The document provides details about a two-day specialized training workshop on Islamic microfinance that was jointly organized by AlHuda Centre of Excellence in Islamic Microfinance and Yemen Microfinance Network. The training workshop aimed to educate microfinance professionals in Yemen on Islamic microfinance and was attended by representatives from various microfinance institutions, banks, and organizations. The workshop agenda covered topics on Islamic finance principles, Islamic microfinance products and operations, case studies on best practices, and opportunities and challenges for the Islamic microfinance sector in Yemen. Participants provided positive feedback and suggested organizing longer training workshops to promote awareness of Islamic microfinance in Yemen.
1) Pakistan was one of the first countries to implement Islamic banking in the 1960s and 1970s, with the founder of Pakistan calling for an Islamic banking system when establishing the State Bank of Pakistan in 1948.
2) Egypt started the first modern Islamic bank, called Mit Ghamr Savings Bank, in 1963 based on profit-sharing principles without interest. It succeeded in attracting many depositors and financing local projects until being shut down for political reasons in 1967.
3) Malaysia established Tabung Haji in 1962 as the first Islamic bank in Asia to help Muslims save for the hajj pilgrimage, and it remains an important Islamic financial institution today.
The document summarizes an upcoming 3-day training workshop on Islamic Microfinance that will be held in Baku, Azerbaijan from October 8-10, 2012. The workshop is jointly organized by the Azerbaijan Micro-finance Association (AMFA) and AlHuda Center of Excellence in Islamic Microfinance. The workshop aims to educate professionals on Islamic Microfinance as an effective tool for poverty alleviation, featuring lectures on topics like Islamic banking, financing mechanisms, and microinsurance. It is expected to benefit those working in microfinance, banking, development and related fields. The document provides details on the location, objectives, program outline, speakers, registration and participation.
The document summarizes a 3-day training workshop on Islamic microfinance to be held in Baku, Azerbaijan from October 8-10, 2012. The workshop is jointly organized by the Azerbaijan Micro-finance Association (AMFA) and AlHuda Center of Excellence in Islamic Microfinance. The training aims to educate professionals on Islamic microfinance as an effective tool for poverty alleviation, especially in predominantly Muslim Azerbaijan and Caucasus & CIS countries. Topics will include the concepts and mechanisms of Islamic banking, finance, and microinsurance. Attendees will gain knowledge on developing Islamic microfinance products and models. The workshop will utilize lectures, discussions, and case studies led by expert speakers.
This two-day training workshop on Islamic Microfinance will be jointly organized by the Yemen Microfinance Network (YMN) and AlHuda Center of Excellence in Islamic Microfinance on September 16-17, 2012 in Sana'a, Yemen. The training aims to provide education and training to microfinance professionals on Islamic financial systems and products. It will cover topics such as the concepts and applications of Islamic microfinance, Shariah principles, product mechanisms, models of Islamic microfinance, and microtakaful. Speakers will include experts from Pakistan. Attendees will gain knowledge on global best practices and opportunities in the emerging field of Islamic microfinance.
This two-day workshop on Islamic microfinance in Sana'a, Yemen is jointly organized by the Yemen Microfinance Network (YMN) and AlHuda CIBE. The workshop will provide training on Islamic banking, finance, and insurance principles and their application to microfinance. It aims to educate professionals on using Islamic microfinance to alleviate poverty in Yemen, where over 30% of the population lives below the poverty line. The training will cover topics such as Shariah foundations and product mechanisms of Islamic microfinance. Attendees will gain knowledge from international scholars on global best practices and opportunities in the emerging field of Islamic microfinance.
This document summarizes the development of Islamic finance in the Gulf Cooperation Council (GCC) states. It finds that the GCC collectively accounts for over 40% of global shariah-compliant financial assets, led by Saudi Arabia, Kuwait, UAE, Bahrain, and Qatar. Government policy has generally facilitated Islamic finance's expansion through legislation and regulation, though some GCC states were initially cautious. The banking sector has grown rapidly, offering deposits, financing for trade, real estate, and consumer credit. Sukuk issuance and financial centers have also contributed to the industry's growth, with Bahrain emerging as a major Islamic finance hub. Overall, the GCC states have played a leading role in the global development of Islamic
Islamic finance has grown rapidly in recent decades and become a significant part of the global financial system, with estimated assets exceeding $1 trillion. There are two main models of Islamic finance - the Arab model which originated in the 1970s focused on asset management, while the Malaysian model emphasized generating financing. Malaysia in particular has been innovative in developing sharia-compliant financial instruments and a dual banking system. For Islamic finance to be economically sustainable, it must continue to interface productively with conventional finance by creating positive synergies rather than assuming competition between the systems.
Islamic banking a study of the relevant operating modes in current financial ...Alexander Decker
This document summarizes the history and operating modes of Islamic banking. It discusses:
1) Islamic banking emerged in the 1960s/70s as an alternative to interest-based banking guided by Islamic principles. Currently there are over 300 Islamic banks worldwide.
2) The main operating modes of Islamic banking include profit and loss sharing (mudarabah), equity partnerships (musharakah), and fixed-return contracts like murabaha (cost-plus sale).
3) Murabaha contract allows banks to purchase goods for clients and sell them at a markup, functioning as a financing mechanism while avoiding interest. It has become widely used in practice.
