ABG sponsors 43rd Al-Baraka Islamic Economics Symposium in Madinah

Shaikh Abdullah Saleh Kamel, Chairman of ABG
Short Url
Updated 14 March 2023
Follow

ABG sponsors 43rd Al-Baraka Islamic Economics Symposium in Madinah

Al-Baraka Group has announced its strategic sponsorship of the 43rd edition of the Al-Baraka Islamic Economics Symposium. The event is being held at the University of Prince Mugrin in Madinah on March 15-16, under the theme “The Sustainability Authenticity in Islamic Banking.”
This year’s edition will witness widespread participation from a group of senior officials, board members and chief executives of government economic agencies, central banks, financial institutions, Islamic banks and financing companies from around the world. Joining them will be well-known experts in the field of academics, including researchers, university professors, master’s and doctoral students, Islamic economics and Shariah experts, as well as social media influencers in Islamic finance and economics in the Kingdom.
The symposium aims to highlight how the concept of sustainability is rooted within the principles and provisions of Islamic law, and how to achieve UN sustainable development goals according to the mechanisms and tools of Islamic economics.

Through our annual sponsorship of the symposium, we are keen to meet the needs of those interested in Islamic banking jurisprudence all over the world.

Shaikh Abdullah Saleh Kamel, Chairman of ABG

Over the last four decades, Al-Baraka Islamic Economics Symposium has established itself as the leading integrated forum covering Shariah, banking, economics, regulatory and other aspects of the industry.
ABG, as an annual sponsor of the symposium, will have a strong presence at the forum led by Shaikh Abdullah Saleh Kamel, chairman of ABG and the board of trustees of Al-Baraka Islamic Economics Symposium. He will be joined by the group’s executive management team in order to review several banking topics and discuss the latest developments in Islamic banking and finance in a way that seeks to explore recommendations to enrich the industry and find practical solutions to the challenges facing the development of the sector.
Kamel said: “Through our annual sponsorship of the symposium, we are keen to meet the needs of those interested in Islamic banking jurisprudence all over the world, by providing a scientific reference in research, the committees’ work, Shariah boards and fatwas, and assisting in the development of Islamic financial products that meet technical and Shariah requirements, while also supporting the immediate requirements of the group’s units, its sister banks and Islamic financial institutions...”
He added: “We are honored that Al-Baraka Islamic Economics Symposium, and the recommendations and fatwas it has issued over the past years, have become a basic scientific reference and a rich database in research and fatwas issued by the Shariah bodies of Islamic banks and financial institutions, Fiqh academies and related bodies in various countries around the world. This is a testament to the remarkable contributions made by ABG with the aim of strengthening the sector, overcoming obstacles facing its development, and paving the way for broader horizons of growth and sustainability in Islamic finance.”

 


ITC Infotech accelerates Vision 2030 through digital hub in Riyadh

Updated 17 January 2026
Follow

ITC Infotech accelerates Vision 2030 through digital hub in Riyadh

ITC Infotech’s commitment to delivering real digital change in the Middle East is reinforced by strengthening collaboration and working more closely with customers on the ground. The establishment of its Digital and AI Engineering Hub in Riyadh brings superior digital engineering and AI skills closer to businesses, allowing for speedier collaboration, localized innovation, and solutions targeted to regional needs. This strategic expansion aligns with Saudi Arabia’s Vision 2030 and underscores ITC Infotech’s long-standing emphasis on partnership-led growth and customer-centric innovation.

The hub was officially inaugurated on Jan. 15 by Sanjiv Puri, chairman and managing director of ITC Ltd. This facility is designed to help enterprises leverage advanced technologies and convert digital ambitions into measurable business outcomes. This move aligns closely with Saudi Arabia’s efforts to build a knowledge-driven economy powered by innovation and technology.

Saudi Arabia’s digital leap

Vision 2030 is more than just economic diversification; it is a clear blueprint for creating a technologically advanced society. This vision is centered on the integration of artificial intelligence and digital engineering, which are transforming industries and enabling long-term, sustainable growth. The strategic importance of AI is clear, with the Saudi Data and AI Authority estimating that it may add $135 billion to the Kingdom’s GDP by 2030. This commitment is supported by significant investments, including $14.9 billion announced at LEAP 2025 to advance digital infrastructure, talent, and next-generation technologies, as well as historic projects like the $2.7 billion Hexagon Data Center in Riyadh. Together, these efforts are laying the foundation for a secure, resilient, and future-ready digital ecosystem that can support AI adoption, data-driven governance, and smart city development at scale.

What the hub offers

ITC Infotech’s Riyadh hub is designed to fuel this momentum by focusing on three core areas:

  • AI-powered platforms: Delivering predictive analytics, intelligent automation, and data-driven insights to help businesses transition from reactive operations to proactive strategies.
  • Digital engineering solutions: Leveraging Industry 4.0-driven smart manufacturing capabilities, integrating AI-led modeling, connected systems, and advanced analytics to optimize production performance, improve asset utilization, and proactively reduce operational and quality risks across the engineering lifecycle.
  • Cloud-native architectures: Building agile, secure, and resilient ecosystems that enable faster innovation and seamless integration across enterprise systems.

These capabilities are designed to enable organizations to innovate, scale, and compete in a rapidly evolving digital economy. Beyond technology, the hub is fundamentally anchored in building a team of the region, from the region, for the region and for global impact. Through structured skill-building programs, deep partnerships with academia, systematic knowledge transfer, and immersive, hands-on delivery models, the hub is creating a future-ready Saudi workforce fully aligned with Vision 2030 and capable of serving both national and international priorities.

Driving enterprise transformation 

The ITC Infotech hub aims to enable transformation rather than simply deploy technology. By driving AI adoption, accelerating digital engineering, and building cloud-native ecosystems, ITC Infotech seeks to help businesses:

  • develop new business models to meet evolving market needs.
  • improve operational efficiency through predictive insights and automation.
  • support sustainability goals by optimizing resources and reducing risks.
  • build a skilled local workforce capable of leading future innovations.

These outcomes support enterprises as they transition to more resilient, data-driven, and digitally mature operating models.

The road ahead

ITC Infotech is a wholly owned subsidiary of ITC Limited, one of India’s largest conglomerates, with over 25 years of experience as a trusted technology services partner to enterprises globally. The company focuses on next-generation enterprise transformation, delivering services across infrastructure and application modernization, cloud, cybersecurity, digital engineering, and AI-led innovation.

As Saudi Arabia continues its digital journey, ITC Infotech’s combination of global expertise, strong local presence, and collaborative delivery model positions it as a long-term partner in advancing Vision 2030. ITC Infotech’s hub in Riyadh reflects this commitment, bringing advanced capabilities closer to customers, investing in local talent, and enabling enterprises to adopt AI at scale as they compete in an increasingly digital world.