Seminar on "Islamic vs. Conventional Banking and IFRS vs. AAOIFI standards"

Date: January 29, 2011
Place: Holiday Villa Hotel

Dohachapter hosted a seminar on “Islamic vs. Conventional Banking and IFRS vs. AAOIFI standards”. The event was sponsored by SASCO Group and attended by more than 100 participants. Mr. Musadag El Melik, General Manager – Islamic Banking, Qatar National Bank was the keynote speaker. Through his presentation, Mr. El-Melik provided good insight into the principles of Shariah compliant Islamic banking and the various products currently available such as Ijara, Estisna’a, Mudarabah, Musharaka, Sukuk and Murabaha. 

The variations of the Islamic Banking System from the conventional banking system and the critical accounting standards adopted by the Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI) were the hallmarks of his presentation. The session ended with an interactive Q&A session.