1) Pakistan was one of the first countries to implement Islamic banking in the 1960s and 1970s, with the founder of Pakistan calling for an Islamic banking system when establishing the State Bank of Pakistan in 1948.
2) Egypt started the first modern Islamic bank, called Mit Ghamr Savings Bank, in 1963 based on profit-sharing principles without interest. It succeeded in attracting many depositors and financing local projects until being shut down for political reasons in 1967.
3) Malaysia established Tabung Haji in 1962 as the first Islamic bank in Asia to help Muslims save for the hajj pilgrimage, and it remains an important Islamic financial institution today.
The document summarizes an upcoming 3-day training workshop on Islamic Microfinance that will be held in Baku, Azerbaijan from October 8-10, 2012. The workshop is jointly organized by the Azerbaijan Micro-finance Association (AMFA) and AlHuda Center of Excellence in Islamic Microfinance. The workshop aims to educate professionals on Islamic Microfinance as an effective tool for poverty alleviation, featuring lectures on topics like Islamic banking, financing mechanisms, and microinsurance. It is expected to benefit those working in microfinance, banking, development and related fields. The document provides details on the location, objectives, program outline, speakers, registration and participation.
The document summarizes a 3-day training workshop on Islamic microfinance to be held in Baku, Azerbaijan from October 8-10, 2012. The workshop is jointly organized by the Azerbaijan Micro-finance Association (AMFA) and AlHuda Center of Excellence in Islamic Microfinance. The training aims to educate professionals on Islamic microfinance as an effective tool for poverty alleviation, especially in predominantly Muslim Azerbaijan and Caucasus & CIS countries. Topics will include the concepts and mechanisms of Islamic banking, finance, and microinsurance. Attendees will gain knowledge on developing Islamic microfinance products and models. The workshop will utilize lectures, discussions, and case studies led by expert speakers.
This two-day training workshop on Islamic Microfinance will be jointly organized by the Yemen Microfinance Network (YMN) and AlHuda Center of Excellence in Islamic Microfinance on September 16-17, 2012 in Sana'a, Yemen. The training aims to provide education and training to microfinance professionals on Islamic financial systems and products. It will cover topics such as the concepts and applications of Islamic microfinance, Shariah principles, product mechanisms, models of Islamic microfinance, and microtakaful. Speakers will include experts from Pakistan. Attendees will gain knowledge on global best practices and opportunities in the emerging field of Islamic microfinance.
This two-day workshop on Islamic microfinance in Sana'a, Yemen is jointly organized by the Yemen Microfinance Network (YMN) and AlHuda CIBE. The workshop will provide training on Islamic banking, finance, and insurance principles and their application to microfinance. It aims to educate professionals on using Islamic microfinance to alleviate poverty in Yemen, where over 30% of the population lives below the poverty line. The training will cover topics such as Shariah foundations and product mechanisms of Islamic microfinance. Attendees will gain knowledge from international scholars on global best practices and opportunities in the emerging field of Islamic microfinance.
This document summarizes the development of Islamic finance in the Gulf Cooperation Council (GCC) states. It finds that the GCC collectively accounts for over 40% of global shariah-compliant financial assets, led by Saudi Arabia, Kuwait, UAE, Bahrain, and Qatar. Government policy has generally facilitated Islamic finance's expansion through legislation and regulation, though some GCC states were initially cautious. The banking sector has grown rapidly, offering deposits, financing for trade, real estate, and consumer credit. Sukuk issuance and financial centers have also contributed to the industry's growth, with Bahrain emerging as a major Islamic finance hub. Overall, the GCC states have played a leading role in the global development of Islamic
Islamic finance has grown rapidly in recent decades and become a significant part of the global financial system, with estimated assets exceeding $1 trillion. There are two main models of Islamic finance - the Arab model which originated in the 1970s focused on asset management, while the Malaysian model emphasized generating financing. Malaysia in particular has been innovative in developing sharia-compliant financial instruments and a dual banking system. For Islamic finance to be economically sustainable, it must continue to interface productively with conventional finance by creating positive synergies rather than assuming competition between the systems.
Islamic banking a study of the relevant operating modes in current financial ...Alexander Decker
This document summarizes the history and operating modes of Islamic banking. It discusses:
1) Islamic banking emerged in the 1960s/70s as an alternative to interest-based banking guided by Islamic principles. Currently there are over 300 Islamic banks worldwide.
2) The main operating modes of Islamic banking include profit and loss sharing (mudarabah), equity partnerships (musharakah), and fixed-return contracts like murabaha (cost-plus sale).
3) Murabaha contract allows banks to purchase goods for clients and sell them at a markup, functioning as a financing mechanism while avoiding interest. It has become widely used in practice.
11.islamic banking a study of the relevant operating modes in current financi...Alexander Decker
This document summarizes the history and operating modes of Islamic banking. It discusses:
1) Islamic banking emerged in the 1960s/70s as an alternative to interest-based banking guided by Islamic principles. Currently there are over 300 Islamic banks worldwide.
2) The main operating modes of Islamic banking include profit and loss sharing (mudarabah), equity partnerships (musharakah), and fixed-return contracts like murabaha (cost-plus sale).
3) Murabaha contract allows banks to purchase goods for clients and sell them at a markup, functioning as a financing mechanism while avoiding interest. It has become widely used in practice.
