Islamic Finance Events - Congress Conference Summit Seminar Workshop Forum

The World Bank-IFSB High-Level Seminar on Islamic Finance Attracts Large and Enthusiastic Audience

More than 100 participants participated in the World Bank-Islamic Financial Services Board (IFSB) High-Level Seminar on Islamic Finance and the Sustainable Development Goals (SDGs) on October 6. The Seminar was highlighted by a keynote address by his Royal Highness Muhammadu Sanusi II, the Emir of Kano and former Governor of the Central Bank of Nigeria. The Emir stressed the potential of Islamic finance to mobilise much needed capital to achieve the SDGs. Ms. Arunma Oteh, the Vice President and Treasurer of the World Bank, similarly stressed the importance of Islamic finance as an agent for financial inclusion and for mobilising private investment in infrastructure. The panel discussion examined how countries are increasingly using Islamic finance to support developmental goals, and innovative sukuk structures supporting both physical and social infrastructure.

MICROFINANCE EVENT: Executive #Forum: Financial Inclusion and Islamic Finance, November 11-16, 2016, Kuala Lumpur, #Malaysia

The Financial Inclusion and Islamic Finance Forum is scheduled to take place in Kuala Lumpur between the 11th and 16th of November. The event is hosted by the IFSB, a Malaysia-based standard-setting organization that issues guiding principles for banking, capital markets and the insurance sectors. The other host is the International Centre for Education in Islamic Finance, a university also based in Malaysia and centered around the Islamic finance industry. The standard fees to attend are USD 1,200 if registering by November 2, 2016, and USD 1,500 if registering after.

Noor Bank to support arts and design component of Global Islamic Economy #Summit 2016

Noor Bank has committed its support to the art and design exhibition at the Global Islamic Economy Summit (GIES 2016). GIES 2016 is scheduled between 11-12 October at the Madinat Jumeirah Hotel in Dubai and is under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum. The summit is anticipated to convene more than 2,000 policymakers to discuss key developments of the Islamic economy sector. Speaking on the bank’s participation in GIES 2016, Hussain Al Qemzi, CEO of Noor Bank, said that this event deeply resonated with Noor Bank’s core values. Noor Bank is looking forward to showcasing the exhibition which features signature art works of this year’s emerging artists alongside established names in the field.

#OIC celebrates 47th #anniversary in Istanbul

The 47th anniversary of the Organization of Islamic Cooperation (OIC) was celebrated on Saturday in Istanbul. The event was organized by the Research Center for Islamic History, Art and Culture (IRCICA). Halit Eren, general director of IRCICA, said the organization had two main goals, one to restore Islamic cultural heritage in Muslim regions in war and the other to struggle with radicalism. Eren said the OIC works on projects to restore the historical structure in the walled city of Jerusalem and in war-torn Syria. OIC General Secretary Iyad bin Ameen Madani was the main speaker of the organization. In his speech, Madani said the OIC made important steps in social, cultural, economic, technologic and educative domains.

MICROFINANCE EVENT: Islamic #Microfinance #Summit, September 26-27, 2016, Dubai, United Arab Emirates

The Islamic Microfinance Summit takes place on September 26-27, 2016 in Dubai and is organized by Uniglobal, a Prague-based provider of workshops and conferences. The theme of this conference is "raising awareness and ensuring compliant and targeted product development to aid poverty alleviation." Its goal is to promote Islamic microfinance, particularly to the international donor community.

#Indonesian #fintech event IFFC 2016 is set to champion financial inclusion

Indonesia is all set to host the Indonesia Fintech Festival & Conference 2016 (IFFC 2016). The event is organised by Indonesia Financial Services Authority (OJK) in association with Indonesian Chamber of Commerce and Industry (KADIN) and will be held in Tangerang from August 29 to 30. IFFC 2016 will focus on several issues related to fintech, including financial inclusion. A series of workshops and conferences for fintech players will be conducted. Also, a startup competition will take place as part of the event. Indonesia’s President Joko Widodo and Queen Maxima of the Netherlands will be special guests. According to the organising committee, up to 2,000 tickets have been sold so far.

CIBAFI technical #workshops schedule announced

The General Council for Islamic Banks and Financial Institutions (CIBAFI) has announced the schedule of its Technical Workshops on Product Development for Islamic Financial Institutions (IFIs). The workshops will start on August 30 and will be organized in Bahrain, Saudi Arabia and Sudan. The three-day Technical Workshops aim to provide participants with hands on technical knowledge and skills pertaining to product development, with a focus on Islamic financial services. CIBAFI, as the voice of the industry, aims to provide platforms such as these to develop human capital and bring industry professionals together.

