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Fatwa and Translation Unit

Fatwa and Translation Unit

The Fatwa and translation unit is in charge of translating resolutions, fatwas and articles relevant to the Islamic finance industry from Arabic to English. This effort assists the Islamic finance industry to be more familiar with the views of leading Islamic organizations, institutions and scholars whose resolutions and fatwas about financial issues are documented in the Arabic language.

The main projects conducted and ongoing under the fatwa and translation unit are as follows:

  1. Translations of Fatwas, Resolutions and Standards from the following institutions:
    1. OIC Fiqh Academy
    2. AAIOFI
    3. Kuwait Finance House
    4. Dallah al-Barakah
    5. Arab Banking Corporation
    6. Faisal Islamic Bank
    7. Muslim World League
  2. Online databases:
    1. Thomson Reuters 
    2. Bloomberg

Research Development & Innovation Department (RDI)

While the inherent strength of Islamic finance has contributed to its viability and resilience, foundations for the sustainability of Islamic finance need to be continuously strengthened.

Islamic Banking Unit

The Islamic banking unit is in charge of conducting research relevant to the Islamic banking industry.

Islamic Capital Market

The Islamic capital market unit conducts research relevant to the capital market sector.

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Takaful Unit

The takaful unit conducts research on the Takaful industry, also referred to as the Islamic insurance industry.

Fatwa and Translation Unit

The Fatwa and translation unit is in charge of translating resolutions, fatwas and articles relevant to the Islamic finance industry from Arabic to English.