6 March 2018
SOAS and its Centre for Islamic and Middle Eastern Law (CIMEL) hosted an elite gathering of leading Islamic finance practitioners and academics on Thursday, 22 February 2018 in a workshop entitled “Challenging the Shari’ah Compliance of Islamic Finance Products”. The workshop, which is sponsored by the Qatar Financial Centre Authority, took place at SOAS’s central London campus. The workshop was preceded by a public lecture delivered by a legal industry veteran, Michael McMillen, who is a partner with Curtis, Mallet-Prevost, Colt & Mosle. An invitation-only event, the workshop is the preeminent brainstorming event in the industry.
The annual workshop brings together Islamic economists, bankers, lawyers and Shari’ah scholars to discuss the industry’s most pressing issues. This year’s workshop addressed the Dana Gas Sukuk default, an event which threatens to undermine confidence in Islamic capital markets, as well as wider issues concerning sharia compliance. Michael McMillen’s public lecture dealt with the challenges of sharia compliance in the process of the industry’s push to standardise contractual practices.