IslamicFinance.de

By organizing a one-day conference on Islamic finance and bringing together some of the
major players in the field of islamic and ethical finance , Islamic Relief-Italy, in collaboration
with ASSAIF, intends to share some reflections, case studies and initiatives in order
to contribute to solve the actual financial crisis. Thanks to a significant experience in
implementing development projects that are shari’a compliant , Islamic Relief represents
an interesting and successful example of Islamic finance initiatives that are born and
developed in Europe.The financial crisis which is nowadays afflicting most of the European countries has had

The financial crisis which is nowadays afflicting most of the European countries has had a significant impact on the real economy and on the society itself. Particularly, a growing
number of people are marginalized within the Italian society (not only migrants but also
the so called “new poors”) as well as within financial circuits and last but not least are
prevented from accessing credit. The Islamic finance, which is already operational in
several European countries, can provide solutions which are complementary to those

Alberto Brugnoni, ASSAIF, will moderate the Session on 'Finance and philanthropy' at the “4th World Congress of Muslim Philanthropists - Defining the Roadmap for the Next Decade” that will convene at the Shangri-La Hotel in Dubai on March 23-24, 2011

Muslim Philanthropy is at a crossroad, challenged to build new models of giving while simultaneously refining old methods embedded in vibrant Islamic tradition. The foremost challenge in the field is to promote strategic and accountable philanthropy that complements and enhances the generations-old conventional charity, which is often personal and spontaneous

The Session will examine within a common framework the failure of zakat to achieve most of its socio-economic objectives, the stagnation of waqf institutions in performing their designated social functions and the growing divergence between the aspirations of Islamic economics and the realities of the Islamic finance industry. It will also offer actionable programme plans for zakat and innovative ways of using the institution of waqf to establish social enterprises, as possible common solutions