DOHA: Under the patronage of Minister of Social Development and Family H E Maryam bint Ali bin Nasser Al Misnad, and in celebration of the International Youth Day, the Social Development Center (Nama) organised a seminar on financial culture: consumption, saving, and investment as part of the financial awareness project ‘Aazim’ Nama, is one of the Ministry of Social Development and Family (MSDF)’s Qatar Foundation for Social Work’s centers. The 1st session of the seminar dealt with consumption culture in Islamic Law and Behavioral Psychology, during which Ministry of Awqaf and Islamic Affairs preacher Shaker Al Shahwani discussed the concept of consumption from an Islamic perspective and dealt with related ethical principle, whereas, Director of Family Research and Policy at the Doha International Family Institute (DIFI) Dr. Khalid Al Nama discussed the impact of psychological marketing on consumption, its impacts on shaping consumption behaviors, strategies to reduce the negative impact of marketing, and balancing between profit and social responsibility.
The 2nd session handled the topic of financial intelligence: savings and investment, presented by Professor of Public Finance at Qatar University’s College of Business and Economics Dr. Mahfoodh Al Saadi who discussed the concept of saving, historical saving practices and ways to benefit from them currently, in addition to the relationship between savings and financial security, and modern savings methods. For his.