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Arabia
2nd "fiqh" (jurisprudence) conference for Islamic financial institutions
2007-11-25
The second "fiqh" (jurisprudence) conference for Islamic financial institutions wrapped up its sessions today and would resume tomorrow.
Not to be confused with the Second Vatican Council or the Second Continental Congress.
The conference will discuss tomorrow how to determine wages and applications in labor contracts and contemporary leases, in addition to the leasing of gold and silver through a lease contract that is preconditioned to be owned afterwards. In the morning session today, Sheikh Abdul Sattar Abu Ghoddah spoke about the difference between the protection of capital and its guarantees, in addition to the types of investment risks, including those related to assets, impediments to capital and currency at different currency amounts and Bonds and the currency obtained by conversion of employment.

He added that risks facing investments include credit risks, market risks, risk of inflation and risks of contract formulas.

The conference, due to end on Sunday, addresses various economic and financial issues in light of the Islamic jurisprudence.
Posted by:Seafarious

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