain Capitals of China and France

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BEIJING, Oct. 22, 2024 /PRNewswire/ — This summer, the global spotlight once again focused on the romantic city of Paris, where the 33rd Summer Olympic Games were successfully held and concluded. Before the opening ceremony of the Paris Olympics, the French National Olympic and Sports Committee collected four Chinese blue and white porcelain artworks, and said that the set of blue and white porcelain art not only demonstrates the exquisiteness of traditional Chinese craftsmanship, but also reflects the global resonance of the Olympic spirit.

Limoges, a city in the south of France, is one of the oldest cities and is known as the “Porcelain Capital” of France. Like Jingdezhen, China’s porcelain capital, Limoges showcases the charm of porcelain in many ways, making it a part of life and art, and it also committed to the inheritance of ceramic craftsmanship and culture.

On the streets of Limoges and on the campus of Jingdezhen Ceramic University, there stands a pillar made of blue and white porcelain. This set of artworks, created in 2018, is the joint work of teachers and students of École Nationale Supérieure d’Art Limoges and Jingdezhen Ceramic University.

When French elegance meets Chinese style, and when Chinese skills encounters French artists, a romantic melody of porcelain resonates between the “porcelain capitals” of China and France. Jingdezhen and Limoges, two ancient cities, have produced exquisite ceramic works in different time and background, continuously attempting to understand each other’s cultures and engaging in cultural exchanges. This mutual attraction and interest rooted in historical memory offers endlessly fascinating and witness the inclusiveness and mutual learning between China and France.

In 2010, Jingdezhen and Limoges became sister cities, with ceramic culture serving as the common language. A year later, École Nationale Supérieure d’Art Limoges and Jingdezhen Ceramic University exchanged art students, who became young ambassadors for cultural and artistic exchanges between the two cities and two countries.

Friendship, which derives from close contact between peoples, holds the key to sound state-to-state relations. This year marks the 60th anniversary of diplomatic relations between China and France. The two ancient porcelain capitals have forged a bond through ceramics, connecting China and France, communicating with each other, and will write a new chapter in Sino-French cultural and artistic exchanges.

Video – https://mma.prnewswire.com/media/2536695/video.mp4 

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Marintec Innovation Conference 2024 – Charging the Future: Focus on Alternative Energy Sources

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HONG KONG, Oct. 22, 2024 /PRNewswire/ — The maritime industry is on the point of undergoing a radical transformation, and the Marintec Innovation Conference is at the forefront of this evolution, charting a course towards a sustainable, zero-carbon future. While previous conferences have focused on the technological aspects of shipbuilding to meet decarbonisation targets, 2024 will be the year of “Alternative Energy and Fuels Contribute to Low Carbon Maritime”, promising to be a beacon of innovation and collaboration, lighting the way for the industry’s green transition.

Set against the vibrant backdrop of Shanghai, the conference will take place at the Shanghai Renaissance Zhongshan Park Hotel on 12 – 13 December 2024. This event is not just another conference; it’s a convergence of the brightest minds and leading organisations dedicated to pioneering alternative energy sources and low-carbon solutions.

Glimpse into the Future. Envision a world where ships sail the seas powered by renewable energy sources that leave no carbon footprint. This vision is now within reach, thanks to the pioneering discussions and innovations that will be showcased at Marintec Innovation 2024. The conference will feature pivotal sessions such as:

  • Review and Outlook: Dive into the latest advancements in renewable energy sources and their seamless integration into maritime operations.
  • Sailing Efficiency – Shipowner’s Perspective: Hear firsthand from leading shipowners about practical strategies to enhance operational efficiency.
  • Industry Chain Support: Discover the collaborative efforts across the maritime value chain that are driving these innovations forward.

Voices of Innovation. The lineup of speakers reads like a Who’s Who of the maritime world. The conference will feature insights from industry giants like ABB, ABS, the China Association of the National Shipbuilding Industry, CSSC Shanghai Marine Energy Saving Technology, CSSC Silent Electric System (Wuxi) Technology, DNV, Headway Technology, the International Chamber of Shipping (ICS), the International Windship Association (IWSA), Jotun, Kongsberg Digital, Trelleborg Marine Systems, Ulstein, Wikborg Rein Advokatfirma, and many more. Their collective expertise will provide attendees with a unique opportunity to learn from the leading figures in the field.

Collaborative Effort. We are honored to have the support of esteemed organisations such as the China Association of the National Shipbuilding Industry, the China State Shipbuilding Corporation, the Chinese Society of Naval Architects & Marine Engineers, the Norwegian Business Association, and Charity Partner, MercyShips. We would also like to express our gratitude to the Ministry of Foreign Affairs of Denmark, the Danish Export Association, the Norwegian Maritime Exporters, and the UK’s Department of Business and Trade for their valuable support. These collaborations demonstrate a shared commitment to a sustainable maritime future.

