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Report on Two Days Specialized
      Training Workshop on Islamic
              Microfinance
        16th & 17th September, 2012 in Sheba Hotel, Sana’a, Yemen



                                     Jointly Organized by:




AlHuda Centre of Excellence in Islamic Microfinance      Yemen Microfinance Network




Supported by:




Prepared by:
Ali Abutaleb – Yemen Microfinance Network

Sanya Ali Ahmad – AlHuda Centre of Islamic Banking and Economics
INDEX



Contents                                           Page no.
Introduction                                           3
About the Organizing Parties                           3
Speakers of the Workshop                               4
Participants of the Workshop                           5
Training Workshop Agenda                               6
Synopsis of the Training                               7
Impact Analysis of the Training Workshop               9
Participants’ Overall Evaluation of the Workshop      10
Suggestions and Recommendations                       11




                                                              2
INTRODUCTION
Overall, social and economic circumstances in Yemen create a homogenous traditional
society where many decisions are influenced by the religious considerations. So, Islamic
Microfinance would be highly accepted there and would ultimately help in reducing
poverty of Yemen.

Islamic Microfinance is an emerging market in the field of Islamic finance. So, there is an
immediate need to educate, train and conduct market study and awareness campaigns on
this subject. The aim of this training is to provide edification and trainings to Microfinance
& Finance Professional with an additional opportunity for their educational uplift under
Islamic financial system. An individual would be able to learn new techniques and
opportunities in this field.

The event was jointly organized by the Yemen Microfinance Network and AlHuda Center of
Islamic Banking and Economics - Pakistan. The training was lead by international experts
and was open to participants from regional and international countries as well as local MFI
and commercial bank practitioners.

                     ABOUT THE ORGANIZING PARTIES
About AlHuda Centre of Islamic Banking and Economics (CIBE)

AlHuda Center of Islamic Banking and Economics (AlHuda CIBE) is a well established name
in Islamic financial Market which is working in the field of Islamic Banking and Economics
from the last 7 years in Pakistan and around the globe. It is the pioneer organization to
start effort for the promotion of Islamic Banking and Finance in masses through Advisory
and Consultancy, Education, Trainings, Awareness, Product Development and Publications.

About Yemen Microfinance Network (YMN)

The Yemen Microfinance Network (YMN) is a member based association registered in 31st
August 2009 under the Ministry of Social Affairs and Labor as a non-governmental
organization (NGO), having its own board of directors consisting of the microfinance
member institutions. Being a member-driven association, YMN three year strategy was
developed in a very detailed, comprehensive and systematic process.




                                                                                                 3
SPEAKERS OF THE WORKSHOP
The master trainers and speakers of the training were: Mr. Qazi Abdul Samad and Mr.
Zubair Mughal. The profile of the speakers is as follows:

Qazi Abdul Samad

Qazi Abdul Samad is a skilled professional with proficiency in Shari’ah advisory, In-depth
knowledge of Shari’ah Microfinance, Innovative, commitment & pro-active approach to
work, Strong communications & analytical skills and able to manage and train others.
Currently, he is working as a Shari’ah Advisor of The Bank of Khyber - Pakistan. He is also a
visiting lecturer of Islamic Financial System in Management Science Department of City
University, Peshawar. He has been providing Shari’ah advisory and supervision in many
organizations. He is an author of many articles and has presented articles in many
International conferences.

Muhammad Zubair Mughal

Muhammad Zubair Mughal is a passionate and hardworking individual with a strategic
vision in Islamic Micro Finance. He is a skilled Islamic financial professional and a keen
learner of Islamic Microfinance and Islamic Micro insurance with good public speaking and
training skills. He is currently working as a Chief Executive Officer of AlHuda centre of
Islamic Banking and Economics. He has a professional experience Islamic Microfinance of
over 10 years. He has development Many Islamic Microfinance Products which are being
utilized in Pakistan, Middles East & Africa, he has also presented his research papers on
Islamic Microfinance in many International conferences in South Africa, China, Kazakhstan,
Russia, Kenya, Pakistan, U.A.E, Mauritius, Afghanistan, Turkey, Tatarstan, Jordan and Iraq
etc.