Islamic microfinance aims to provide sustainable solutions for poverty alleviation through ethical and moral financial practices as dictated by Islamic principles. Conventional microfinance has failed to fully reach the poorest populations, but Islamic finance emphasizes social and economic equality. Islamic microfinance is growing, with over 300 institutions operating in 32 countries. AlHuda CIBE convenes the Global Islamic Microfinance Forum to expand awareness and opportunities in the industry. The upcoming 3rd Forum in Dubai will bring together experts and practitioners to promote Islamic microfinance and find solutions to challenges like a lack of standardized policies and donor reluctance.
The document summarizes the presentation by Mr. MamodeRaffick Nabee Mohomed on the Al Barakah Multi-purpose Co-operative Society Limited in Mauritius. Al Barakah was established in 1998 as an Islamic financial cooperative to provide halal financing and investment opportunities for Muslims according to Islamic principles. It operates according to the Mauritian Cooperative Societies Act and provides services like home and vehicle financing based on murabahah. While challenges remain, opportunities exist to further develop Islamic finance through cooperatives in Mauritius and projects with Al Barakah.
The document provides information about the 4th Global Islamic Microfinance Forum organized by AlHuda Center of Islamic Banking & Economics (AlHuda CIBE) in Dubai, UAE from November 1-2, 2014. The forum aims to promote Islamic microfinance worldwide and discuss challenges and opportunities in the industry. It includes details about the objective, agenda, speakers and sponsorship opportunities of the event. Some of the topics to be discussed are the Akhuwat model of interest-free loans, use of zakat and waqf for microfinance, innovation and IT in Islamic microfinance products.
The document provides an overview of the global Islamic asset management sector. It finds that while the number of Islamic funds has significantly increased over the past five years, assets under management have grown only marginally and remain a small fraction of total Islamic finance assets. Malaysia, Saudi Arabia, and Luxembourg collectively host 71% of global Islamic funds. Sukuk funds outperformed benchmarks after the 2008 crisis but have struggled more recently. Achieving scale remains a key challenge for the industry.
This document provides information about the 4th Global Islamic Microfinance Forum which was held in Dubai, UAE in 2014. It discusses the importance of promoting Islamic microfinance to alleviate poverty worldwide. The forum focused on challenges and opportunities in the Islamic microfinance industry, including funding challenges, capacity building needs, and technological innovations that could help the industry grow. It also highlights successful Islamic microfinance models from different regions and discusses how financial inclusion, social impact, and microtakaful can help empower communities through Islamic microfinance.
The document discusses the global financial crisis and proposes Islamic finance as a solution. It provides background on the causes of the crisis, including risky mortgage products and loose lending practices. It then outlines several principles of Islamic finance, such as prohibitions on usury and speculation, that could have helped avoid the crisis. The finance minister of Bahrain is quoted saying that adhering to Islamic rules helped the country avoid riskier assets and weather the recession well. The conclusion argues that Islamic finance principles of linking finance to real economic activity could help reduce debt and speculation and promote stability.
Global trends in islamic banking - MIM Mediterranean Economic Forum 2014Jassim Mahadik
This document summarizes global trends in Islamic banking. It discusses the growth of the Islamic banking industry from $781 billion in 2008 to an estimated $1.6 trillion in assets currently. The three main types of Islamic banking systems - full-fledged, dual, and conventional plus - are described. Recent developments include mergers and acquisitions of Islamic banks as well as moves toward centralized Sharia boards and standardization. Challenges facing the industry include a lack of risk management techniques and the need for more education and research.
Islamic Finance Review (ISFIRE) is a quarterly, magazine, which is unique for its articulation of original ideas, clarification of complex issues, and promotion of leading figures in the Islamic finance industry. Till now I have designed more than 6 issues and this one was published in June 2015.
4Promoting awareness of Islamic Microfinance among the masses, government and Non
Governmental Sectors and Multilateral Donor agencies.
Promote Islamic Microfinance Model which is compatible with the models being used in Conventional
Microfinance.
The document summarizes information about AlHuda Centre of Islamic Banking and Economics (CIBE), an organization that promotes Islamic banking and finance. It discusses AlHuda CIBE's services and recognition over its 11 years of operations. It also provides background information on the Philippines, Islamic banking and finance, and the agenda for AlHuda CIBE's two-day specialized training event on Islamic banking and microfinance in Marawi, Philippines.
Islamic Finance and Economic Growth in the Kingdom of Saudi Arabia (KSA): An ...scmsnoida5
This paper examines the relationship between
the development of Islamic finance system and
economic growth in the Kingdom of Saudi
Arabia. The relationship between Islamic
banking and economic growth is done using
econometric analysis. In this analysis, we use
Islamic banks’ financing credited to private
sector through modes of financing as a proxy for
the development of Islamic finance system and
Gross Domestic Product (GDP), Gross Fixed
Capital Formation (GFCF) and Foreign Direct
Investment inflow (FDI) as proxies for real
economic growth. For the analysis, the unit root
test, co-integration test and Granger causality
tests were done. Based on the availability of data,
time series data from 1990 to 2010 is used to
examine the relationship between Islamic banks’
financing and GDP, FDI, and GFCF. Data for
all variables are stationary after first difference.
The co-integration results provide an evidence of
a unique cointegrating vector. In other words, there is a long-term stable relationship between
Islamic banks’ financing and economic growth
in the Kingdom of Saudi Arabia. That means
Islamic banks’ financing and economic growth
relationships are moving together in the longrun.
