International Invention Fair Middle East honors Zain
Ahli United Bank sponsors 6th Fiqh Shura Conference
KUWAIT: Zain, the leading telecommunications company in Kuwait, successfully concluded its strategic partnership of the 8th International Invention Fair Middle East, organized by the Kuwait Science Club. The event was held under the patronage of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah during 16-19 November 2015.
Head of the organizational committee of the International Invention Fair Engineer Eyad Al-Kharafi along with Chairman of Kuwait’s Science Club Engineer Ahmad AlManfouhi presented Zain with a token of appreciation during the conclusion ceremony for the company’s efforts in supporting the fair. Local and international inventors displayed their cutting-edge inventions during the fair, which drew the participation of the largest number of Kuwaiti and Arab inventors.
Zain’s support of this event since its inception is part of the company’s keenness to encourage Kuwaiti and Arab nationals’ endeavors in the fields of science and creativity. Zain supports such areas as it believes the opportunity for young Kuwaiti and Arab inventors to exchange knowledge and experience with international inventors is a powerful and fruitful experience.
Zain will continue to foster young talent, believing that the current generation of youngsters holds to the keys to the future development of Kuwait and need to be well supported by private and governmental entities.
The 8th International Invention Fair is one of the most significant and largest specialized exhibitions of inventions in the Middle East, and is considered as the second largest such international exhibition in the world. The fair is part of the International Exhibition of Geneva, and offers an opportunity for inventions from different cultures to be exhibited and the strengthening of relationships among inventors and corporations.
Out of its pioneering role in supporting Islamic economy and developing Islamic finance industry, Ahli United Bank has announced its sponsorship and participation in the sixth Fiqh Shura Conference for Islamic institutions organized by Shura Sharia Consulting Company from November 16-17, 2015.
On this occasion, Ahmed Zulficar, Senior Deputy Chief Executive Officer Banking Support Group at Ahli United Bank stated in a press release that he appreciates participation in such events which helps support the Islamic economy in Kuwait, its promotion and its product development through the discussion of various issues relevant to Islamic finance. The purpose is to keep pace with the continuous development in financing transactions and their constant updates, deepening them from sharia perspective and deriving sharia rules. This goes in line with the Bank management’s concern for and participation in developing Islamic banking to meet banking and economic changes and developments.
Zulficar added: “Ahli United Bank’s support for such conferences and events which discuss the development of the Islamic banking industry stems from the Bank’s vision of the significance of Islamic financing industry and its growing role in the world. Ahli United Bank converted to Islamic banking in April 2010 due to its belief in Islamic banking and its future growth.
As a result of the conversion, the Bank’s success grew under the Islamic sharia performance and has managed over the past 5 years to occupy a prominent position among leading Islamic banks in the region. As a result of this success the Bank has been awarded the highest evaluations from international rating agencies. The Bank also received the ‘Best Islamic Bank in Kuwait Award’ from the Banker magazine for the third consecutive year.”
Zulficar expressed interest in the issues discussed in the conference this year and emphasized that Ahli United Bank saves no effort in supporting the Islamic banking Industry with its great potential though not underestimating the real challenges. He urged all parties concerned to support the Islamic financial industry to achieve further sustainable progress.