Innovation on Display. In addition to the compelling sessions and expert speakers, the event will feature sponsors like Bestway, Shanghai Moury Marine Equipment, Shanghai SIBO Automation, Shanghai Tonghe Marine Equipment, Zhenjiang Tongzhou Propeller, and many others showcasing their cutting-edge innovations. This is set to be one of the most momentous maritime gatherings of the year.

Networking Opportunities. Beyond the sessions, Marintec Innovation 2024 offers networking activities designed to foster collaboration and build lasting connections. Networking Refreshments and Luncheons will provide attendees with the opportunity to engage with industry leaders and peers, while the Closing Dinner will offer a relaxed setting for more in-depth discussion and networking.

Call to Action. The time to act is now. Industry stakeholders must unite and commit to investing in and adopting alternative energy technologies. By working together, we can navigate the challenges and lead the maritime industry into a sustainable, zero-carbon future. This conference is not just an event; it’s a movement towards a greener, cleaner world for future generations.

Join Us. Registration is now open, we encourage industry professionals, researchers, and enthusiasts to register early to secure their spot at this landmark event. For more information and to register, please visit www.marintecchina.com.

Marintec Innovation Conference Background:

Following its inaugural edition in 2017 during Marintec China, the Marintec Innovation Conference will be held in December of even-numbered years at the Shanghai Renaissance Zhongshan Park Hotel. Organised by Informa Markets and SSNAME, Marintec Innovation continues to provide a unique platform for fostering interactions on diverse findings and advancements in the maritime industry through collaboration and knowledge sharing.

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Marintec Innovation’s Themes
2017: Cruise Shipbuilding at Marintec China
2018: International Marine Intelligent Energy Efficiency Technology
2020: The Fourth Industrial Revolution at Sea
2022: Defining the Path to Decarbonisation
2024: Alternative Energy and Fuels Contribute To Low-carbon Maritime

Organisers of Marintec China:

Marintec China is organised and managed by Informa Markets and Shanghai Society of Naval Architects & Marine Engineers (SSNAME).

Informa Markets

Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com

Shanghai Society of Naval Architects and Marine Engineers (SSNAME)

Shanghai Society of Naval Architecture and Marine Engineers (SSNAME), founded in early 1951, is the first scientific and technological society in the field of shipbuilding and marine engineering of the People’s Republic of China. SSNAME currently has 5,000 individual members and more than 60 group members. It has 5 working Committees, 11 Specialized Committees and 3 Representative offices. As an important non-governmental scientific and technological society with high reputation and influence in the international field of shipbuilding and marine engineering, SSNAME has been committed to promoting the progress of shipbuilding and marine engineering technology and international exchanges and cooperation. SSNAME has established closely cooperative relations with 14 well-known overseas maritime engineering societies, such as SNAME, RINA, STG, JSNAOE, SNAK and so on. It is the initiator and first chairman of the Pan-Asian Association of Maritime Engineering Societies (PAAMES) and is also a member of the International Standing Committee of the World Maritime Technology Conference (WMTC). The “Xin Yixin Ship and Marine Engineering Science and Technology Innovation Award” founded by SSNAME has become an important award for scientific and technological talents. SSNAME organizes many academic exchanges, popular science and scientific and technological publication every year. For more information, please visit www.ssname.com.cn.

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Xinhua Silk Road: Annual Conference of Financial Street Forum 2024 spotlights financial cooperation and development opportunities

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BEIJING, Oct. 22, 2024 /PRNewswire/ — Themed on “Trust and Confidence – Work Together to Promote Financial Openness, Cooperate for Shared Economic Stability and Growth”, the Annual Conference of Financial Street Forum 2024 concluded on Sunday.

During the event, Chinese and foreign participants have conducted in-depth discussions on current economic and financial hot topics in an attempt to enhance mutual trust, deepen win-win cooperation and share development opportunities.

Many foreign institutions expressed their willingness to further promote investment in China at this year’s conference.

Both China and Germany are facing social challenges such as aging problem, said Markus Kobler, the CFO and member of the executive board of DWS Group, adding that the two sides can establish an open financial market, expand bilateral investment, strengthen financial and asset management cooperation, and jointly develop strategic emerging industries, such as green technology and transportation automation, to achieve win-win results. 

Noting how to deepen the financial sector’s role in serving the real economy, Weng Qiwen, director of China Centre for Promotion of SME Development, said that the new round of industrial revolution requires matching financial innovation and financial reform.

According to Weng, it is necessary to cultivate the “craftsman spirit” of the capital market and guild long-term capital into the financial market in an attempt to advance the development of new quality productive forces.

Regarding the current financial challenges related to new technologies, new applications and new risks, Li Yang, chairman of National Institution for Finance & Development, believes that the correct financial function is the basis for preventing financial risks.

According to Li, more efforts should be made to further balance the relationship between functionality and profitability, deal with the relationship between lifting financial repression and preventing excessive financialization, continue to reduce circulation costs and financing costs, and meet the diversified financing needs of the national economy. 

Original link: https://en.imsilkroad.com/p/342711.html

Photo – https://mma.prnewswire.com/media/2536691/Xinhua_Silk_Road.jpg 

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