Adfimi Ffsa Joint Workshop On

Adfimi Ffsa Joint Workshop On

ADFIMI – FFSA JOINT WORKSHOP ON

ISLAMIC SOCIAL FINANCING:

MICRO-FINANCE AND MICRO-TAKAFUL

Grand Voyage Hotel, Almaty, KAZAKHSTAN, 12-13 November 2015

(Tentative ProgrammeV.920.08.15)

SYNOPSIS
Tis workshop introduces participants to the concept of Islamic Microfinance and Microtakaful which essentially deal with the developmental needs of the unbankable members of the society; particularly their financial needs and those related to social security. The workshop addresses these needs comparatively from the conventional and Islamic perspectives. The workshop is enriched by discussions on microfinance and microtakaful issues related to contemporary business practices and cases.
This workshop is also expected to enhance the capabilities of the participants holding various positions particularly in the banking and finance sectors, and equip them with the necessary tools of Islamic social financing.
LEARNING OUTCOME
At the end of the workshop, participants will be able to;
a)Explain the need for Islamic Microfinance and Microtakaful and understand how they were developed from Shari'ah sources.
b)Identify and explain the general features of Islamic Microfinance and Microtakaful
c)Apply Islamic Microfinance and Microtakaful to the areas of Islamic social financing, poverty alleviation and sustainable development.
d)Recognize Islamic Microfinance and Microtakaful as viable alternatives to the conventional Microfinance and Microinsurance.
TENTATIVE SCHEDULE
DAY 1: 12 November 2015
Time / Program
8.30 – 9.00 / Registration
9.00 – 9.30 / WelcomingRemarks
Session 1
9.30 – 10.30 / Keynote Address I
Sustainability and Outreach of Islamic Microfinance
Mr. ZaratkazyNurpiyisov, Kazakhstan
10.30 – 10.45 / Networking Break
Session 2
10.45 – 12.30 / Panel I: Capacity Building of Islamic Micro-entrepreneurs
MODERATOR
Dr.MutasimYousifElbadri, Senior Economist, Director of Organizing andAdministrative Development Directorate, Central Bank of Sudan
PANELLISTS
  1. Kazakhstan: “The development of Islamic Microfinance in Indonesia: implications for Kazakhstan”, Ms. AlfiyaSalikhova
  2. Kyrgyzstan: Mr. TalantKerimbayev, Director of Microfinance Institutions of Kyrgyzstan
  3. Tajikistan: “Role of credit bureau in the development of Islamic Microfinance” Mr. ShukhratAbdullayev, Director of “Somonien Credit Bureau

12.30 – 14.00 / Lunch & Prayer Break
Session 3
14.00 – 15.00 / Keynote Address II
Unlocking the Potentials of Islamic Microtakaful: Challenges and Prospects
Dr Osman Babikr Ahmed, Lead Economist/Training Specialist, IRTI/IDB
15.00– 15.15 / Networking Break
Session 4
15.15 – 17.15 / Presentation I: Business Models for Islamic Microfinance and Selected Casesby Dr. Mustafa Omar Mohammed, Associate Professor, Department of Economics, International Islamic University of Malaysia
Presentation II: Sukuk Finance for Inclusive Growth by Dr. Osama Rayis, Director General, Africa City of Technology, Sudan
Presentation III “Takaful” "HalalInsurance", “Microtakaful: systemforlowincomehouseholds -difficultiesandpossibilities”by Ms. KuralayYeldesbay, Chair of Board of Mutual Insurance Society, Kazakhstan
End of day 1
DAY 2: 13 November 2015
Session 5
9.00 – 10.00 / Keynote Address III
Vision and Strategies for Technology Enabled Islamic Micro-finance
Mr.AzhariGasim Ahmed, Lead Economist, Islamic Solidarity Fund, IDB
10.00 – 10.15 / Networking Break
Session 6
10.15 – 11.30 / Panel II: Cross Country Experiences of Islamic Microfinance
MODERATOR
Prof Dr NaseemShirazi, IRTI
PANELLISTS
  1. Kazakhstan: “Developmental perspectives of Islamic Microfinance in the Republic of Kazakhstan”, Mr. TimurAlim, CEO and Founder of “New Finance” Microcredit Organization
  2. Azerbaijan: Mr. AdaletDjabiev, Chairman, Badr Finance, Azerbaijan (tbc)
  3. Uzbekistan: Speaker fromUzbekistan (tbc)
  4. Tajikistan: “Islamic Microfinance in Tajikistan. Formation stages”, Mr. FarkhodAkbarov, Chairman of Management Board, Association of Microfinance Organizations in Tajikistan
  5. Bangladesh: Speaker fromBangladesh (tbc)

Session 7
11.30 – 12.30 / Panel III: Cross Country Experiences of Islamic Microfinance
MODERATOR
Mr. NarmukhanSarybayev, Chairman of the Board & CEO
Fund for Financial Support of Agriculture JSC, Kazakhstan
PANELLISTS
  1. Sudan: Dr.MutasimYousifElbadri, Senior Economist, Director of Organizing and Administrative Development Directorate, Central Bank of Sudan
  2. Kyrgyztan : “The difficulties, challenges and opportunities of Islamic Microfinance in Central Asia (The example of the Kyrgyz Republic)”,Mr. ZamirPusurov, Executive Director of Islamic Microcredit Company (Companion Invest), Kyrgyzstan
  3. Malaysia: Speakerto be identified
  4. Indonesia:Speaker to be identified

12.30 – 14.00 / Lunch & Prayer Break
Session 8
14.00 – 15.30 / Panel IV: The Role of Waqf and Zakat in financing Islamic Microfinance
MODERATOR
Mr. AzhariGasim Ahmed, Lead Economist, Islamic Solidarity Fund, IDB
PANELLISTS
  1. Prof.Dr.NaseemShirazi [IRTI, IDB]
  2. Malaysia: Dr. Mustafa Omar Mohammed, Associate Professor, Department of Economics, International Islamic University of Malaysia
  3. Kazakhstan: “Islam in Islamic Financial Organizations”, Mr. AdletAliyev, Chief Dealer of Treasury and Investment Dept., Al-Hilal Islamic Bank
  4. Iran: Qarzol-HasanehMehr Iran Bank (tbc)

15.30– 16.00 / Networking break
16.00 – 16.30 / Conclusions from the seminar
16.30 -17.00 / Certificate ceremony, closing remarks.

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