                                                                                                4
PARTICIPANTS OF THE WORKSHOP
Yemen is an emerging market in terms of Islamic Microfinance. It has a rich Islamic history
and the demand of Islamic Microfinance is growing very rapidly there. Yemen has a
population size of 23 Million, one of the most
ethnically homogenous in the region, with 3%
population annual growth rate. 71% of the population
lives in the rural and 29% in urban areas. 34.8% live
below the poverty line. Overall, social and economic
circumstances in Yemen create a homogenous
traditional society where many decisions are
influenced by the religious considerations. So, Islamic
Microfinance would be highly accepted there and

would ultimately help in reducing poverty of Yemen.        A Memorable Group Photo of all the Participants

The targeted audience for this training workshop was
Microfinance Professionals and Experts, Microfinance Institutions & Banks, Financial & Banking
Institutions, Rural & Agri. financial Professional, Community Developments, NGOs and NPOs,
Insurance Companies, Development Consultant, Management Consultants, Social Development
Sector, Govt. Development Departments, Local and International Donor's Agencies, SMEs &
Corporative Societies, Academia, Philanthropists and Investors, Regulators and Govt. Officials,
Shari'ah Scholars and Experts.

In this connection, the persons, who has participated the training workshop are:

No. Name                                           Organization
1     Ms. Faiza Abdo Saeed                         Economic Opportunities Fund
2     Mr. Jihad Al-Hakimi                          Economic Opportunities Fund
3     Ms. Nasaim Mohammed Algonaid                 Alawael Microfinance Company
4     Ms. Somaia Ezzadin                           Alawael Microfinance Company
5     Ms. Nagwa Fadil                              Aden Microfinance Foundation
6     Ms. Hind Kassim Alawi Ali                    Social Fund For Development
7     Mr. Omer Abdul Haleem                        Social Fund For Development
8     Mr. Fahmi Al-Kuraimi                         Alkuraimi Islamic Microfinance Bank
9     Mr. Ahmed Alhumiqani                         Yemen Microfinance Network
10    Mr. Khalil Almikhlafi                        Yemen Microfinance Network
11    Mr. Abdulrahman Alazazi                      Yemen Microfinance Network
12    Mr. Nabil Ali Al-Shehaly                     Alamal Microfinance Bank
13    Mr. Hani Al Fakih                            National Microfinance Foundation
14    Mr. Mutlaq Al-Osaimi                         National Microfinance Foundation
15    Mr. Moammar Shuhait                          National Microfinance Foundation
16    Mr. Ali Abutaleb                             Yemen Microfinance Network

                                                                                                             5
TRAINING WORKSHOP AGENDA

 The agenda of the training workshop is as follows:

                         Mr. Mohammed Saleh Al-Lai,
                         Chairman
                         Yemen Microfinance Network
                         Mr. Osma Al Shami
 Welcome Address         Head of SMED
 and Inauguration        Social Fund for Development - Yemen
                         Najah Almugahed,
                         Acting Managing Director
                         Yemen Microfinance Network

                               A Glance on Islamic Finance
                               Economic Rationale for Prohibition of Riba
                               Shari’ah Foundation and Applications of Islamic Microfinance
                               Islamic Micro Finance as an effective tool of poverty alleviation
                               Islamic Micro Financial Products Mechanisms & Compatibility with
                                Conventional Microfinance Products
                               Source of Islamic Microfinance Products
                               Islamic Microfinance Institutions – Worldwide
                               Need Assessment of Islamic Microfinance
Topics Discussed by            Opportunities & Challenges Faced by IMF Sector
  the Speakers:                A Case study from Pakistan
                               Islamic Microfinance Product Mechanism, Structures, Operations &
Mr. Qazi Abdul Samad            Applications.
          &                    Partnership Modes of Islamic Microfinance
Mr. Muhammad Zubair            Liability (Deposit) Management Techniques for Islamic
       Mughal                   Microfinance
                               Trade Based Modes of Islamic Microfinance
                               Parallel Salam & Istisna
                               Islamic Microfinance Product Mechanism, Structures, Operations &
                                Applications
                               Micro Takaful (Islamic Micro Insurance)
                               Definition of Takaful. How Micro Takaful products works with
                                Islamic Microfinance
                               Structure, Operation and Performance of Takaful for Poverty
                                Alleviation
                               Opportunities and Challenges of Micro Takaful in Islamic
                                Microfinance
                               Definitions, Concept & Uses of Waqf, Qarz-e-Hassan, Cooperatives
                                & Zakat in Islamic Microfinance system




