Videos – 15TH INTERNATIONAL SHARI’AH SCHOLARS FORUM 2020 (ISSF2020)

**Videos – 15TH INTERNATIONAL SHARI’AH SCHOLARS FORUM 2020 (ISSF2020)**

The International Shari’ah Research Academy for Islamic Finance (ISRA) has successfully organised the 15th International Shari’ah Scholars Forum 2020 (ISSF2020) on the 10th – 11th November 2020 virtually. The theme of ISSF2020 is “Islamic Finance: Balancing between the Norm and the Exception”. The main objective of this topic is to study deeper the basic principles governing Islamic financial transactions through the adherence to Shariah fundamentals and the implementation of fiqh of exceptions without neglecting the aspect of the spirit of Islamic law (Maqasid al-Shariah). This edition of ISSF also featured translations into 3 languages for participants: English, Bengali and French.

ISSF2020 was officiated by YB Senator Datuk Dr. Haji Zulkifli Mohamad Al-Bakri, Minister in the Prime Minister’s Department (Religious Affairs). The first keynote speech was delivered by His Honourable Sheikh Prof. Dr. Koutoub Moustapha Sano, Secretary General, International Islamic Fiqh Academy of Organisation of Islamic Cooperation (IIFA-OIC).

The two-day forum comprised of the following seven sessions:

– First session: Preliminary Fundamentals of the Principle of Honoring the Sharīʿah Texts While Implementing the _Fiqh_ of Exceptions in Modern Financial Transactions and Products;
– Second session: The Principle of Benefit (_Maṣlaḥah_), Its Sharīʿah Parameters, and Practical Implementation of It in Modern Financial and Banking Transactions;
– Third session: Sharīʿah Parameters of the Principles of Necessity (_Ḍarūrah_) and Need (_Ḥājah_) and Their Practical Implementation in Modern Financial and Banking Transactions;
– Fourth session: Critical Appraisal of Banking Products Based on the Principles of Necessity (_Ḍarūrah_), Need (_Ḥājah_) and Benefit (_Maṣlaḥah_);
– Fifth session: Critical Appraisal of _Takāful_ Products and Operations Based on the Principles of Necessity (_Ḍarūrah_), Need (_Ḥājah_) and Benefit (_Maṣlaḥah_);
– Sixth session: Presentation and Appraisal of Capital Market Products Based on the Principles of Necessity (_Ḍarūrah_), Need (_Ḥājah_) and Benefit (_Maṣlaḥah_);
– Seventh session/Open dialogue: Towards Sharīʿah Parameters for Implementation of the Principles of Necessity (_Ḍarūrah_), Need (_Ḥājah_) and Benefit (_Maṣlaḥah_) in Modern Islamic Financial Transactions.