An online resource on the topic of Debt in the developing world countries with an Islamic perspective. Produced by Islamic Relief and Jubliee Debt Campaign.
Microfinance: Giving a Chance to the Working PoorJason Duff
Microfinance is one of the most powerful vehicles to help the working poor create jobs, opportunity, and to build a sustainable lifestyle. Jason Duff presents for Opportunity International about Microfinance, Microlending, and other tools helping the words entrepreneurs.
Managing Director of Lotus Capital Limited
Mrs Hajara Adeola is the Managing Director of Lotus Capital Limited, a Nigerian pioneer in Shari'ah compliant Asset Management, Private Wealth Management Advisory Services and Financial Advisory Services. She comes to Lotus Capital from UBS Warburg where she was a Director heading their London Islamic Finance Desk. Her responsibilities included structuring and trading Islamic Finance investment instruments for European private clients and multi- currency money market instruments for institutional clients (UK private banks). She was also responsible for structuring innovative Islamic Finance instruments to meet evolving client requirements and liaising with the Shari'ah consultants for approval.
Prior to joining UBS, she was a Convertible Bond Research Analyst at BNP Paribas, London where her primary responsibility was to analyze, write and publish daily and quarterly research on European convertible bonds. This research was published on Bloomberg and distributed to BNP Paribas' worldwide institutional convertible client base daily. In addition, she structured and priced primary convertible bond issues for corporate clients and gained invaluable experience in the over the counter structured finance field. Mrs. Hajara Adeola began her career as a consultant at Andersen Consulting (now Accenture). From there she joined ARM Investment Managers as a pioneer staff and rose to Vice-President and Head of the Research and Financial Advisory Units. Her responsibilities included equity research, trading and investment management of global equity portfolios and financial advisory assignments (feasibility reports, business plans, project management and fund raising). In all, she has over 15 years of international experience in research and analysis, investment management and corporate finance.
This paper considers that the most challenging needs facing the development of Microentrepreneurship, are the need to develop innovative socially-oriented banks that care about the ―unbankable‖ segment of the society. Family Bank is considered to be one of the ―social businesses‖ which are based entirely upon the partnership as well as social corporate responsibility (CSR) of private sector.
Small loans, big differences presentation october_1_2011Malik Mirza
What is the story of microfinance? How did it started? What were the last words of Professor Younus at the time when he was leaving Grameen Bank? What are the dynamics of microfinance in pakistan?
This is a presentation made to a gathering of journalists on October 1, 2011 to provide them with basic information about microfinance.
This presentation also includes a slide on different websites which can be used as resources by those who intend to find more material on microfinance.
How to Manage Poverty is one of challenges of this time. There are different thoughts on it. This article is basically defines the challenges and how the poverty can be reduced. Islamic Finance is the key to reducing global poverty.
What is poverty- Definition?
There are essentially two distinct concepts of poverty: the absolute and the relative poverty concepts. The former is normally associated with some income level required to sustain a minimum standard of living. That income level, defined as poverty line income is often used to determine whether an individual is poor or otherwise. The individual is considered poor if his income is below poverty line income. He is not poor otherwise. The poverty line income is therefore a very useful concept which defines the income required to sustain a minimum standard of living. One of the approaches adapted to measure the minimum standard of living is the basic needs approach. It looks at the economic, social, political and even cultural needs. One is said to attain a minimum standard of living if all his basic needs are satisfied.
Small loans, big differences presentation october_1_2011Malik Mirza
What is the story of microfinance? How did it started? What were the last words of Professor Younus at the time when he was leaving Grameen Bank? What are the dynamics of microfinance in pakistan?
This is a presentation made to a gathering of journalists on October 1, 2011 to provide them with basic information about microfinance.
This presentation also includes a slide on different websites which can be used as resources by those who intend to find more material on microfinance.
Microfinance: Giving a Chance to the Working PoorJason Duff
Microfinance is one of the most powerful vehicles to help the working poor create jobs, opportunity, and to build a sustainable lifestyle. Jason Duff presents for Opportunity International about Microfinance, Microlending, and other tools helping the words entrepreneurs.
Managing Director of Lotus Capital Limited
Mrs Hajara Adeola is the Managing Director of Lotus Capital Limited, a Nigerian pioneer in Shari'ah compliant Asset Management, Private Wealth Management Advisory Services and Financial Advisory Services. She comes to Lotus Capital from UBS Warburg where she was a Director heading their London Islamic Finance Desk. Her responsibilities included structuring and trading Islamic Finance investment instruments for European private clients and multi- currency money market instruments for institutional clients (UK private banks). She was also responsible for structuring innovative Islamic Finance instruments to meet evolving client requirements and liaising with the Shari'ah consultants for approval.