The results from causality tests show that causality
relation exist from the Islamic banks’ financing
to investment and Foreign Direct Investment
(FDI) of the Kingdom of Saudi Arabia. The
results indicate that Islamic finance is a suitable
environment for attracting FDI and FDI
reinforces economic growth.
The document discusses Islamic microfinance and an upcoming conference on the topic. It provides background on the conference organizers, AlHuda CIBE and Akhuwat, and summarizes the previous 2011 conference. It then discusses the objectives and importance of Islamic microfinance, highlighting its role in poverty alleviation and ability to serve both Muslim and non-Muslim communities. The upcoming Global Islamic Microfinance Forum in Dubai is intended to further promote awareness and recognition of Islamic microfinance through sessions led by experts.
AlHuda Center of Islamic Banking and Economics is organizing a two-day specialized training workshop on Islamic banking and finance in Mauritius on August 02-03, 2017 to provide education on topics like Islamic economics, Islamic banking products and contracts, risk management, and more, with speakers including Muhammad Zubair Mughal and Qazi Abdul Samad.
The document discusses the development of Islamic banking and finance in Malaysia. It notes that Malaysia has established a comprehensive Islamic financial system over the past few decades through gradual reforms. This system now includes 12 full-fledged Islamic banks, 9 takaful operators, and Islamic banking windows at conventional banks. The central bank of Malaysia, Bank Negara Malaysia, plays an active role in regulating the industry and promoting Malaysia as an international hub for Islamic finance.
The document discusses the future prospects of Islamic financial institutions in Malaysia. It provides an overview of Islamic finance principles and products, the role and functions of Islamic financial institutions in Malaysia, and the opportunities and challenges they may face. Specifically, it notes that Malaysia has played a leading role in developing the global Islamic finance industry and regulating domestic Islamic banking. The future prospects for growth appear positive due to government support and liberalization measures, though institutions will need to continue innovating and competing with conventional options.
AlHuda CIBE in association with AL BARAKAH Multi-purpose Cooperative Society Limited & Cararia Solutions LTD is going to organize a ‘‘Two Days Specialized Training Workshop on Islamic Banking and Finance’’ on 19 – 20 April, 2017 at Mauritius. For further information please visit: http://www.alhudacibe.com/roadshow2017/mauritius.php and email: info@alhudacibe.comShow less
ALHUDA CENTRE OF ISLAMIC BANKING & ECONOMICS IS PLEASED TO ORGANIZE AFRICAN 2 – DAYS SPECIALIZED TRAINING WORKSHOP ISLAMIC BANKING, ISLAMIC SME & ISLAMIC MICRO FINANCE on 13th & 14th June, 2014 - Ghana
This document provides information about an upcoming Islamic Microfinance Global Forum event. The two-day forum will include sessions on the conceptual framework and policies of Islamic microfinance, the Akhuwat model of poverty alleviation, current status and future potential of Islamic microfinance, and outreach and sustainability. There will also be a post-event workshop on the operational mechanisms and marketing strategies of Islamic microfinance. The event aims to promote awareness of Islamic microfinance and create a favorable environment for its growth.
11.islamic banking a study of the relevant operating modes in current financi...Alexander Decker
This document summarizes the history and operating modes of Islamic banking. It discusses:
1) Islamic banking emerged in the 1960s/70s as an alternative to interest-based banking guided by Islamic principles. Currently there are over 300 Islamic banks worldwide.
2) The main operating modes of Islamic banking include profit and loss sharing (mudarabah), equity partnerships (musharakah), and fixed-return contracts like murabaha (cost-plus sale).
3) Murabaha contract allows banks to purchase goods for clients and sell them at a markup, functioning as a financing mechanism while avoiding interest. It has become widely used in practice.
Islamic microfinance aims to provide sustainable solutions for poverty alleviation through ethical and moral financial practices as dictated by Islamic principles. Conventional microfinance has failed to fully reach the poorest populations, but Islamic finance emphasizes social and economic equality. Islamic microfinance is growing, with over 300 institutions operating in 32 countries. AlHuda CIBE convenes the Global Islamic Microfinance Forum to expand awareness and opportunities in the industry. The upcoming 3rd Forum in Dubai will bring together experts and practitioners to promote Islamic microfinance and find solutions to challenges like a lack of standardized policies and donor reluctance.
The document summarizes the presentation by Mr. MamodeRaffick Nabee Mohomed on the Al Barakah Multi-purpose Co-operative Society Limited in Mauritius. Al Barakah was established in 1998 as an Islamic financial cooperative to provide halal financing and investment opportunities for Muslims according to Islamic principles. It operates according to the Mauritian Cooperative Societies Act and provides services like home and vehicle financing based on murabahah. While challenges remain, opportunities exist to further develop Islamic finance through cooperatives in Mauritius and projects with Al Barakah.
The document provides information about the 4th Global Islamic Microfinance Forum organized by AlHuda Center of Islamic Banking & Economics (AlHuda CIBE) in Dubai, UAE from November 1-2, 2014. The forum aims to promote Islamic microfinance worldwide and discuss challenges and opportunities in the industry. It includes details about the objective, agenda, speakers and sponsorship opportunities of the event. Some of the topics to be discussed are the Akhuwat model of interest-free loans, use of zakat and waqf for microfinance, innovation and IT in Islamic microfinance products.
