5 Interactive Distance Learning Programs on Islamic Banking and Finance

Saturday, November 26, 2016

6th Global Islamic Microfinance Forum Inaugurated in Kenya

(Nairobi – Kenya )  6th Global Islamic Microfinance Forum officially inaugurated by Dr. Geoffrey N. Mwau, Director General, Budget, Fiscal & Economic Affairs , National Treasury, Kenya, H.E Raza Bashir Tarar, High Commissioner of Pakistan in Kenya, Dr.Amjad Saqib, Founder Akhuwat&Mr. Zubair Mughal, CEO, AlHuda CIBE in Nairobi Today.

The salient topics will be discussed at the conference included bringing together the Islamic Microfinance Institutions on a single platform, role of Islamic Microfinance in poverty alleviation, Shariah and related issues of Islamic Microfinance Institutions and their solutions, Crypto-Currency as tool of financial inclusion, Islamic Agri. And Rural Finance, I.T role for the Development of Islamic Microfinance, Outreach of AlHuda Centre for Excellence in Islamic Microfinance to different countries and dissemination of Qarz-e-Hasna Model of Akhuwat. Representatives from microfinance institutions from 28 countries expressed their intent to unify their efforts for poverty alleviation and social development through Islamic Microfinance.

In the opening remarks, Dr.Amjad Saqib, Founder – Akhuwat appreciated the contribution of AlHuda Center of Islamic Banking and Economics for the promotion of Islamic Microfinance, he mentioned, in Sub-Saharan Africa more than 50% of the population is Muslims, the presence of such a large number of Muslims along with weak financial inclusion and limited Islamic providers, calls for the need of Islamic Microfinance Products to be promoted in the region. While speaking with the audience, H.E Raza Bashir Tararemphasized the developed of Islamic Microfinance for the poverty alleviation especially for the Muslim world, he also mentioned that Microfinance Industry witnessed continued growth and expansion in outreach in the year 2016 and we hope for the best for the coming years as well.



While addressing the conference, Dr. Geoffrey N. Mwau, Director General, Budget, Fiscal & Economic Affairs, National Treasury, Kenya mentioned that one may ask why Kenya is keen on Islamic Finance?The answer to this question lies in the potential that this field of finance holds, not only globally but also domestically. Some of the factors driving this potential include 1) First, on the international front, according to IFSB, the Global Islamic Financial services industry reached an overall total value of USD 1.88 Trillion as 2015, which expectations of Market size growth to USD3.4 Trillion by end of 2018.  2) Domestically, Kenya’s Islamic Finance market has already witnessed substantial growth over the last few years with several key financial sector Institutions of Islamic orientation operation today, including 2 fully fledged Islamic Banks, 5 Islamic windows, 2 credit unions, 1 Takaful Company, 1 Re-Takaful Window and 1 Capital Market Unit Trust Fund 2016.  3)  We have in place the right facilitative environment, including a strategic location as a regional financial, communication and transportation hub. 4) Islamic Finance Promises to foster greater financial Inclusion, especially of large underserved Muslim population.

He also make some landmark announcement to establish a National Shariah Supervisory Board (NSSB) – an institution that will be the point of the reference when it comes to all matters to do with Islamic Finance, and also mentioned that Government, with the assistance from development partners, shall intensify efforts to capacity building and develop a critical mass of expertise to work in the Islamic Finance Industry. He also declared that Govt. through the Ministry of Foreign Affairs in seeking for Kenya to join the Islamic Development Bank and IFSB.

Speaking on the successful, Zubair Mughal – Chief Executive Officer AlHuda Centre of Islamic Banking and Economics highlighted that theassemblage of a large number of institutions on the forum of Islamic Microfinance is a clear indication that it is the ideal viable solution of poverty alleviation around the globe. He urged the World Bank, IDB, USAID, IFC and other international institutions to include Islamic Microfinance in their priority agenda for financial Inclusion, social development and poverty eradication.

Forum will be continued for two days along with two days post-event workshop in Nairobi. 

23 comments:

  1. Claim FREE satoshis at Easy Bitcoin. Up to 33 satoshis every 10 minutes.

    ReplyDelete
    Replies
    1. $$$ GENUINE LOAN WITH 3% INTEREST RATE APPLY NOW $$$.
      Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.
      Email: shadiraaliuloancompany1@gmail.com

      LOAN APPLICATION DETAILS.
      First Name:
      Last Name:
      Date Of Birth:
      Address:
      Sex:
      Phone No:
      City:
      Zip Code:
      State:
      Country:
      Nationality:
      Occupation:
      Monthly Income:
      Loan Amount:
      Loan Duration:
      Purpose of the loan:
      Email: shadiraaliuloancompany1@gmail.com


      $$$ GENUINE LOAN WITH 3% INTEREST RATE APPLY NOW $$$.
      Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.
      Email: shadiraaliuloancompany1@gmail.com

      LOAN APPLICATION DETAILS.
      First Name:
      Last Name:
      Date Of Birth:
      Address:
      Sex:
      Phone No:
      City:
      Zip Code:
      State:
      Country:
      Nationality:
      Occupation:
      Monthly Income:
      Loan Amount:
      Loan Duration:
      Purpose of the loan:
      Email: shadiraaliuloancompany1@gmail.com

      Delete
  2. Insightful information shared. One can also get the detail top 10 architecture colleges in maharashtra. Thanks for sharing.

