Role of R&D in Islamic Finance Highlighted at SAMA’s Second Quarter Islamic Finance Workshop  

The Saudi Central Bank (SAMA) held its second virtual Islamic Finance workshop for 2021, with the core theme focusing around ‘The Contribution of Research and Development (R&D) in the Islamic Finance Industry’. The three main themes discussed at the event included the role of R&D in developing the industry; key areas that shape the focus of R&D and its development, along with significant achievements and future research trends; and recent innovations and practical applications in Islamic finance in addition to the anticipated value addition created from these.

Why it Matters?

Deputy Governor for Research and International Affairs at SAMA, Dr Fahad Bin Abdullah Al-Dossari cited the importance of R&D as being a strategic pill...