The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, is conducting its online Technical Workshop on “Maqasid Al Shariah in Islamic Finance.” This two-day workshop, offers an in-depth exploration of Maqasid Al Shariah, its meanings, and its role in Islamic finance.

This technical workshop is part of CIBAFI’s strategic objective of Professional Development, which aims to enhance capacity building within the Islamic financial services industry. The workshop brings together participants from Islamic banks, financial institutions, regulatory authorities, academia, and international organizations. It covers the classifications and levels of Maqasid Al Shariah, the concept of Maslahah (public interest), and their connection to Shariah objectives.

Discussions highlight the role of Maqasid Al Shariah in guiding Shariah decisions for sustainable development. Participants engage in interactive discussions, case studies, and expert-led sessions on Shariah Board resolutions and Islamic finance practices.

Ms. Zainab Al Owainaty, Director of Administration and Finance at CIBAFI, delivered the workshop's opening address. In her speech, she highlighted CIBAFI's commitment to developing human capital in the Islamic financial services industry, particularly focusing on critical areas that address emerging sector challenges. She emphasized the natural alignment between Maqasid Al Shariah and sustainability practices, noting how both frameworks promote social responsibility, intergenerational equity, and prudent resource management. Ms. Al Owainaty also outlined CIBAFI's strategic approach to strengthening these principles across various aspects of Islamic finance.

The workshop was facilitated by the esteemed Prof. Dr. Ahcene Lahsasna, CEO of Salihin Shariah Advisory in Malaysia. Attendees benefited from the wealth of industry experience and practical insights shared by distinguished guest speakers, including Dr. Abdulbari Mashal, Managing Partner at Raqaba, USA, and Dr. Faisal M. Al-Atabani, Consultant from Saudi Arabia.