My brothers and sisters assalamualaikum, warahmatullahi wabarakatuh. It is really a great pleasure and honor for me. To participate in this pan earring project that is being presented today. Not only for discussion, but also to take practical measures to implement it.
First of all, I would like to point out that when we speak of Islamic Finance, some people Some people understand that Islamic Finance is restricted to the Muslims only.
No doubt it is. the principles governing Islamic Finance are provided by the Holy Quran and Sunnah of the holy prophet Muhammad sallallahoalyhiwasallam And Muslims are bound to follow them in there in each sphere of their life. But so far as Islamic Finance or Islamic trade is concerned. Its benefits are not restricted to Muslims only. They comprise some principles guiding principles that are for the back for the betterment of the entire Humanity at Large. so, therefore It is not Muslims only that benefit from these principles and these values, but it also, it gives a better solution for the economic economic Affairs throughout the world.
Today, we will see that the human beings have experienced different systems of economy. There has been Feudalism then came capitalism socialism and communism. But none of these systems could solve the problems of human beings so far as their economic life is concerned. Allah subhanahu wa’ta’ala through the Holy Quran and the teachings of the holy prophet, Muhammad sallallahu wasallam. Have has given us a set of principles. Governing each sphere of life, including economy and finance. These principles are not made by human beings. Only on the basis of Reason, only on the basis of experience, but they are given to us by Revelation from directly from Allah subhanahu wa’ta’ala. Therefore, they aim at The betterment of all humankind are human beings in this group. So then this is the reason why. Non Muslim countries are also interested in practicing according to those principles that are set by the Islamic Financial system. For that purpose. In the last year, I think I was very kindly
by this you know you are going to city that is for higher studies of Law and economy. And when I was in Moscow, brother else, he and brother, Krill they have told me that they are thinking about a product or a project in which they want to use Islamic Finance for the for the food security. And part of the purpose of exporting grains to the Muslim countries on the basis of Islamic, Financial more, Islamic modes of financing. I was very happy to see that they had developed this understanding and they have formed a forum in which this suggestion was being was discussed. so, I personally Advise them to take this product or this Vision before a gathering in and in which all the stakeholders are present and in which this concept may be discussed and I will suggested that it should be given in a conference that is held being held by geography and hamdulillah. It is the it was my dream. And it was realized in practice today. Why I’m happy for that? The basic concept before, you know, behind this
suggestion, or behind this product, or behind this pigeon is that food is the basic need of human beings. No person can deny it. Be Muslim or non-muslim or From Any Nation. He needs food but the food trade of food in our Economic system has been subjected to many manipulations. And when the traders of food traders of grain, they come to the market, they act Bond their own concepts of earning as much money as they want. And for that purpose, there is a chain of middlemen. There is subject, there is, you know, pistillate speculative transactions. Because of pinch the food or grains cannot reach the poor people except on a very high price, that cannot afford. So, if we act upon the principles, given to us by those who loves Allah, or slm, and by the Holy Quran, then this Gap may be filled and the need for food. Can be fulfilled through these transactions, which are compliant with the Islamic the basic principles of Islamic finance. And for example, Russia is the biggest exporter of wheat
And biggest, I think very some of the big countries that produce grain. So, They wanted to use Islamic Finance to finance their exports to other countries on the basis of Islamic principles. So that the Muslim countries and in particular the Middle East countries would benefit from this and they make May establish a constant relationship with them too. Sport grain to distribute grain among the the nearby countries and also to the Muslim countries on a fair basis on an equitable basis basis, that will be very beneficial for the poor people who need grains. So this this is the basic vision. And for that purpose, they have established a kind of relationship. Bit between themselves and between some stakeholders and be between some companies that is Swanee company. So today, we will discuss in Chihuahua this unique unique product and we will discuss how the pros and cons of The Proposal that is before us and Find out the solutions to the food security problem and for the the Ambitions of Russia
to export grains to the countries to the Muslim countries through Islamic finance. And I hope that inch’allah this session and these discussions will throw light, throw more light on the vision that is The subject matter of this session. And I hope that all the participants, all the participants will contribute to the will contribute to the two different Horizons of the vision, and I hope that Allah subhanahu wa’ta’ala May guide us for that insha Allah who Tawana and hamdu lillahi. Rabbil al-amin