The document provides an overview of the global Islamic asset management sector. It finds that while the number of Islamic funds has significantly increased over the past five years, assets under management have grown only marginally and remain a small fraction of total Islamic finance assets. Malaysia, Saudi Arabia, and Luxembourg collectively host 71% of global Islamic funds. Sukuk funds outperformed benchmarks after the 2008 crisis but have struggled more recently. Achieving scale remains a key challenge for the industry.
This document provides information about the 4th Global Islamic Microfinance Forum which was held in Dubai, UAE in 2014. It discusses the importance of promoting Islamic microfinance to alleviate poverty worldwide. The forum focused on challenges and opportunities in the Islamic microfinance industry, including funding challenges, capacity building needs, and technological innovations that could help the industry grow. It also highlights successful Islamic microfinance models from different regions and discusses how financial inclusion, social impact, and microtakaful can help empower communities through Islamic microfinance.
The document discusses the global financial crisis and proposes Islamic finance as a solution. It provides background on the causes of the crisis, including risky mortgage products and loose lending practices. It then outlines several principles of Islamic finance, such as prohibitions on usury and speculation, that could have helped avoid the crisis. The finance minister of Bahrain is quoted saying that adhering to Islamic rules helped the country avoid riskier assets and weather the recession well. The conclusion argues that Islamic finance principles of linking finance to real economic activity could help reduce debt and speculation and promote stability.
Global trends in islamic banking - MIM Mediterranean Economic Forum 2014Jassim Mahadik
This document summarizes global trends in Islamic banking. It discusses the growth of the Islamic banking industry from $781 billion in 2008 to an estimated $1.6 trillion in assets currently. The three main types of Islamic banking systems - full-fledged, dual, and conventional plus - are described. Recent developments include mergers and acquisitions of Islamic banks as well as moves toward centralized Sharia boards and standardization. Challenges facing the industry include a lack of risk management techniques and the need for more education and research.
Islamic Finance Review (ISFIRE) is a quarterly, magazine, which is unique for its articulation of original ideas, clarification of complex issues, and promotion of leading figures in the Islamic finance industry. Till now I have designed more than 6 issues and this one was published in June 2015.
4Promoting awareness of Islamic Microfinance among the masses, government and Non
Governmental Sectors and Multilateral Donor agencies.
Promote Islamic Microfinance Model which is compatible with the models being used in Conventional
Microfinance.
The document summarizes information about AlHuda Centre of Islamic Banking and Economics (CIBE), an organization that promotes Islamic banking and finance. It discusses AlHuda CIBE's services and recognition over its 11 years of operations. It also provides background information on the Philippines, Islamic banking and finance, and the agenda for AlHuda CIBE's two-day specialized training event on Islamic banking and microfinance in Marawi, Philippines.
Islamic Finance and Economic Growth in the Kingdom of Saudi Arabia (KSA): An ...scmsnoida5
This paper examines the relationship between
the development of Islamic finance system and
economic growth in the Kingdom of Saudi
Arabia. The relationship between Islamic
banking and economic growth is done using
econometric analysis. In this analysis, we use
Islamic banks’ financing credited to private
sector through modes of financing as a proxy for
the development of Islamic finance system and
Gross Domestic Product (GDP), Gross Fixed
Capital Formation (GFCF) and Foreign Direct
Investment inflow (FDI) as proxies for real
economic growth. For the analysis, the unit root
test, co-integration test and Granger causality
tests were done. Based on the availability of data,
time series data from 1990 to 2010 is used to
examine the relationship between Islamic banks’
financing and GDP, FDI, and GFCF. Data for
all variables are stationary after first difference.
The co-integration results provide an evidence of
a unique cointegrating vector. In other words, there is a long-term stable relationship between
Islamic banks’ financing and economic growth
in the Kingdom of Saudi Arabia. That means
Islamic banks’ financing and economic growth
relationships are moving together in the longrun.
The results from causality tests show that causality
relation exist from the Islamic banks’ financing
to investment and Foreign Direct Investment
(FDI) of the Kingdom of Saudi Arabia. The
results indicate that Islamic finance is a suitable
environment for attracting FDI and FDI
reinforces economic growth.
The document discusses Islamic microfinance and an upcoming conference on the topic. It provides background on the conference organizers, AlHuda CIBE and Akhuwat, and summarizes the previous 2011 conference. It then discusses the objectives and importance of Islamic microfinance, highlighting its role in poverty alleviation and ability to serve both Muslim and non-Muslim communities. The upcoming Global Islamic Microfinance Forum in Dubai is intended to further promote awareness and recognition of Islamic microfinance through sessions led by experts.
AlHuda Center of Islamic Banking and Economics is organizing a two-day specialized training workshop on Islamic banking and finance in Mauritius on August 02-03, 2017 to provide education on topics like Islamic economics, Islamic banking products and contracts, risk management, and more, with speakers including Muhammad Zubair Mughal and Qazi Abdul Samad.
The document discusses the development of Islamic banking and finance in Malaysia. It notes that Malaysia has established a comprehensive Islamic financial system over the past few decades through gradual reforms. This system now includes 12 full-fledged Islamic banks, 9 takaful operators, and Islamic banking windows at conventional banks. The central bank of Malaysia, Bank Negara Malaysia, plays an active role in regulating the industry and promoting Malaysia as an international hub for Islamic finance.
