Islamic social financing: micro-finance and micro-takaful

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.

1. 
   Explain the need for Islamic Microfinance and Microtakaful and understand how they were developed from Shari'ah sources.
   
2. 
   Identify and explain the general features of Islamic Microfinance and Microtakaful
   
3. 
   Apply Islamic Microfinance and Microtakaful to the areas of Islamic social financing, poverty alleviation and sustainable development.
   
4. 
   Recognize Islamic Microfinance and Microtakaful as viable alternatives to the conventional Microfinance and Microinsurance.
   

9.30 – 10.30

• 
  Keynote Address I
  

10.45 – 12.30

• 
  Panel I: Capacity Building of Islamic Micro-entrepreneurs
  

Dr. Mutasim Yousif Elbadri, Senior Economist, Director of Organizing and Administrative Development Directorate, Central Bank of Sudan

1. 
   Kazakhstan: “The development of Islamic Microfinance in Indonesia: implications for Kazakhstan”, Ms. Alfiya Salikhova
   
2. 
   Kyrgyzstan: Mr. Talant Kerimbayev, Director of Microfinance Institutions of Kyrgyzstan
   
3. 
   Tajikistan: “Role of credit bureau in the development of Islamic Microfinance” Mr. Shukhrat Abdullayev, Director of “Somonien Credit Bureau
   

14.00 – 15.00

• 
  Keynote Address II
  

15.15 – 17.15

• 
  Presentation I: Business Models for Islamic Microfinance and Selected Cases by 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” "Halal Insurance", “Microtakaful: system for low income households - difficulties and possibilities” by Ms. Kuralay Yeldesbay, Chair of Board of Mutual Insurance Society, Kazakhstan
  

9.00 – 10.00

• 
  Keynote Address III
  

10.15 – 11.30

• 
  Panel II: Cross Country Experiences of Islamic Microfinance
  

Prof Dr Naseem Shirazi, IRTI

1. 
   Kazakhstan: “Developmental perspectives of Islamic Microfinance in the Republic of Kazakhstan”, Mr. Timur Alim, CEO and Founder of “New Finance” Microcredit Organization
   
2. 
   Azerbaijan: Mr. Adalet Djabiev, Chairman, Badr Finance, Azerbaijan (tbc)
   
3. 
   Uzbekistan: Speaker from Uzbekistan (tbc)
   
4. 
   Tajikistan: “Islamic Microfinance in Tajikistan. Formation stages”, Mr. Farkhod Akbarov, Chairman of Management Board, Association of Microfinance Organizations in Tajikistan
   
5. 
   Bangladesh: Speaker from Bangladesh (tbc)
   

11.30 – 12.30

• 
  Panel III: Cross Country Experiences of Islamic Microfinance
  

1. 
   Sudan: Dr. Mutasim Yousif Elbadri, 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. Zamir Pusurov, Executive Director of Islamic Microcredit Company (Companion Invest), Kyrgyzstan
   
3. 
   Malaysia: Speaker to be identified
   
4. 
   Indonesia: Speaker to be identified
   

14.00 – 15.30

• 
  Panel IV: The Role of Waqf and Zakat in financing Islamic Microfinance
  

1. 
   Prof. Dr. Naseem Shirazi [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. Adlet Aliyev, Chief Dealer of Treasury and Investment Dept., Al-Hilal Islamic Bank
   
4. 
   Iran: Qarzol-Hasaneh Mehr Iran Bank (tbc)
   

• 
  Networking break
  

• 
  Conclusions from the seminar
  

• 
  Certificate ceremony, closing remarks.