Dr. Fadi Abu Diak Attends and Participates in Discussion Sessions at the Strategic Islamic Economy Meeting in Madinah

As part of the active Palestinian engagement in leading international forums dedicated to the advancement of the Islamic financial services industry, Dr. Fadi Mahmoud Abu Diak – Lecturer at Palestine Technical University Kadoorie and General Manager of Awj Financial Services, Consulting, and Arbitration Company – attended and participated in the discussion sessions of the Third Strategic Islamic Economy Meeting, held on February 10, 2026, in Madinah, Kingdom of Saudi Arabia.

The meeting was organized by the General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella body for the Islamic financial services industry affiliated with the Organization of Islamic Cooperation (OIC), representing more than 140 financial institutions across over 30 countries worldwide 

The third edition of the meeting addressed one of the most significant structural challenges facing the contemporary Islamic banking industry: the effective activation of profit-sharing investment accounts as a core pillar of the Islamic banking model, which is fundamentally based on risk-sharing principles and the linkage between financial intermediation and the real economy.

Discussions were conducted from both regulatory and practical perspectives, focusing on key issues including:

• Regulatory and accounting challenges related to the activation of investment accounts.

• The impact of prevailing banking models on the authentic investment role of funds.

• The alignment of international standards—particularly those issued by AAOIFI and the Islamic Financial Services Board (IFSB)—with practical banking applications.

• Strengthening institutional governance frameworks and ensuring effective segregation between shareholders’ funds and investment account holders’ funds.

The meeting brought together a distinguished group of senior executives from Islamic banks and financial institutions, board members, policymakers, regulatory and supervisory authorities, Shariah boards, representatives of international organizations, as well as academics and researchers specializing in Islamic economics and finance 

This participation reflects the ongoing professional role underta