The document discusses the future prospects of Islamic financial institutions in Malaysia. It provides an overview of Islamic finance principles and products, the role and functions of Islamic financial institutions in Malaysia, and the opportunities and challenges they may face. Specifically, it notes that Malaysia has played a leading role in developing the global Islamic finance industry and regulating domestic Islamic banking. The future prospects for growth appear positive due to government support and liberalization measures, though institutions will need to continue innovating and competing with conventional options.
AlHuda CIBE in association with AL BARAKAH Multi-purpose Cooperative Society Limited & Cararia Solutions LTD is going to organize a ‘‘Two Days Specialized Training Workshop on Islamic Banking and Finance’’ on 19 – 20 April, 2017 at Mauritius. For further information please visit: http://www.alhudacibe.com/roadshow2017/mauritius.php and email: info@alhudacibe.comShow less
ALHUDA CENTRE OF ISLAMIC BANKING & ECONOMICS IS PLEASED TO ORGANIZE AFRICAN 2 – DAYS SPECIALIZED TRAINING WORKSHOP ISLAMIC BANKING, ISLAMIC SME & ISLAMIC MICRO FINANCE on 13th & 14th June, 2014 - Ghana
This document provides information about an upcoming Islamic Microfinance Global Forum event. The two-day forum will include sessions on the conceptual framework and policies of Islamic microfinance, the Akhuwat model of poverty alleviation, current status and future potential of Islamic microfinance, and outreach and sustainability. There will also be a post-event workshop on the operational mechanisms and marketing strategies of Islamic microfinance. The event aims to promote awareness of Islamic microfinance and create a favorable environment for its growth.
The logo for the Global Islamic Microfinance Forum was inaugurated in Yemen and Pakistan. In Yemen, the logo was inaugurated by the Managing Director of the Yemen Microfinance Network. In Pakistan, the logo was inaugurated by the Chief Executive Officer of the World Congress of Muslim Philanthropists. The forum will be held on December 8-10, 2012 in Dubai, United Arab Emirates. It is expected to draw delegates from over 25 countries to discuss global policies for Islamic microfinance. Prior to the forum, the AlHuda Centre of Excellence in Islamic Microfinance will hold promotional roadshows in several countries to encourage participation.
The document announces an upcoming training from March 5-6, 2017 at the Dusit Thani Hotel in Dubai on Islamic microfinance. It provides details on the event organizers, AlHuda Center of Islamic Banking and Economics, which has over 11 years of experience in Islamic banking and finance education and services. The training will cover fundamentals and products of Islamic micro and rural finance like Murabaha, Bai Salam, Istisna, Mudaraba, Musharaka and more. It will include lectures, discussions, and individual/group work. The target attendees are Islamic banks, microfinance institutions, universities and students. The training aims to provide quality and Shariah-compliant
The two-day workshop on Islamic microfinance aimed to provide the latest knowledge and trends in microfinance from an Islamic perspective. It was organized by AlHuda Centre of Islamic Banking and Economics (CIBE), which seeks to promote Islamic banking and finance through training, education, and product development. The workshop would cover fundamentals of Islamic finance, Islamic microfinance products and structures, challenges and opportunities in the sector, and innovations in Islamic microfinance. It brought together experts from banks and regulatory institutions to discuss topics like Murabaha, Mudaraba, Ijarah, and the role of Islamic microfinance in poverty alleviation.
AlHuda CIBE aims to develop Islamic microfinance through various initiatives. It connects borrowers and lenders through interest-free lending to alleviate poverty. There are over 75 Islamic microfinance institutions worldwide in countries like Afghanistan, Indonesia, and Sudan. AlHuda seeks to establish an International Islamic Microfinance Network to facilitate institutional capacity building, set Shariah compliance standards, and serve as a global voice for the industry. The network would bring together various organizations involved in Islamic microfinance.
AlHuda CIBE has several initiatives to promote Islamic microfinance, including an Islamic microfinance help desk, product development, and an online microfinancing platform. It also connects lenders and borrowers for Islamic microloans. Additionally, it has established an International Islamic Microfinance Network with over 75 member institutions worldwide that aims to build capacity, set standards, promote innovation and research, and serve as a communication channel for the industry. The network's members include Islamic microfinance institutions, support programs, consultancies, financial institutions, takaful companies, and donors who facilitate the Islamic microfinance sector.
The 6th Global Islamic Microfinance Forum will be held in Nairobi, Kenya from November 8-9, 2016 to discuss innovative financial inclusion strategies for poverty alleviation according to Islamic principles. Organized by AlHuda CIBE and Akhuwat, the forum aims to develop remedies to poverty in Muslim countries by supporting the growing Islamic microfinance industry. Over 35 countries are expected to participate in discussions around topics such as Islamic microfinance, financial inclusion, and rural development.
Two days Specialized Training Workshop on Islamic Micro & rural finance
For Registration & Further Details visit below links.
Nigeria: http://www.alhudacibe.com/roadshow2017/nigeria.php
AlHuda Center of Islamic banking and economics (CIBE) Initiated a Islamic Microfinance research study for Yemen Microfinance Network (YMN) in Yemen. This study will be conducted in the Yemen’s capital Sana’a including Taiz, Adan and Almoukla, so that the Islamic Microfinance products can be examined broadly and further Islamic Microfinance products can be developed for Yemen Microfinance sector with the compatibility of existing structure. Consequently, maximum people utilize the Microfinance facility and the alleviation of poverty would be assured.
