Central Securities Depository Of IRAN

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CSDI CEO SPEAKS OF ISLAMIC FINANCE OUTSTANDING FEATURES AT 12TH INTL FORUM ON ISLAMIC CAPITAL MARKET

CSDI CEO elaborates on Islamic finance outstanding features at 12th International forum on Islamic capital market held on September 14-15, 2020.

The Securities and Exchange Organization of Iran (SEO) held the 12th Virtual International Forum on Islamic Capital Market on September 14-15, 2020. 

Chief Executive Officer of Central Securities Depository of Iran. Hossein Fahimi, was among the main speakers of the event.

The speech took place as the first one on the second day of the event.

In an address to the gathering, the CSDI CEO raised issues including Islamic finance outstanding features, key issues relating to Islamic capital market, a separate regulatory framework in developing an Islamic capital market and main legal and regulatory challenges in adopting Shariah principles.

During his speech, he enumerated harmonization between Shariah principles and existing legal framework and regulating emerging class of assets such as crypto-assets and crypto-currencies among the main legal and regulatory challenges in adopting Shariah principles. The presentation concluded with a Q&A section.

Hossein Fahimi also proposed forming a Shariah committee or board with an R&D subdivision as among the solutions to resolve the current issues regarding the Islamic capital market.

The SEO has organized this event for 11 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 for the first time.

Some 90 foreign guests from 26 countries participated in the event whose theme was “A Panacea for Emerging Issues” for this year.

 

Release Date: 2020-09-16