                                                                                                6
SYNOPSIS OF THE TRAINING
The training session was inaugurated by Mr. Mohammed Saleh Al-Lai, Mr. Osma Al Shami
Najah Almugahed. While addressing to the audience of training workshop, Mr. Mohammed
Al Lai said: “I am so proud to be a member of YMN as a Chairma n. I have had the privilege
                                                           of working with dedicated and
                                                           talented employees who make our
                                                           Network an innovative and
                                                           successful institution. It gives me
                                                           immense pleasure to present the
                                                           Islamic Microfinance and Islamic
                                                           Finance training workshop that is
                                                           held with cooperation of (AlHuda-
                                                           CIBE) Center of Islamic Banking &
                                                           Economics of Pakistan. It is clear
                                                           that the demand for Islamic
                                                           finance has increased which is a
                                                           major opportunity for the growth
  Mr. Mohammed Saleh Al-Lai Chairmen Yemen Microfinance
           Network speaking at Inaugural Session        of the industry and gets awareness
                                                        about it from highly learned and
experienced professionals and be the leaders of Islamic Microfinance in Arab region.
Therefore we are keen in promoting the awareness of Islamic Microfinance among the
region. More than ever, we extend our best wishes for the success of the training and the
ultimate benefit for all the Yemenis from the
wide spreading Microfinance Industry.”

Mr. Mr. Osma Al Shami presented his views by
saying that it is an excellent opportunity to
spread the knowledge and awareness about
Islamic Microfinance in Yemen that will
ultimately benefit the masses. He said that the
training workshop will provide a lot of
opportunities to gain knowledge about global
practices on Islamic microfinance through
learned national and international scholars
and experts. Ms. Najah Almugahed                        Technical Session of the Training

appreciated the arrangement of two days
workshop on Islamic Microfinance, a good step for the Microfinance sector. She said that
Islamic Microfinance is rapidly growing in Yemen and the workshop like this will provide
more awareness about it.

                                                                                                 7
Two days training went too smoothly. All the participants went satisfied. At the end of the
training session, Mr. Zubair Mughal presented the souvenir to Ms. Najah Almugahed for
initiating this step with AlHuda CIBE. YMN
showed its wish to repeat this training
workshop on annual basis.

At the end of the training, logo inauguration
ceremony of Islamic Microfinance was
conducted in which Logo of the forum was
inaugurated by Ms. Najah Almugahed. While
addressing to the inaugural ceremony, Ms.
Najah Almugahed appreciated the step of
AlHuda CIBE to organize Global Islamic
Microfinance Forum and said that the
                                                     Mr. Zubair Mughal presenting Souvenir to Ms.
microfinance industry would be more established                   Najah Almugahed
through this Forum. While addressing to the
inaugural ceremony, Chairman of Yemen Microfinance Network - Mr. Al-Lai has declared
the strategy of AlHuda CIBE for the promotion of Islamic Microfinance as a very good step
for the industry which will amplify the awareness and promotion of Islamic Microfinance.




                                                                                                    8
IMPACT ANALYSIS OF THE TRAINING WORKSHOP
As Islamic Microfinance is already a distinguished and strong field in Yemen so this training
workshop has added new horizons and dimensions in this field. The basic aim was to see
how the integration can be made in between the existing products of Islamic Microfinance
in Yemen and other related products. It was indeed a learning session. It will surely create
product understanding and the participants would share the knowledge gained through
this session which will help in uplifting of their living standards and would help in reducing
poverty of Yemen.