Islamic Microfinance is an effective tool for the poverty alleviation and it should be introduced around the globe to state an effective policy forultimate poverty alleviation from the world, these views were stated by Dr. Fatima Mohamed Yousif Al-Balooshi, Minister (Ministry of Social Development – Bahrain) as a Chief Guest in the 3rd Global Islamic Microfinance Forum (GIMF) held on 6th to 8th October, 2013 at Dusit Thani Hotel, Dubai in which delegates from more than 30 countries participated actively and this Forum was organized and conducted by AlHuda Centre of Islamic Banking and Economics CIBE).
The Centre of Excellence in Islamic Microfinance has been established in Pakistan to provide capacity building and Shariah guidance to microfinance and Islamic microfinance institutions. The Centre will operate simultaneously through partner offices in several countries to help eliminate poverty through Islamic microfinance. Islamic microfinance has become important because nearly half of the world's poor live in Muslim countries. The Centre of Excellence will help microfinance institutions adopt Islamic microfinance systems through system development, gap analysis, and Shariah guidance.
The document provides an introduction to Islamic microfinance. It discusses the differences between conventional and Islamic microfinance, highlighting that Islamic microfinance prohibits interest and is based on risk sharing. It also outlines some of the popular financing modes used in Islamic microfinance like murabaha, ijara, and musharaka. The document further discusses the demand for Islamic microfinance worldwide and provides examples of institutions implementing Islamic microfinance in various countries.
M khaleequzzaman third conference al_huda_mainstreaming islamic microfinance_...snb9899
1. The document discusses mainstreaming Islamic microfinance as an inclusive approach to address issues with conventional microfinance such as weakening social collateral, mistargeting of the poorest, and high costs.
2. It recommends downscaling Islamic banks and commercial banks to provide microfinance services according to Sharia principles through linkage models with MFIs and establishing full-fledged Islamic microfinance banks.
3. Involving cooperatives and utilizing tools like zakat and sadaqah can help include the poorest clients in Islamic microfinance programs.
This document provides an overview of Islamic investment banking. It discusses how the global financial crisis has highlighted strengths of the Islamic banking model such as its more conservative approach and emphasis on asset-backed transactions. However, it also notes that many Islamic banks in the GCC region have a narrow focus on real estate, lacking the diversified product and service offering of conventional investment banks. The foreword argues that Islamic banks should use this opportunity to strengthen the Islamic investment banking model and build a more resilient industry through long-term strategies including diversification and partnerships with conventional banks.
AlHuda CIBE is going to organize "Three Days Specialized Training Workshop on Islamic
Banking, Takaful and Islamic Microfinance" on 17 - 18 June, 2019 at Tajikistan
The Islamic Microfinance market has reached $1 billion in size due to its remarkable performance in alleviating poverty. Over 300 Islamic Microfinance institutions currently serve 1.6 million clients across 32 countries. International organizations are supporting the growth of Islamic microfinance to further reduce poverty. The CEO of AlHuda CIBE established the Centre of Excellence in Islamic Microfinance to provide advisory services and help conventional institutions transform into Islamic ones to accelerate the advancement of the industry.
The global Islamic finance industry has grown rapidly over the past decade and now manages over $1 trillion in assets. Several factors are driving continued growth, including increased capital from Muslim-majority countries, the rise of Islamic multinationals, and growing retail demand. While the industry has potential to tap into the large Muslim population worldwide, it still needs to educate customers and differentiate itself more from conventional finance. Regulatory challenges and a lack of skilled professionals could hamper further expansion.
The document provides an introduction to Islamic microfinance. It discusses key differences between conventional and Islamic microfinance, including the prohibition of interest and emphasis on risk sharing. It outlines various Islamic financing modes used in microfinance like murabahah, ijara, and musharakah. The document also provides examples of Islamic microfinance institutions and their experiences internationally.
Similar to Report Islamic Microfinance Workshop (20)
AlHuda Center of Islamic Banking and Economics (CIBE) is a well established name in Islamic Banking and Finance with state-of-the-art advisory, consultancy, education, training, research and product development services. AlHuda CIBE has organized number of international customized training workshops on Islamic Banking and Finance to build the capacity of young Islamic finance professionals. As a matter of fact that Pakistan keeps enough potential for the growth of Islamic Banking and Finance, AlHuda CIBE is going to organize Training workshop on Islamic Banking for capacity building in Islamic Banking Professionals.
Uzbekistan Lessor Association (ULA) signed a Memorandum of Understanding (MoU) with AlHuda Center of Islamic Banking and Economics (CIBE), to implement promote Islamic leasing business in the country with the help of its association members.
AlHuda CIBE is pleased to announce Islamic Finance prestigious Training series in USA Titled: “Islamic Banking & Finance- 26-27 June, 2019 at Washington, DC” and “Islamic Finance & Islamic FinTech- 29-30 June, 2019 at San Francisco, USA”.
AlHuda Centre of Islamic Banking and Economics (CIBE) provides advisory, consultancy, education, training, research and product development services related to Islamic banking and finance. It has organized many international training workshops on Islamic banking and finance to build capacity. As Pakistan has potential for growth in Islamic banking, AlHuda CIBE plans to organize a training workshop there for professionals in the field. The document discusses the need to address the lack of skilled human capital in Islamic banking and finance.