Prior to joining UBS, she was a Convertible Bond Research Analyst at BNP Paribas, London where her primary responsibility was to analyze, write and publish daily and quarterly research on European convertible bonds. This research was published on Bloomberg and distributed to BNP Paribas' worldwide institutional convertible client base daily. In addition, she structured and priced primary convertible bond issues for corporate clients and gained invaluable experience in the over the counter structured finance field. Mrs. Hajara Adeola began her career as a consultant at Andersen Consulting (now Accenture). From there she joined ARM Investment Managers as a pioneer staff and rose to Vice-President and Head of the Research and Financial Advisory Units. Her responsibilities included equity research, trading and investment management of global equity portfolios and financial advisory assignments (feasibility reports, business plans, project management and fund raising). In all, she has over 15 years of international experience in research and analysis, investment management and corporate finance.
This paper considers that the most challenging needs facing the development of Microentrepreneurship, are the need to develop innovative socially-oriented banks that care about the ―unbankable‖ segment of the society. Family Bank is considered to be one of the ―social businesses‖ which are based entirely upon the partnership as well as social corporate responsibility (CSR) of private sector.
Small loans, big differences presentation october_1_2011Malik Mirza
What is the story of microfinance? How did it started? What were the last words of Professor Younus at the time when he was leaving Grameen Bank? What are the dynamics of microfinance in pakistan?
This is a presentation made to a gathering of journalists on October 1, 2011 to provide them with basic information about microfinance.
This presentation also includes a slide on different websites which can be used as resources by those who intend to find more material on microfinance.
How to Manage Poverty is one of challenges of this time. There are different thoughts on it. This article is basically defines the challenges and how the poverty can be reduced. Islamic Finance is the key to reducing global poverty.
What is poverty- Definition?
There are essentially two distinct concepts of poverty: the absolute and the relative poverty concepts. The former is normally associated with some income level required to sustain a minimum standard of living. That income level, defined as poverty line income is often used to determine whether an individual is poor or otherwise. The individual is considered poor if his income is below poverty line income. He is not poor otherwise. The poverty line income is therefore a very useful concept which defines the income required to sustain a minimum standard of living. One of the approaches adapted to measure the minimum standard of living is the basic needs approach. It looks at the economic, social, political and even cultural needs. One is said to attain a minimum standard of living if all his basic needs are satisfied.
Small loans, big differences presentation october_1_2011Malik Mirza
What is the story of microfinance? How did it started? What were the last words of Professor Younus at the time when he was leaving Grameen Bank? What are the dynamics of microfinance in pakistan?
This is a presentation made to a gathering of journalists on October 1, 2011 to provide them with basic information about microfinance.
This presentation also includes a slide on different websites which can be used as resources by those who intend to find more material on microfinance.
Debt and Climate Change is the third briefing in a series. Each is produced by Jubilee Debt Campaign, along with different partners, and explores the impact of debt on specific issues and people. The briefing paper addresses the issue of Debt and Climate Change from a variety of perspectives. It is available to download from the Jubilee Debt Campaign website: please go to - www.jubileedebtcampaign.org.uk/climate
Much of this debt has been termed ‘unjust’ provided to dictators or oppressive regimes by lenders who knew it would never reach the people or projects for which it was intended.
• Firstly, a Muslim maintains that overall sovereignty of creation lies with God • God has appointed human beings as His stewards , duty bound to struggle to maintain the balance in the Universe; to establish justice and harmony within themselves, and between all humans and the rest of creation. • To reverse discord, and challenge injustice and inequality, each human being has to cultivate and harvest a charitable disposition . • Selfless charity and a sense of service should be ready to mobilise the Muslim community to respond to those who are suffering the world over.
Conversely the debt crisis, and the resultant structural adjustment programmes, has forced countries to strip down their social ‘safety nets’ and prevented them from providing their populations with basic needs such as public health and education systems. For example, Ecuador spends 47 per cent of its government’s income on servicing debt and only 12 per cent on education and just 7 per cent on healthcare.
Much of this debt has been termed ‘unjust’ provided to dictators or oppressive regimes by lenders who knew it would never reach the people or projects for which it was intended.
Nigeria, for example, originally borrowed less than $17 billion, repaid back over $20 billion, but, in 2005 still owed about $32 billion. Photo: Helen Seignior/ World Vision
It is clear that on the subject of debt, Islam can add religious thinking to the ethical and moral debates. What Islamic thinking supports often mirrors what campaigns such as the Jubilee Debt Campaign are also calling for. Muslims are therefore encouraged to: Speak up about injustice and inequality: Islam encourages people to reflect on their individual and global responsibilities in the hope that ethical behaviour will create ethical political and economic systems. In essence, Islam seeks to encourage people to reflect upon their individual and global responsibilities, as caring neighbours, in the hope that ethical behaviour will result in ethical political and economic systems. By sharing this vision, advocated by Islam and aspired to by millions of Muslims worldwide, an important, and for some, a startling fact, should emerge: the values of Muslims and of those millions of non-Muslims who work tirelessly for social justice are practically identical on so many issues; there is much more that unites people than divides.
Jubilee Debt Campaign would like to thank Practical Action, World Development Movement and WWF (World Wide Fund for Nature), our partners in the research for Debt and Climate Change .