It will surely enhance the expertise of
working in this field and would increase
the capabilities and capacities to work for
it. The attendees of this training gained In-
depth Knowledge of Islamic Microfinance,
learnt new Techniques of Poverty
Alleviation, Social Development &
Financial Inclusion through Islamic
Microfinance. They saw the Shari’ah
Principles and Mechanism about Islamic
Microfinance and got an Opportunity to
gain knowledge about global practices on
Islamic microfinance through learned                     Participants during the training Session
national and international scholars and
experts. The event should have a strong impact on the outreach of Islamic Microfinance in
Yemen and the region as an effective tool to alleviate poverty.

Success Indicators of the training
      The positive evaluation results by participants
      Positive perception of the event by organizations related to microfinance industry in
       Yemen.
      The level of attendance and interaction
      Provision of real life case studies and examples
      The included literature and reading material
      The high levels of trainees’ interactivity with trainers
      Very well organized event
      The event venue
      Positive atmosphere throughout the event



                                                                                                    9
Obstacles & Challenges
      The relatively short available time for the workshop, which meant that high loads of
       information and rich material had to be squeezed to fit the time frame
      The security situation especially because of the attacks on the US Embassy in Sana’a
       by demonstrators before the workshop’s date prevented other international
       participants from travelling to Sana’a to attend the event.
      The fact that most MFIs in Yemen are utilizing one or two types of IMF products but
       mostly (Murabaha)

  PARTICIPANTS’ OVERALL EVALUATION OF THE WORKSHOP
Participants of the training workshop liked the training and the feedback was very positive
and encouraging. Participants’ overall evaluation for the training workshop is summarized
as a chart positioned below:




                Training package

       Content and integration of…

                    Organization

                    Training hall

                          Timing                                           Weak

         Coffee break and Lunch                                            Acceptable
                                                                           Average
                      Cleanliness
                                                                           Good
    Relationship with colleagues
                                                                           Excellent
        Reflection on current job

               Training methods

    Willingness to attend similar…

        Overall course evaluation

                                0.00% 20.00% 40.00% 60.00% 80.00%100.00%




                                                                                              10
SUGGESTIONS AND RECOMMENDATIONS
For the betterment of the next training workshop, following suggestions and
recommendations are to be taken under consideration:

     To organize similar but longer training workshops and target larger potential
      segment of participants from different organizations, practitioners, and funding
      donors.
     To better coordinate with the governmental bodies, i.e. (Central Bank of Yemen) to
      better publicize the event and build awareness of IMF products and solutions.




                                                                                           11

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Report Islamic Microfinance Workshop