AlHuda CIBE is going to organize "Global Takaful Forum" on August 26, 2019 at Istanbul - Turkey.
The objective of the event is to provide adequate knowledge and benefits of Takaful industry to the relevant market. The platform will help analyzing the problems hindering rapid development of Takaful worldwide that would surely help increasing financial inclusion.
CIS Islamic Banking and Finance Forum Auspiciously Concluded in Tashkent.
CIS Islamic Banking and Finance Forum was successfully concluded in Tashkent-Uzbekistan, yesterday. The purpose of that forum was to promote, strengthen and unite the Islamic Banking and Finance industry of the CIS countries, the theme of the forum was “CIS as new destination for Islamic Finance” which also addressed financial inclusion, fintech, Sukuk, Takaful, Islamic capital markets Islamic Microfinance, potential and opportunities of Islamic finance in CIS countries. Distinguished Speakers and industry experts from well serving organizations related to Islamic banking and finance, Islamic insurance (Takaful), and banking industry participated in the event. The aim of the forum was also to discuss the potential of Islamic finance in CIS countries, Investment avenue’s, FinTech, Sukuk, Takaful and Islamic capital markets by gathering stakeholders under one roof. The forum was organized by AlHuda Centre of Islamic Banking and Economics in partnership with multilateral organization Islamic Corporation for Development of Private Sector (ICD) – Islamic Development Bank (IsDB), Uzbekistan Bank Association.
The document provides information about an upcoming conference on Islamic banking and finance in the Commonwealth of Independent States (CIS) countries. The conference will explore the untapped potential of Islamic banking in the CIS region, and provide insights into global trends and innovations in Islamic banking, takaful, sukuk, and financial inclusion. It will take place on May 2-4, 2019 in Tashkent, Uzbekistan and include sessions on regulatory frameworks, investment opportunities, and a post-event workshop on Islamic banking, takaful and microfinance.
AlHuda Centre of Islamic Banking and Economics (CIBE) provides advisory, consultancy, education, training, research and product development services related to Islamic banking and finance. It has organized numerous international training workshops on Islamic banking and finance to build the capacity of young professionals. As the potential for Islamic banking and finance is growing in Pakistan, AlHuda CIBE plans to hold a training workshop there to provide capacity building for Islamic banking professionals.
AlHuda Centre of Islamic Banking and Economics (CIBE) provides advisory, consultancy, education, training, research and product development services related to Islamic banking and finance. It has organized many international training workshops to build the capacity of Islamic finance professionals. Given Pakistan's potential for growth in Islamic banking and finance, AlHuda CIBE plans to hold a training workshop there on Islamic banking to further develop professionals in the field. The document also notes that while Islamic finance has grown, there remains a lack of skilled human capital, which requires immediate attention.
AlHuda CIBE is going to organize "Three Days Specialized Training Workshop on Islamic
Banking, Takaful and Islamic Microfinance" on 21 - 23 March, 2019 at Dakar, Senegal
AlHuda Centre of Islamic Banking and Economics (CIBE) is a recognized name in Islamic banking and finance Market for trainings, research and advisory over the last 13 years. The prime goal has always been to remain stick to the commitments and provide state-of the-art Advisory Consultancy and Education through various well recognized modes viz. Campus programs, Distance learning programs, Trainings Workshops, Awareness Programs and Islamic Microfinance Products Development all side by side through our distinguished and generally acceptable and known Publications in Islamic Banking and Finance. We are dedicated to serve the community as a unique institution providing trainings, education and consultancy in the field of Islamic Banking & Finance not only in Pakistan but all over the world. We have so far organized more than 300 trainings, 32 successful campus programs and training courses with numerous national and international students.
AlHuda CIBE is pleased to announce its upcoming event the "African Interest-free Banking and Finance Forum" on 6th February, 2019 followed by Post Event Workshop “Interest-Free Banking & Finance, Insurance & Microfinance” on 7th - 8th February, 2019 at Addis Ababa, Ethiopia. The aim of this forum is to address the latest trends, challenges, and opportunities in Finance Industry of Africa.
The aim of this forum is to address the latest trends, challenges and opportunities in Islamic Financial Industry of Africa. This forum will also give an opportunity to all the institutions, organizations and professional to network and exchange business ideas.
AlHuda CIBE going to organize Two days specialized training workshop on Islamic Banking & Finance in Azerbaijan
E: info@alhudacibe.com
http://www.alhudacibe.com/conference2018/
AlHuda CIBE going to organize Two days specialized training workshop on Islamic Banking & Finance on 06-07 September, 2018 at London - United Kingdom
E: info@alhudacibe.com
http://www.alhudacibe.com/conference2018/IBFUK/
This document provides information about a two-day training workshop on Islamic microfinance and agriculture finance that will take place from July 27-28, 2018 in Nairobi, Kenya. It will be hosted by AlHuda CIBE, an organization dedicated to promoting Islamic banking and finance. The training will cover various Islamic microfinance products and mechanisms, innovations in the field, and ways to strengthen institutions that provide poverty alleviation. It is aimed at professionals working in Islamic banking, microfinance organizations, and universities. The document provides contact information, pricing details, and an invitation for interested individuals to register.
AlHuda CIBE going to organize Two days specialized training workshop on Islamic Banking & Finance on 18-19 October, 2018 at Canada.
E: info@alhudacibe.com
http://alhudacibe.com/conference2018/canada/
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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