6th Global Islamic #Microfinance #Forum

The 6th Global Islamic Microfinance Forum (GIMF) will convene in Nairobi, Kenya on November 8-9, 2016. Muhammad Zubair Mughal, the CEO of Al-Huda, said the GIMF will explore how new and effective strategies can alleviate poverty. He said the most alarming situation is that major chunk of poverty exist in Muslim countries, as it is considered the number one agenda of "financial inclusion." In these countries a proper platform is needed, valuing their cultural and social values, which is possible only through Islamic Microfinance. Amjad Saqib, Executive Director of Akhuwat declared that Akhuwat has so far distributed almost Rs. 25 billion among 1,323,586 families. He presented the "Qarz-e-Hassan" model as a true model of Islamic Welfare oriented Microfinance system. The Forum will be followed by two days post event workshop, How to Develop, Operate and Sustain Islamic Microfinance Institutions planned for November 10-11, 2016.

Is the Current Model of Shari’ah Governance Fit for Purpose?

IFC & ISRA Thematic Workshop 2016, in association with K&L Gates
Wednesday, 26 October 2016, 9:30 a.m. - 3:00 p.m.

The Islamic Finance Council UK (IFC) and the International Shari’ah Research Academy for Islamic Finance (ISRA), in association wih K&L Gates invite you to an event addressing the Shari’ah governance model. The event will include the UK launch of the IFC and ISRA External Shari’ah Audit Report 2016.

Location: K&L Gates, One New Change (Watling Street entrance), London

Presenters: Jonathan Lawrence

Sponsors: K&L Gates, IFC, ISRA

REGISTER
http://www.klgates.com/resources/xpqEventRegistrationKNLG.aspx?xpST=Even...

9.30am - Registration and breakfast
10.00am - Morning sessions
12.00pm - Networking lunch
1.00pm - Afternoon sessions
3.00pm - Event concludes

The event will cover several key themes including:
How the current Shari’ah governance model works; its gaps and limitations
Examining the role of scholars alongside areas of potential conflict and impairment
The role of external Shari’ah audit
Regulatory differences in approach – is there a ‘best practice’?

Certified Expert in Islamic Microfinance

in September 2016:

In the growing area of Islamic microfinance, a diverse skillset is required. Professionals have to be knowledgeable in traditional retail banking, in the ethics of Islamic finance and in the relevant compliance and regulation issues. In order to provide you with the necessary skills and know-how to become a well-rounded Islamic microfinance professional, we have designed the certification course ‘Certified Expert in Islamic Microfinance’. This e-learning course was jointly developed by a team of experts from the Frankfurt School of Finance and Management, Islamic Relief Worldwide, and the Islamic Relief Academy. This combination of expertise provides you with the opportunity to have a rich learning experience based on the broad knowledge of diverse, highly qualified professionals.

This 6-month certification course is designed to be a part-time training, offering you the flexibility to follow your own schedule and the ability to combine daily work with your professional development.

The "Certified Expert in Islamic Microfinance" was funded with UK aid from the UK government.

The IFSB, World Bank and Turkish Treasury Organise a Joint #Conference on Value Proposition of #Takaful Industry in Istanbul

The Islamic Financial Services Board (IFSB), The World Bank Group (WBG) and the Republic of Turkey have organised a joint conference focusing on the takaful sector. This conference, themed "Realising the Value Proposition of Takaful Industry for a Stable and Inclusive Financial System" was held in Istanbul on May 30-31, 2016. The Keynote Address was delivered by Ramazan Ulger, President of the Turkish Insurance Association and Ozgur Koc from the Association of Participation Insurance. Mr. Ulger highlighted that there are 60 insurance companies and one reinsurance company operating in Turkey. He suggested for the takaful industry to develop a wider range of products to address the needs of individuals. Ozgur Koc reiterated the country's vision to establish Istanbul as an Islamic financial centre.

Second #Vatican #Conference on Impact #Investing

Church and Business Leaders Respond to Pope Francis' Call to Make Wealth Work for the Poor
At the invitation of the Pontifical Council for Justice and Peace and Catholic Relief Services, impact investing experts and Catholic leaders from around the world will convene in Rome to explore how the Catholic Church and other faith-based institutions can harness the power of impact capital to attain and sustain their social mission.
These institutions, at an early stage in their social enterprise journey, will interact with and learn from successful social entrepreneurs, along with thought leaders from the sector. They will develop strategies, form partnerships and lay the foundation for catalyzing private investment to serve the poor and vulnerable. Celebrating the Extraordinary Year of Mercy established by Pope Francis, the conference is titled Making the Year of Mercy a Year of Impact for the Poor.
The conference begins on June 26, 2016 and is sponsored by Omidyar Network and the Mendoza College of Business at the University of Notre Dame. It ends on June 28.

