Islamic Finance Events - Congress Conference Summit Seminar Workshop Forum

First Islamic trade finance #workshop in #Uzbekistan

The International Islamic Trade Finance Corporation (ITFC), the Ministry for Foreign Trade of Uzbekistan and the United Nations Development Program (UNDP) have come together for the first trade finance workshop titled "Trade Finance as a Key Factor in Trade Promotion". ITFC's chief operating officer Nazeem Noordali said that ITFC and the government of Uzbekistan signed a $100 million framework agreement to finance pre-export and import activities in the country. He added that ITFC was working closely with its partners to promote Islamic trade finance among the Uzbek banks and non-banking financial institutions.

Regulators meet to explore ways of expanding Islamic financing

The National Treasury of #Kenya and the International Financial Services Board organized a three-day forum on Islamic finance. The country's five financial regulators met to explore ways of expanding Islamic finance and discuss the challenges they are facing. Challenges include low levels of awareness among the public as well as inadequate manpower to disseminate information.

Istanbul: Islamic financial body vows to stay relevant

The General Council for Islamic Banks and Financial Institutions (CIBAFI) held its two-day Global Forum in Istanbul. The forum’s main theme was "The New Face of Financial Services: Disruptions, Opportunities and the New Normals". Secretary-general Abdelilah Belatik said that CIBAFI would stay relevant in the industry as the world changes. CIBAFI's mandate is to represent the Islamic financial services industry globally, defend and promote its role, and to also consolidate cooperation among its members. Mehmet Ali Akben, chairman of the Turkey's Banking Regulation and Supervision Agency (BDDK), said that while globalization had made countries come closer together, it also brought along risks. He added that countries need international cooperation and CIBAFI is one of the best examples of having cooperation and partnership between the countries.

New report highlights how Islamic financial institutions are addressing the environmental & social impact of their financing

The Responsible Finance & Investment Summit 2018 concluded with a report about Islamic financial institutions’ perceptions and actions on their environmental and social impacts. The report includes a detailed survey of over 30 Islamic financial institutions’ sustainable finance practices. During the RFI Summit 2018, participants heard a call to action on impact finance from speakers like HRH Emir Muhammadu Sanusi II, Emir of Kano, Dr. Henri B. Meier, Dr. Iyad Abu Moghli and others. The winners of the Support Disruption for Good Challenge presented their companies. The three winners, AID:Tech, INBONIS and thirdACT, demonstrated how companies can use technology to enable greater investment and financing to flow to support healthcare, agriculture and sustainable cities.

RFI #Summit 2018 is partnering with the leading global environmental authority to increase links between faith-based finance & environmental impact

The UN Environment Programme is organizing a pre-Summit roundtable on "Faith-Consistent Financing Prospects to Achieve the Sustainable Development Goals (SDGs)". The roundtable will explore opportunities for faith-based financial institutions and asset owners to promote common efforts that can increase their collective impact. Iyad Abumoghli, Principal Advisor at UN Environment said the UN was excited to partner with the RFI Summit, which has developed into a leading platform for encouraging dialogue between faith-based institutions and the financial sector.

For more information about the RFI Summit 2018 and to register, please visit www.rfisummit.org.

Call for Good Practices on Islamic Finance and Impact Investing Activities

Click here to apply http://bit.ly/2tN5RAZ

Purpose of this call is to invite private and public sector to share their good practices on
•Islamic finance funded impact investments and dedicated vehicles
•impact investment vehicles in the OIC region
•Islamic social finance vehicles

for the mapping study that is being carried out under the Global Islamic Finance and Impact Investing Platform (GIFIIP). The selected cases will be analysed by the research team managed by IICPSD and IRTI. Subsequently the good practices, information on vehicles and further findings will be published as part of the study.

Investment Focus

CBK-IFSB #Conference on Islamic Finance themed "Islamic Finance: A Universal Value Proposition"

The Central Bank of Kuwait (CBK) and the Islamic Financial Services Board (IFSB) are organizing a conference on Islamic Finance on the 2nd of May 2018. The conference will be held in the State of Kuwait in conjunction with the IFSB Annual Meetings 2018, hosted by the CBK. The CBK-IFSB Islamic finance conference is expected to attract senior-level participation from among the global and financial industry stakeholders and thought leaders. Discussions will revolve around the role Islamic finance can play in government strategies to build a diversified and sustainable economy. The IFSB Annual Meetings 2018 will be held in Kuwait from 1–3 May 2018. Alongside the conference, CBK is also hosting the IFSB Public Lecture, Members and Industry Engagement Session, the IFSB’s General Assembly and Council Meetings during the 3 days.

Expanding Finance to the Agri/Food, Healthcare, Sustainable Cities & Education Sectors

The organizers of the Responsible Finance & Investment Summit have announced the judging panel for the "Support Disruption for Good" Challenge. The judging panel will select one winner in each category, against transparent criteria of each entrant’s relevance to the Priority Sectors (agri/food, healthcare, sustainable cities and education).

