Measuring the contribution of Islamic Finance to the economy - Workshop on Islamic Finance in the National Accounts
24-10-2017 – 26-10-2017 Beirut
The workshop is organized by STAT/DESA jointly with the United Nations Economic and Social Commission for Western Asia (ESCWA). Islamic finance does not operate in the same way as conventional finance as it follows the Shari’ah Islamic law, principles and rules, which do not permit receipt and payment of interest, excessive uncertainty, gambling, or short sales or financing activities that are considered to be harmful to society. The workshop aims to increase the capacity of participating countries on the statistical treatment of Islamic finance in the national accounts. The workshop will address proposals on how to sectorize Islamic financial instruments and the corresponding property income and related transactions, and how to calculate and record the output of Islamic financial services.