Central Securities Depository Of IRAN

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CSDI Chairman Speaks of "Waqf Fund" at 13th Intl Forum on Islamic Capital Market

Event Date: 2021-10-18

CSDI Chairman of the Board of Directors elaborates on Islamic finance management and investment in line with Corporate Social Responsibility; "Waqf Fund" at 13th International forum on Islamic capital market held on October 17-18, 2021.

The Securities and Exchange Organization of Iran (SEO) held the 13th Virtual International Forum on Islamic Capital Market on October 17-18, 2021.

Chairman of the Board of Directors of Central Securities Depository of Iran, Mohammad Sadjad Siahkarzadeh, was among the main speakers of the event.

In an address to the gathering, the CSDI Chairman raised issues including Islamic finance management and investment in this market considering Corporate Social Responsibility and Waqf Fund.

Siahkarzadeh initially described "Socially Responsible Investment" from Islam’s point of view and said, "Any investment strategy seeking to consider both financial return and social/environmental good”.

He said, "In Waqf, the fund manager, licensed by the relevant regulator, issues the fund units for the purpose of the benevolent intentions and people willing to participate receive the units by financially contributing to the fund and then the Fund manager uses financial resources to buy the assets eligible for the endowment from the unit holders."

He then went on to speak about CSDI's role in regards with Funds.

The presentation concluded with a Q&A section.

The SEO has organized this event for 12 years in a row. This year, given the outbreak of Corona virus and for the safety measures of all respected participants, the SEO decided to hold this Forum online, just like the previous year.

Over 90 guests from 26 countries are participating in the current year’s event which was opened by the SEO Head Majid Eshqi on Sunday.

Some 10 prominent foreign experts and scholars are scheduled to deliver speeches in the forum along with three lecturers from Iran.

The heads of supervisory institutions from Peru, Maldives, Syria, Montenegro as well as the CEOs of stock exchanges of the Central African Republic and Kazakhstan are also special participants of the mentioned forum.

The theme of this year’s forum is “Global All-pervasiveness of Islamic Finance in Crisis”.

The main topics of this ICM include Islamic Capital Market and Sukuk Industry Roles in Macro-Financial Environment; Artificial Intelligence and Machine Learning in the Context of Islamic Finance; Islamic Alternative Investments: Passive Investing, PE Funds, VCs, etc.; Fintech and Islamic Capital Markets: Experiences, Innovations and Challenges; Start-Ups and SMEs Financing in the Context of Islamic Finance to remove Inflammation caused by COVID-19; Socially Responsible Investment during COVID-19 Crisis; and Crypto Assets in the Context of Islamic Capital Market: Practical and Regulatory Issues (Crypto ETFs, Platforms, ICOs, Tokenization, and Related Issues).

 

Release Date: 2021-10-20