The Waqf Fund, a Bahrain-based special fund to support Islamic finance training, education and research, launched a new initiative to groom the next generation of Shari’a scholars.
Aimed at Internal Shari’a Reviewers of Islamic financial institutions, a monthly discussion session is planned with prominent Shari’a scholars providing the former an opportunity to interact with the scholars, ask questions, seek clarifications and discuss new ideas. The purpose of this program is to enable transfer of knowledge from leading Shari’a scholars to up and coming scholars.
Shaikh Esam Ishaq, who is on the Shari’a boards of various Islamic financial institutions, led the inaugural session held at the Central Bank on 11th July and titled “Shari’a issues in SPV governance”. He identified potential Shari’a issues in the structures available in the market. His brief talk was followed by a number of questions and comments from the audience.
Khalid Hamad, Chairman of the Waqf Fund, also participated in the session. He thanked Shaikh Esam and Internal Shari’a Reviewers for their active participation. More than 20 people from 12 institutions attended the session.