The judges, who serve in their personal capacity, are:
• Dr. Mohammed Kroessin, Head of Islamic Microfinance, IRW
• Rachel Zedeck, Director, Climate Smart Agri & Impact Investment Strategies at Peterson and Control Union
• AlDana Banihashem, General Manager, Al Naser Engineering
• Conrad Young, MBA, Managing Director, Food Forward Ltd
• Dr. Farid Khan, Executive Chairman, Simply Capital Partners
• Dr. Natalie Schoon, Principal Consultant, Formabb Ltd
• Julian Osborne, Head of Operations, Swiss Finance + Technology Association
• Boris Battistini, Partner, Metellus AG

Source: 

Islamic #fintech adoption is set to increase

According to experts, the adoption of Islamic fintech will soon see a global increase as nations focus on financial inclusion across emerging economies. At the 11th edition of Innovation Arabia, Mohamed Roushdy, founder of Fintech Bazaar, revealed that traditional fintech has been existing for long as a service provider supporting financial services, but not customers. When it comes to fintech adoption today, adoption is highest in Asia in emerging economies. China leads the way with 69% adoption, followed by India at 52%. In terms of financial inclusion, Roushdy said the situation looks rather bleak across many Muslim nations. According to the Global Findex Database, 71% of Muslims have no bank account. Professor Nabil Baydoun, vice-chancellor at Mohammed Smart University (HBMSU), said the importance of the Islamic economy is seen as a vital resource and a contributing factor in the transition to the post-oil economy. The 11th edition of the event is being held under the patronage of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai.

London Islamic Finance Centre Shines at #Sukuk #Summit

Leading Islamic finance experts gathered at the London Stock Exchange for the Sukuk Summit organized by the Islamic Development Bank (IDB). IDB President Dr Bandar Hajjar highlighted the need for London to be at the heart of the "Islamic finance revolution" and for it to leverage its global marketplace. He highlighted the continued global growth of the Islamic finance market, in particular the growth within the UK. He also cited the financial inclusion and shared prosperity model which is at the heart of Islamic finance transactions. The London Stock Exchange is home to a number of sukuk listings, with 65 sukuk having been listed on the London Stock Exchange valued at $48 billion. John Glenn MP, Economic Secretary to the Treasury said the UK had supported market-driven innovations in the field of Islamic FinTech and the government was determined to ensure continuation.

Emir of Kano to Deliver Opening Keynote Address at the RFI #Summit 2018

The organizers of the Responsible Finance & Investment (RFI) Summit 2018 have announced the opening keynote speaker for the Summit, His Royal Highness Emir Muhammadu Sanusi II, Emir of Kano. His Royal Highness will share his experience in advocating for sustainable economic development and the creation of a more equitable financial system.

Emir Sanusi began his career as a banker until he was appointed Governor of the Central Bank of Nigeria in 2009 and then Emir of Kano in 2014. He won an international reputation as a reformer following the bail-out of nine lenders soon after becoming Governor of the Central Bank.

Blake Goud, CEO of the RFI Foundation, and the RFI Summit organizers feel honored to have HRH Emir Sanusi delivering an opening keynote address.

The RFI Summit will take place on 26 and 27 April 2018 at the Atlantis Hotel by Giardino in Zurich, Switzerland. The summit is an initiative of the RFI Foundation and Swiss Arab Network to build awareness of shared values that can bring socially responsible investing (SRI), environmental, social and governance (ESG) and Islamic finance together to increase their positive impact.

Media Contacts

Gassner's picture

#GlobalDonorsForum scheduled

London, United Kingdom | September 10-12, 2018 -

@Note: Looking forward meeting you in person! Partners, sponsors and delegates with question may contact me personally - gassner@islamicfinance.de

Topic: Building Resilient Ecosystems: Philanthropy's Response to Inequality and Societal Tension

London can be at the heart of the Islamic finance revolution

This Monday the world’s leading investors and experts will meet in London to discuss Islamic finance, with special focus on the Sukuk. Islamic finance has grown significantly within the UK in recent years. The Islamic Development Bank (IDB)’s funding plan for the first half of 2018 is estimated at $2.5bn, the largest since the Bank’s inception. A benchmark sized Sukuk issue will soon be launched ant the proceeds will be used to support infrastructure, education and health projects across the 57 member countries. According to IDB president Bandar Hajjar, the UK and London in particular will be at the heart of the Islamic finance revolution and Monday’s summit is a great place to start.

Gassner's picture

Public Lecture in London, Wednesday 21st February 2018, SOAS University of London 7.00 PM-8.30 PM

Happy to meet in real life! PUBLIC LECTURE ON ISLAMIC FINANCE: The meaning of Shari’ah compliance goes to the heart of Islamic finance and its value proposition.

