SABIC establishes Islamic finance chair at Al-Imam University

Riyadh, November 17, SPA -- A “SABIC Chair for Islamic Finance Market Studies”
has been established at the Imam Mohammed bin Saud Islamic University in line with
the company’s efforts to develop and find innovative financial and investment
channels that apply Islamic rulings.

The chair aims to enhance research in Islamic finance to support the continuous
development of Saudi Arabia.

It also seeks to develop a knowledge-based economy, perform scientific research
based on the needs of the community, and deepen understanding of Islamic finance.

Other goals include integration of scientific research between the university and
research institutions, provide sufficient financial resources for encouraging
scientific research, develop talent in the field, collaborate with the concerned
government bodies for issuing and circulating securities, and build Saudi Arabia
into a global financial center providing Islamic financial services.

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