    ReplyDelete
  3. Excellent piece. I am currently doing my final year research on the growth of Islamic Banking in Nairobi. There has never been better time to have this conversation

    ReplyDelete
  4. I’m student of BBA and studied banking & finance as subject, now I’m thinking about to choose it as specialized subjects. My personal interest is in banking, which is allowing me to go through it. Thanks for sharing such an informative post. Keep it up.

    ReplyDelete
  5. Dear Customers,

    Capital funding for cooperate bodies,individuals and companies:
    We specialize in providing capital for business start-up, business developments, business expansion and investment capital Ranges from 20,thousand to 10,Million (CPL) Our funding sources specialize in creative solutions to meet your needs. Emails us to provide you the required capital- Fast Process and Instant Approval ‎

    @2% interest rate
    Flexible repayment
    1 to 35 years duration
    Contact details
    Email: capitalfundingsolutinfo@gmail.com

    ReplyDelete
  6. Searching for banking courses after graduation? Find variety of unique job oriented courses LearnwithFlip for perfect specialization in banking.

    ReplyDelete
  7. Dear Customers,

    Capital funding for cooperate bodies,individuals and companies:
    We specialize in providing capital for business start-up, business developments, business expansion and investment capital Ranges from 2 thousand Dollars to 10 Million Dollars (CPL) Our funding sources specialize in creative solutions to meet your needs. Emails us to provide you the required capital- Fast Process and Instant Approval ‎

    @3% interest rate
    Flexible repayment
    1 to 40 years duration
    Contact details
    Email: fecbackcare@gmail.com

    ReplyDelete
  8. We provide the guidelines for SME, MSME business software and government schemes for MSME’s etc.

    ReplyDelete
  9. NETSOL Technologies provides superior software solutions & digital enablement solutions for the asset finance
    & leasing industry worldwide.Asset Finance Software
    https://netsoltech.com/

    ReplyDelete
  10. NETSOL Technologies Inc is a worldwide provider of global IT
    and enterprise application solutions which include credit and finance portfolio management systems,
    SAP consulting, custom development, systems integration and technical services. Asset Finance Software
    Asset Finance Software

    ReplyDelete
  11. Exkash.com is reliable and most trusted instant exchange bitcoin to bank account transfer cryptocurrency withdraw btc to bank cash dollars conversion live.
    Bitcoin to Bank Account

    ReplyDelete
  12. Exkash.net is reliable and the most credible instant exchange bit coin is for bank account relocation and cryptocurrency is for cash withdrawals.Exkash can track for you that how to spend your bitcoin.
    When you will use Exkash, we may receive some compensation. Kindly, visit Exkash.net. Bitcoin to Bank account.
    Bitcoin to Bank Account

    ReplyDelete
  13. This is best website where you can buy leatherwear items like jackets, bondage, biker wear and also other adults wear, yes leather addicts is best website for you. Visit now for more details.
    Leather Addicts

    ReplyDelete
  14. If you are worry about your business and wanna hire best Web development company to make website,
    mobile app and also for digital marketing. You can contact us for this.Are you looking for best web development company to make a website or mobile app for your business, then are you on the right place.

    ReplyDelete
  15. Our Expert Swimming pool contractors team build and repair pools and other larger water equipment.
    They are responsible not only for the pool itself and the equipment necessary to maintain it, but also for installing safety devices to protect the pools' users.

    ReplyDelete
  16. The economic landscape of today is not only demanding but it also comes with a lot of pressure.
    Businesses are starting to see that they need to do something different and unique if they want to make an impact and grow.
    Asset Finance And Leasing is a great way for any company to grow.

    ReplyDelete
  17. It's a pity you don't have a donate button! I'd certainly donate to this outstanding blog! I guess for now i'll settle for book-marking and adding your RSS feed to my Google account. I look forward to brand new updates and will share this website with my Facebook group. Chat soon!
    نافذة تكنولوجيا الأخبار على الانترنت

    ReplyDelete
  18. Wanted to take this opportunity to let you know that I read your blog posts on a regular basis. Your writing style is impressive, keep it up! iceland financial crisis summary

    ReplyDelete
  19. I'm also writing to make you understand of the fabulous discovery my cousin's daughter found viewing the blog. She even learned numerous details, most notably how it is like to possess a wonderful coaching character to make the mediocre ones just fully understand certain impossible topics. You really surpassed our expectations. I appreciate you for providing such precious, dependable, explanatory and in addition unique guidance on the topic to Janet. ειδησεισ τωρα ελλαδα

    ReplyDelete
  20. Do not use all of these Private Money Lender here.They are located in Nigeria, Ghana Turkey, France and Israel.My name is Mrs.Ramirez Cecilia, I am from Philippines. Have you been looking for a loan?Do you need an urgent personal or business loan?contact Fast Legitimate Loan Approval he help me with a loan of $78.000 some days ago after been scammed of $19,000 from a woman claiming to be a loan lender from Nigeria but i thank God today that i got my loan worth $78.000.Feel free to contact the company for a genuine financial call/whats-App Contact Number +918929509036 Email:(fastloanoffer34@gmail.com)

    ReplyDelete
  21. Crystal water is Georgia pools builders company with budget friendly customs solutions based in atlanta swimming
    pool contractors near me creative design.

    ReplyDelete