The Faculty of Administrative and Financial Sciences organized a seminar entitled "Jurisprudential Matters in Islamic Banking Transactions", the seminar hosted by Shari'a Controlling Department in the Palestinian Islamic Bank.
The seminar was attended by the Dean of Faculty of Administrative and Financial Sciences Dr. Abdul Basit Rabayah, the head Shari'a Controlling Board of the Palestinian Islamic Bank Dr. Ali Sartawi, along with Prof. Hussam ElDin Afaneh member of Shari'a Controlling Board, Bank Manager in northen region Khetam Abu Attia, and other Representatives of specialized banking institutions, faculty members and university students.
The Dean of Faculty of Administrative and Financial Sciences Dr. Rabiaa welcomed the attendees, and assured the importance of such seminars to highlight the difference between Islamic and commercial financial transactions.
Prof. Hussam Eldin Afaneh member of the Sharia'a Control Board at Palestinian Islamic Bank, talked about the beginning of Islamic banks. Noting that the first Islamic bank was in Dubai in 1976, while the first Islamic bank in Palestine was in 1997, and there are now three banks in Palestine.
mentioning the shares of the Islamic banks in Palestinian markets and internationally, and its increasing shares, as he talked about the legal controls of Islamic Banks.
Mr. Khetam Abu Attiya Bank Manager in the northern region, said that this seminar aims to convey the message of Islamic banks to the public and how it works according to the Islamic law.
Head of Shari'a Controlling Department at the bank Dr. Ali Saltawi said that the Europeans are beginning to study the Islamic financial treatment, and there are economic thinkers who are monitoring the Islamic financial industry, which is escalating and wasn’t affected by the global financial crisis.
At the end of the seminar questions were answered