SOAS University of London
SOAS Main Building, DLT Lecture Theatre
Wednesday 21 February 2018, 7:00-8:30pm

More details in the attached pdf file.

Best regards,

Michael Gassner

Islamic finance: IFSB #forum to focus on preserving wealth

The 12th IFSB-INCEIF Executive Forum on "Preserving Wealth and Generating Long-term Value through Islamic Finance" will take place on 6 and 7 March 2018 in Kuala Lumpur, Malaysia. The Islamic Financial Services Board (IFSB) and the Global University of Islamic Finance (INCEIF) have announced the speakers of the event. The forum will feature topics such as the role of wealth management from an Islamic perspective, the role of the Takaful sector, Shari’ah-compliant opportunities for retirement planning and wealth management, realising long-term societal development through social contracts and regulator’s role in promoting risk management practices. The forum is ideal for regulators and supervisors of the Islamic financial services industry, scholars and researchers, especially those in the area of Islamic wealth management.

Islamic #microfinance necessary for poverty eradication

The 7th Global Islamic Microfinance Forum successfully concluded in Istanbul between 24–28 November, 2017. The first two days of the conference focused on topics like Islamic microfinance financial technology, financial inclusion, Micro Takaful, Waqf and Zakat as Supportive Elements for Islamic Microfinance. In the next two days, Islamic Agriculture and Rural Finance, the role of Islamic finance in the rural development and micro takaful came under discussion. While addressing the inaugural ceremony, Khaled Al-Aboodi, CEO of the Islamic Corporation for the Development of the Private Sector (ICD), said that Islamic microfinance was a core element of Islamic financial industry. Dr Amjad Saqib, Founder of Akhuwat Pakistan welcomed the guests and participants. He further announced that the next time such an event would be organised would be in London next year in October.

#Workshop on enhancing poor’s capability, financial #inclusion begins

An international workshop on "Enhancing the poor’s capability and financial inclusion from Islamic perspective" took place in Islamabad, Pakistan. On the first day, experts discussed the role of Islamic micro-finance in socio-economic development and economic empowerment of women. President of the International Islamic University Islamabad (IIUI), Dr Ahmed Yousif said Islamic financial institutions would have to play their role as objectives of value orientation. He called upon the Muslim world to stay united and include Islamic teachings in the economic system. Dr Atiq-uz-Zafar, director general of the International Institute of Islamic Economics of the IIUI, said that the session of the workshop would also include detailed research papers of the experts. The workshop will conclude today at Faisal Mosque campus.

Amity Foundation Participates in Faith in Finance Meeting in Zug, Switzerland

Financial investors of more than 30 different faiths attended the Faith in Finance meeting in Zug, Switzerland. Qiu Zhonghui, General-Secretary of the Amity Foundation also joined the the talk on religious investment funds. At the Faith in Finance meeting, Elliott Harris, UN Assistant Secretary-General stressed that investment in the field of sustainable development will play an important role in the 2030 Agenda of the UN. The United Nations estimates that religious institutional funds make up around US$10 trillion of the world's invested funds. Participants set out their own Guidelines on what they will invest in, noting that a good proportion of the money should be invested in environmental and sustainable development. Delegates agreed to set up a platform for cooperation and investment service under the sustainable framework of the Agenda 2030.

Islamic banks brace to re-engineer itself to address customer needs in digital era

The World Islamic Banking Conference (WIBC) is taking place on December 4th, 5th and 6th, in the kingdom of Bahrain. The theme for WIBC 2017 is Drivers of Economic Growth & Risks: Policymakers & Regulators. WIBC is expected to draw participation from over 1,300 global industry leaders, policy makers, innovators and stakeholders, all focused on navigating through the complexities of the global financial system. CEO of Path Solutions, Mohammed Kateeb, said the Islamic finance industry was going through drastic changes as a consequence of evolving customer behavior, channel proliferation and the digitization of operations. He underlined the importance of recognizing common challenges and opportunities facing the industry at large.

ADIB hosts regulatory compliance #forums for banks from #Sudan and #Iraq

Abu Dhabi Islamic Bank (ADIB) held forums on the international regulatory environment for banks from Sudan and Iraq to support their increasing integration into the global economy. The forums followed the lifting of the United States' longstanding sanctions against the government of Sudan on 12 October 2017. Andreas Meletiou, ADIB’s Head of Global Financial Institutions, said the seminars were equally important for transfer of knowledge and experiences, as well as for deepening networks. The two separate forums gathered around 50 bankers from each country to discuss the evolving international regulatory environment for financial institutions. They addressed issues such as Basel III and IFRS 9 requirements as well as anti-money laundering measures. ADIB, which has a large retail and corporate banking operation in its home market of the United Arab Emirates, also operates a wide international network, including Egypt, Iraq, Sudan and the United Kingdom.

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