  • 1. Report on Two Days Specialized Training Workshop on Islamic Microfinance 16th & 17th September, 2012 in Sheba Hotel, Sana’a, Yemen Jointly Organized by: AlHuda Centre of Excellence in Islamic Microfinance Yemen Microfinance Network Supported by: Prepared by: Ali Abutaleb – Yemen Microfinance Network Sanya Ali Ahmad – AlHuda Centre of Islamic Banking and Economics
  • 2. INDEX Contents Page no. Introduction 3 About the Organizing Parties 3 Speakers of the Workshop 4 Participants of the Workshop 5 Training Workshop Agenda 6 Synopsis of the Training 7 Impact Analysis of the Training Workshop 9 Participants’ Overall Evaluation of the Workshop 10 Suggestions and Recommendations 11 2
  • 3. INTRODUCTION Overall, social and economic circumstances in Yemen create a homogenous traditional society where many decisions are influenced by the religious considerations. So, Islamic Microfinance would be highly accepted there and would ultimately help in reducing poverty of Yemen. Islamic Microfinance is an emerging market in the field of Islamic finance. So, there is an immediate need to educate, train and conduct market study and awareness campaigns on this subject. The aim of this training is to provide edification and trainings to Microfinance & Finance Professional with an additional opportunity for their educational uplift under Islamic financial system. An individual would be able to learn new techniques and opportunities in this field. The event was jointly organized by the Yemen Microfinance Network and AlHuda Center of Islamic Banking and Economics - Pakistan. The training was lead by international experts and was open to participants from regional and international countries as well as local MFI and commercial bank practitioners. ABOUT THE ORGANIZING PARTIES About AlHuda Centre of Islamic Banking and Economics (CIBE) AlHuda Center of Islamic Banking and Economics (AlHuda CIBE) is a well established name in Islamic financial Market which is working in the field of Islamic Banking and Economics from the last 7 years in Pakistan and around the globe. It is the pioneer organization to start effort for the promotion of Islamic Banking and Finance in masses through Advisory and Consultancy, Education, Trainings, Awareness, Product Development and Publications. About Yemen Microfinance Network (YMN) The Yemen Microfinance Network (YMN) is a member based association registered in 31st August 2009 under the Ministry of Social Affairs and Labor as a non-governmental organization (NGO), having its own board of directors consisting of the microfinance member institutions. Being a member-driven association, YMN three year strategy was developed in a very detailed, comprehensive and systematic process. 3
  • 4. SPEAKERS OF THE WORKSHOP The master trainers and speakers of the training were: Mr. Qazi Abdul Samad and Mr. Zubair Mughal. The profile of the speakers is as follows: Qazi Abdul Samad Qazi Abdul Samad is a skilled professional with proficiency in Shari’ah advisory, In-depth knowledge of Shari’ah Microfinance, Innovative, commitment & pro-active approach to work, Strong communications & analytical skills and able to manage and train others. Currently, he is working as a Shari’ah Advisor of The Bank of Khyber - Pakistan. He is also a visiting lecturer of Islamic Financial System in Management Science Department of City University, Peshawar. He has been providing Shari’ah advisory and supervision in many organizations. He is an author of many articles and has presented articles in many International conferences. Muhammad Zubair Mughal Muhammad Zubair Mughal is a passionate and hardworking individual with a strategic vision in Islamic Micro Finance. He is a skilled Islamic financial professional and a keen learner of Islamic Microfinance and Islamic Micro insurance with good public speaking and training skills. He is currently working as a Chief Executive Officer of AlHuda centre of Islamic Banking and Economics. He has a professional experience Islamic Microfinance of over 10 years. He has development Many Islamic Microfinance Products which are being utilized in Pakistan, Middles East & Africa, he has also presented his research papers on Islamic Microfinance in many International conferences in South Africa, China, Kazakhstan, Russia, Kenya, Pakistan, U.A.E, Mauritius, Afghanistan, Turkey, Tatarstan, Jordan and Iraq etc. 4
