Madinah forum to discuss Islamic finance progress

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Last year’s symposium brought together financial leaders, experts, and representatives from around the world. (File Photo)
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Last year’s symposium brought together financial leaders, experts, and representatives from around the world. (File Photo)
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Updated 15 April 2025
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Madinah forum to discuss Islamic finance progress

  • Symposium will explore six main topics and over 20 sub-themes, focusing on Islamic banking’s role in economic development, justice, and sustainability
  • Scientific sessions will cover early foundations, current industry analysis across economies, and regulatory and technological shifts

JEDDAH: Under the patronage of Madinah Gov. Prince Salman bin Sultan, Al-Baraka Islamic Economics Symposium will be held on Wednesday under the theme “Islamic Banking in 50 Years: Achievements of the Past and Hopes for the Future.”

Hosted by Prince Muqrin University’s female campus, the event’s 45th edition will gather ministers, financial leaders, experts, and representatives from more than 15 countries.

The two-day symposium will explore six main topics and over 20 sub-themes, focusing on Islamic banking’s role in economic development, justice, and sustainability.

Scientific sessions will cover early foundations, current industry analysis across economies, and regulatory and technological shifts.

Future-focused discussions will highlight Shariah governance, financing mechanisms, Islamic windows, acquisitions, and the sector’s contribution to sustainable development.

Distinguished individuals and institutions will be honored for advancing Islamic economics in theory and practice.

Abdullah Saleh Kamel, the forum’s chairman, said that since 1981, Al-Baraka has been a key platform for dialogue on Islamic economics.

He said the 50-year milestone offers a chance to reflect and look ahead, reaffirming the commitment to innovation, financial inclusion, and Shariah-compliant progress.

Several cooperation agreements will also be signed, reinforcing the symposium’s role as a hub for intellectual exchange.

A documentary titled “Glimpses of Islamic Banking: From Inception to Contemporary Reality” will be screened, tracing the evolution of Islamic banking and its pioneers.

The symposium will also announce this year’s nomination topics for the Saleh Kamel Award for Islamic Economics, which honors his legacy and supports excellence in research.


Saudi Arabia led green building performance regionally in 2025: Report

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Saudi Arabia led green building performance regionally in 2025: Report

  • Saudi Arabia achieved the highest regional score of 76.31 points and certified more than 1.03 million sq. meters of sustainable building space
  • Results reflect measurable efficiency gains across 6,662 projects completed since 2010, marking a new regional benchmark for measurable sustainability progress

RIYADH: Saudi Arabia led the region in sustainable building performance and environmental impact in 2025, according to the Saaf index developed by the Saudi Green Building Forum.

Saudi Arabia achieved the highest regional score of 76.31 points and certified more than 1.03 million sq. meters of sustainable building space, the Saudi Press Agency reported on Wednesday.

These results reflect measurable efficiency gains across 6,662 projects completed since 2010, marking a new regional benchmark for measurable sustainability progress and institutional excellence.

The achievement underscores Saudi Arabia’s growing influence in advancing sustainable construction across the Middle East and supports the Kingdom’s Vision 2030 objectives for cleaner growth, resource efficiency and climate resilience through data‑driven environmental performance.

Faisal Al‑Fadl, secretary‑general of SGBF, said that 2025 represented a major turning point toward a measurable, institutional sustainability strategy that united policy, technology and practice.

He added that the approach extended beyond renewable energy, clean water and eco‑friendly materials to embed sustainability in economic planning and public development programs, made possible through integrated efforts with regional governments and public institutions.

The Saaf index provides a specialized regional framework for measuring efficiency and resilience through the Sufficiency and Resilience Composite Index, or SCI, enabling precise performance assessments.

Findings show that the sector has evolved into a cohesive strategy integrating project delivery, professional capacity building, market innovation and climate action.

According to the SGBF review, Saudi  Arabia’s achievements reflect its ability to combine quality implementation, institutional maturity and scale.

Environmentally, green building projects achieved an estimated 62,800 tonnes  of  carbon‑equivalent annual reduction and earned 29 professional recognitions, reinforcing growing international acknowledgment of Saudi leadership in sustainability.

The data also underscore SGBF’s role as a professional partner in advancing methodologies, applications and impact measurement within non‑governmental frameworks that link policy and practical execution.

More than 7,300 professionals across 22 Arab countries engaged with the Saaf platform in 2025, alongside numerous business‑driven initiatives expanding the region’s sustainable‑development footprint.

Al‑Fadl said that the period from 2025 to 2026 would act as a bridge toward Vision 2030, strengthening a model in which sustainable buildings were managed by impact, measured through indicators and implemented via lasting partnerships.

SGBF serves as the Kingdom’s leading platform for advancing sustainable construction and green design. It unites experts, innovators and practitioners dedicated to building environmentally responsible and high‑performance structures.

Through continuous education, certification and collaboration, SGBF drives the transformation of Saudi Arabia’s building sector — minimizing environmental impact, promoting resource efficiency and improving overall quality of life for communities nationwide.