The key role of the capital market in economic growth.
The head of the stock exchange organization emphasized: At the 15th International Islamic Capital Market (ICM) Conference, Eshghi, head of the Securities and Exchange Organization, highlighted the central and key role of the capital market in creating integration and economic growth.
 

According to IRNA, the first axis of the conference is the preparation of a common supervisory environment at the level of Islamic capital markets, based on the common jurisprudence of the different schools and religions of the Islamic world, so that a framework can be defined for transversal exchanges. border sukuk links at the level of Islamic countries on which the Islamic Ummah can be founded.
He added: The second axis is responsible and sustainable investment. Because the Islamic financial industry and sustainable investment share this principle that both are based on the principle of not harming the other; Although sustainable or responsible investment is still in its infancy and much effort needs to be made to achieve the intersection between it and the Islamic financial sector in a clear and concrete manner;
But connecting these two elements and creating attractive portfolios for the Muslim and non-Muslim community around the world is not far from being feasible.
In particular, this year, in July, the ISCO organization approved the standards for disclosure of information relating to sustainable investment by the International Board of Sustainable Investment Standards.
Eshghi continued: The third axis, which requires the efforts and activities of the best thinkers and specialists of the Islamic Ummah, is the ever-evolving field of technology.
In the capital market, we must be prepared to meet the current and more complex needs of different investors.
Meanwhile, Islamic fintech has gradually opened up its space by combining the principles of ethics and justice on the one hand and information technology on the other.
A look at global indicators indicates this significance.
An example of the possibility of financing halal businesses in Malaysia with such instruments.
The Chairman of the Stock Exchange and Securities Organization said: It seems that we should return to the Islamic tradition within the Islamic Ummah, which has a history of more than a thousand years, and explore the common elements that flow in the heart, mind, soul and culture of Muslims and use them in the design. Financial tools have been used so artistically to attract the maximum number of members of Islamic society, and this, of course, requires an open and informed mind.

Post a comment