  • 5. PARTICIPANTS OF THE WORKSHOP Yemen is an emerging market in terms of Islamic Microfinance. It has a rich Islamic history and the demand of Islamic Microfinance is growing very rapidly there. Yemen has a population size of 23 Million, one of the most ethnically homogenous in the region, with 3% population annual growth rate. 71% of the population lives in the rural and 29% in urban areas. 34.8% live below the poverty line. Overall, social and economic circumstances in Yemen create a homogenous traditional society where many decisions are influenced by the religious considerations. So, Islamic Microfinance would be highly accepted there and would ultimately help in reducing poverty of Yemen. A Memorable Group Photo of all the Participants The targeted audience for this training workshop was Microfinance Professionals and Experts, Microfinance Institutions & Banks, Financial & Banking Institutions, Rural & Agri. financial Professional, Community Developments, NGOs and NPOs, Insurance Companies, Development Consultant, Management Consultants, Social Development Sector, Govt. Development Departments, Local and International Donor's Agencies, SMEs & Corporative Societies, Academia, Philanthropists and Investors, Regulators and Govt. Officials, Shari'ah Scholars and Experts. In this connection, the persons, who has participated the training workshop are: No. Name Organization 1 Ms. Faiza Abdo Saeed Economic Opportunities Fund 2 Mr. Jihad Al-Hakimi Economic Opportunities Fund 3 Ms. Nasaim Mohammed Algonaid Alawael Microfinance Company 4 Ms. Somaia Ezzadin Alawael Microfinance Company 5 Ms. Nagwa Fadil Aden Microfinance Foundation 6 Ms. Hind Kassim Alawi Ali Social Fund For Development 7 Mr. Omer Abdul Haleem Social Fund For Development 8 Mr. Fahmi Al-Kuraimi Alkuraimi Islamic Microfinance Bank 9 Mr. Ahmed Alhumiqani Yemen Microfinance Network 10 Mr. Khalil Almikhlafi Yemen Microfinance Network 11 Mr. Abdulrahman Alazazi Yemen Microfinance Network 12 Mr. Nabil Ali Al-Shehaly Alamal Microfinance Bank 13 Mr. Hani Al Fakih National Microfinance Foundation 14 Mr. Mutlaq Al-Osaimi National Microfinance Foundation 15 Mr. Moammar Shuhait National Microfinance Foundation 16 Mr. Ali Abutaleb Yemen Microfinance Network 5
  • 6. TRAINING WORKSHOP AGENDA The agenda of the training workshop is as follows: Mr. Mohammed Saleh Al-Lai, Chairman Yemen Microfinance Network Mr. Osma Al Shami Welcome Address Head of SMED and Inauguration Social Fund for Development - Yemen Najah Almugahed, Acting Managing Director Yemen Microfinance Network  A Glance on Islamic Finance  Economic Rationale for Prohibition of Riba  Shari’ah Foundation and Applications of Islamic Microfinance  Islamic Micro Finance as an effective tool of poverty alleviation  Islamic Micro Financial Products Mechanisms & Compatibility with Conventional Microfinance Products  Source of Islamic Microfinance Products  Islamic Microfinance Institutions – Worldwide  Need Assessment of Islamic Microfinance Topics Discussed by  Opportunities & Challenges Faced by IMF Sector the Speakers:  A Case study from Pakistan  Islamic Microfinance Product Mechanism, Structures, Operations & Mr. Qazi Abdul Samad Applications. &  Partnership Modes of Islamic Microfinance Mr. Muhammad Zubair  Liability (Deposit) Management Techniques for Islamic Mughal Microfinance  Trade Based Modes of Islamic Microfinance  Parallel Salam & Istisna  Islamic Microfinance Product Mechanism, Structures, Operations & Applications  Micro Takaful (Islamic Micro Insurance)  Definition of Takaful. How Micro Takaful products works with Islamic Microfinance  Structure, Operation and Performance of Takaful for Poverty Alleviation  Opportunities and Challenges of Micro Takaful in Islamic Microfinance  Definitions, Concept & Uses of Waqf, Qarz-e-Hassan, Cooperatives & Zakat in Islamic Microfinance system 6
  • 7. SYNOPSIS OF THE TRAINING The training session was inaugurated by Mr. Mohammed Saleh Al-Lai, Mr. Osma Al Shami Najah Almugahed. While addressing to the audience of training workshop, Mr. Mohammed Al Lai said: “I am so proud to be a member of YMN as a Chairma n. I have had the privilege of working with dedicated and talented employees who make our Network an innovative and successful institution. It gives me immense pleasure to present the Islamic Microfinance and Islamic Finance training workshop that is held with cooperation of (AlHuda- CIBE) Center of Islamic Banking & Economics of Pakistan. It is clear that the demand for Islamic finance has increased which is a major opportunity for the growth Mr. Mohammed Saleh Al-Lai Chairmen Yemen Microfinance Network speaking at Inaugural Session of the industry and gets awareness about it from highly learned and experienced professionals and be the leaders of Islamic Microfinance in Arab region. Therefore we are keen in promoting the awareness of Islamic Microfinance among the region. More than ever, we extend our best wishes for the success of the training and the ultimate benefit for all the Yemenis from the wide spreading Microfinance Industry.” Mr. Mr. Osma Al Shami presented his views by saying that it is an excellent opportunity to spread the knowledge and awareness about Islamic Microfinance in Yemen that will ultimately benefit the masses. He said that the training workshop will provide a lot of opportunities to gain knowledge about global practices on Islamic microfinance through learned national and international scholars and experts. Ms. Najah Almugahed Technical Session of the Training appreciated the arrangement of two days workshop on Islamic Microfinance, a good step for the Microfinance sector. She said that Islamic Microfinance is rapidly growing in Yemen and the workshop like this will provide more awareness about it. 7