#HE MO IBRAHIM PRIZE FOR AFRICAN LEADERSHIP HAS NO WINNER YET AGAIN

On Thursday, the Mo Ibrahim foundation announced that its prestigious Mo Ibrahim Prize for Outstanding African Leadership and Governance will have no winner for 2015. This makes it the fifth year this prize has gone unclaimed since its inception in 2006.
In a statement issued by the Chairman of the foundation, Mo Ibrahim, he agreed with this verdict. “When we launched the prize ten years ago, we deliberately set a very high bar.” The Sudanese-British mobile communications entrepreneur and billionaire founded the foundation with a clear objective: to encourage better governance in Africa based on the belief that governance lays at the heart of tangible and shared improvements in the equality of life of African citizens. However, this recent announcement means that a number of revered heads of states such as Emilio Guebuza (Mozambique) and Jakaya Kikwete of Tanzania, both widely credited with the sharp reduction of poverty in their respective states, and presiding over periods of notable economic success, have been overlooked for this year’s prize.
The Award has now been unclaimed more times than won

Finance islamique: Des avantages à saisir

Le 4e Forum international sur la finance islamique s’est tenu les 2 et 3 juin à Dakar sous le thème: La finance islamique au service du Plan Sénégal émergent (PSE). Ministre Abdoul Aziz Tall a dit que les finances islamiques constituent une solution idéale pour accompagner le processus de réalisation des projets structurants du PSE. Le ministre cite entre autres secteurs prioritaires, l’agriculture, les infrastructures, l’accès des petites et moyennes entreprises (PME), les services sociaux de base.
Selon Mohammed Moustapha Bintubé de la Jaiz Bank le Sénégal constitue un terreau fertile pour l’émergence d’une finance islamique forte.

Islamic finance looks for a second wind

At a conference on Islamic finance in Singapore many experts warned that the industry depends too heavily on oil and gas for revenue. According to expert Rushdi Siddiqui the industry saw a 43% drop in sukuk issuance and he argued for the need to 'delink' Islamic finance from oil and gas. Other participants noted that the industry's growth is slowed by the 'perception price' that comes with political volatility in the Middle East and Malaysia.

EIBFS organises #workshop on Islamic Asset Management

Emirates Institute for Banking and Financial Studies (EIBFS) hosted a workshop on the current and future landscape of the Shari’ah-compliant asset management sector for the UAE’s senior-level bankers and financial experts. The workshop invited Islamic finance specialists from EIBFS, Dubai Islamic Bank, Noor Bank and Mashreq Capital. Asset management has evolved significantly over the last few years. In 2015, Assets under Management (AUM) of total global Islamic funds grew 5.3% from the previous year while the number of funds increased by 11%.

IDB Private Sector #Forum fosters economic growth

The Islamic Development Bank (IDB) Group hosted the IDB Group Private Sector Forum in Indonesia. The event was held in conjunction with Group's 41st Annual General Meeting. The forum involved panel discussions which deliberated on the activities, roles and support that have been carried out in member countries, with focus on Indonesia. The panel also touched on issues related to Islamic trade financing, investment challenges and export credit insurance. All private sector entities are open to coordinate with investors who are willing to invest in Indonesia as well as other member countries of the IDB Group.

ICD and OJK support in transforming the Islamic finance industry in #Indonesia

The seminar 'The Transformation of the Islamic Finance Industry in Indonesia' was held by the Islamic Corporation for the Development of the Private Sector (ICD) in collaboration with Financial Services Authority (OJK). President Joko Widodo’s has repeatedly called for the revival of growth in Indonesia’s Islamic finance industry, which is currently being hindered by fragmented regulations. Through this seminar, ICD and OJK aimed to impart the know-how related to the implementation of Shari’ah standards.

The 1st China-UAE #Conference on Islamic Banking & Finance’ to tap synergies between Islamic economies of both countries to drive in mutual growth

The first China-UAE Conference on Islamic Banking and Finance is organized between May 24-25, 2016 in Beijing, China. The Conference will serve as an international platform for experts, decision-makers, scholars, academicians and other Islamic Banking and Finance stakeholders to exchange knowledge and best practices. The debuting conference aims to capitalize on the strategic ties between the UAE and China to identify challenges and opportunities related to Islamic finance.

Islamic Development Bank #meeting in Jakarta

On May 15 representatives of 56 muslim countries came together at the 41st IDB annual meeting in Jakarta. In 2015, the IDB Group recorded approvals worth $1.83 bn, representing 21% of the total since the bank’s inception. In Turkey Islamic banking comprises 5% of the total banking system, but the government aims to increase this figure to 15% by 2023. IDB's president, Ahmad Mohamed Ali, said the bank also fully supported Turkey’s plans to develop Istanbul as an international financial center.

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