Islamic scholars and experts in the financial and banking sectors on Wednesday stressed the need to find appropriate solutions to liquidity management challenges faced by Islamic banks.

They asserted during the Second International Conference on Islamic Banking and Finance titled “Liquidity Management in Islamic banks”, that Islamic banks have achieved substantial growth and their role cannot be ignored in the world of economy and social development.

The conference, which is organized by UJ’s Faculty of Shari’a, Department of Islamic Finance and Banking, seeks to highlight key Islamic banking issue that requires research and study.

Inaugurated by UJ President, Prof. Ekhleif Tarawneh, the conference will examine aspects related to liquidity management in Islamic banks, including the impact of legislation on liquidity management, risks of liquidity management, understanding and managing liquidity risk, and liquidity management practices in Islamic banks.

Prof. Mohammed Khatib, Dean of the Faculty of Shari’a said during the conference, that Islamic finance faces a number of challenges that impede their work, including the problem of managing excess liquidity.

Scholars and Islamic finance expert from 10 Arab and Muslim countries are attending the conference.