The Islamic University of Gaza took part in the first International Conference on Islamic Economic Law which was held at Sultan Maulana Hasanuddin University Banten, Indonesia. This participation was in the framework of a memorandum of understanding signed between the two universities, as part of IUG’s efforts to promote research and academic interaction in the field of Islamic economic law. The conference aimed to consolidate scientific and research efforts in the realm of Islamic economic law, shed the light on the developments and challenges facing this field, and facilitate the exchange of expertise and ideas among researchers and scholars from Indonesia and several participating countries, including Palestine and Malaysia.
The Islamic University’s representation at the conference included Dr. Sadiq Qandeel, the Dean of the Faculty of Sharia and Law, who expressed his deep gratitude to the organizers of the conference and his satisfaction with the participation.
During his presentation, Dr. Qandeel addressed contemporary issues in the field of Sharia for business and finance in detail. He discussed contemporary issues from both an evaluative perspective and proposed developmental solutions for issues related to business and finance. He emphasized that contemporary issues require analysis and position statements, along with ongoing monitoring and review by all relevant economic authorities. He highlighted that these issues present a new side of showcasing the merits of Sharia and its cultural image.
Furthermore, he proposed that a comprehensive model for addressing contemporary issues in the field of Sharia for business and finance should be based on three fundamental pillars: the objectives of Sharia, mechanisms (the templates for establishing Sharia-compliant rulings on contemporary issues), and outcomes (the resulting benefits for individuals and society). This approach ensures that financing results in genuine benefits for individuals and society.
Dr. Qandeel stressed the importance of this conference and its role as a platform for knowledge exchange and the development of Islamic economic law. He emphasized the university’s commitment to supporting scientific research and providing the conducive environment for the development of concepts and ideas related to Islamic economic law.