  • 8. Two days training went too smoothly. All the participants went satisfied. At the end of the training session, Mr. Zubair Mughal presented the souvenir to Ms. Najah Almugahed for initiating this step with AlHuda CIBE. YMN showed its wish to repeat this training workshop on annual basis. At the end of the training, logo inauguration ceremony of Islamic Microfinance was conducted in which Logo of the forum was inaugurated by Ms. Najah Almugahed. While addressing to the inaugural ceremony, Ms. Najah Almugahed appreciated the step of AlHuda CIBE to organize Global Islamic Microfinance Forum and said that the Mr. Zubair Mughal presenting Souvenir to Ms. microfinance industry would be more established Najah Almugahed through this Forum. While addressing to the inaugural ceremony, Chairman of Yemen Microfinance Network - Mr. Al-Lai has declared the strategy of AlHuda CIBE for the promotion of Islamic Microfinance as a very good step for the industry which will amplify the awareness and promotion of Islamic Microfinance. 8
  • 9. IMPACT ANALYSIS OF THE TRAINING WORKSHOP As Islamic Microfinance is already a distinguished and strong field in Yemen so this training workshop has added new horizons and dimensions in this field. The basic aim was to see how the integration can be made in between the existing products of Islamic Microfinance in Yemen and other related products. It was indeed a learning session. It will surely create product understanding and the participants would share the knowledge gained through this session which will help in uplifting of their living standards and would help in reducing poverty of Yemen. It will surely enhance the expertise of working in this field and would increase the capabilities and capacities to work for it. The attendees of this training gained In- depth Knowledge of Islamic Microfinance, learnt new Techniques of Poverty Alleviation, Social Development & Financial Inclusion through Islamic Microfinance. They saw the Shari’ah Principles and Mechanism about Islamic Microfinance and got an Opportunity to gain knowledge about global practices on Islamic microfinance through learned Participants during the training Session national and international scholars and experts. The event should have a strong impact on the outreach of Islamic Microfinance in Yemen and the region as an effective tool to alleviate poverty. Success Indicators of the training  The positive evaluation results by participants  Positive perception of the event by organizations related to microfinance industry in Yemen.  The level of attendance and interaction  Provision of real life case studies and examples  The included literature and reading material  The high levels of trainees’ interactivity with trainers  Very well organized event  The event venue  Positive atmosphere throughout the event 9
  • 10. Obstacles & Challenges  The relatively short available time for the workshop, which meant that high loads of information and rich material had to be squeezed to fit the time frame  The security situation especially because of the attacks on the US Embassy in Sana’a by demonstrators before the workshop’s date prevented other international participants from travelling to Sana’a to attend the event.  The fact that most MFIs in Yemen are utilizing one or two types of IMF products but mostly (Murabaha) PARTICIPANTS’ OVERALL EVALUATION OF THE WORKSHOP Participants of the training workshop liked the training and the feedback was very positive and encouraging. Participants’ overall evaluation for the training workshop is summarized as a chart positioned below: Training package Content and integration of… Organization Training hall Timing Weak Coffee break and Lunch Acceptable Average Cleanliness Good Relationship with colleagues Excellent Reflection on current job Training methods Willingness to attend similar… Overall course evaluation 0.00% 20.00% 40.00% 60.00% 80.00%100.00% 10
  • 11. SUGGESTIONS AND RECOMMENDATIONS For the betterment of the next training workshop, following suggestions and recommendations are to be taken under consideration:  To organize similar but longer training workshops and target larger potential segment of participants from different organizations, practitioners, and funding donors.  To better coordinate with the governmental bodies, i.e. (Central Bank of Yemen) to better publicize the event and build awareness of IMF products and solutions. 11