Invite governments to complete digital Islamic finance legislation Other Services

The final communiqué of the 5th Doha Islamic Finance Conference, organized by the House of Advisory Financial Consultancy, called on governments, central banks, Islamic financial institutions and Shari'a bodies to pursue the legislative and legal frameworks for the Islamic digital finance environment, especially with the rapid and rapid development of financial technology. Appropriate update of Islamic finance legislation and laws As well as the need to pay attention to good practices in the field of cybersecurity and to adopt a proactive approach and all means that will protect electronic financial systems from the goal of saving money in Islamic law. The final communiqué called for governments and institutions to protect the society from the risks that the digital world in the field of human development may generate. It also aims at developing curricula, reviewing disciplines, raising skills, abilities and guidance to take advantage of the future opportunities of the digital world and combating the threat of digital unemployment and digital divide. Islamic banking on the use of modern technologies in the field of innovation in the Islamic finance industry and the transfer of the worst S capital and access to world markets. He stressed that digital technology contributes to Qatar's 2030 economic vision based on diversification and knowledge-based, praising the country's achievements in the field of digital and financial technology. The conference concluded that the decisions of the jurisprudential councils and the Shariah standards issued even though they did not belong to the digital banks in a statement, but they included most of the basic principles on which these banks are based in conducting contracts and their effects. Its institutions, tools and products, and the quest to create a digital knowledge platform specialized in Islamic digital finance. During the scientific sessions of the conference, four main themes were discussed: the experiences of central banks in the digital world, digital Islamic banks (forward vision), the digital economy and sustainable development, electronic systems in Islamic banks and their challenges in the digital world. And academics which included fourteen research papers.