The following list of courses were prepared from the relevant institutions website. Please contact the institutions for further detail.
Are Sharia-Compliant Asset-Backed Tokens the Future of Cryptocurrency? more
Maybank Islamic named Asia-Pacific’s Islamic Bank of the Year 2017 more
UK ’Shariah-compliant’ airline Firnas targeting $1.29 mln on crowdfunder Eureeca more
Finance authority launches Islamic finance road map in Indonesia more
IFSB “Another Year of Slowdown in Global Islamic Finance” more
2nd Islamic Finance Conference
Islamic Microfinance and Social Responsibility
Jeddah 2016 (IFC2016)
Venue: Effat University – Jeddah- Kingdom of Saudi Arabia
Date: April 20- 21 2016
Background of the Conference
The tremendous growth of Islamic finance has proved that Islamic finance is a viable alternative solution for conventional finance. The estimated growth of Islamic finance is around 15% and with $ 1.5 trillion asset worldwide. Islamic Microfinance is still small segment in Islamic finance industry compared to other segments such as Islamic banking and Islamic capital market, etc. Islamic Microfinance is a segment with great potential for growth. It is assessed that Islamic microfinance is 1% of the total Islamic finance. Development of microfinance helps countries to increase their growth and the welfare of the less privileged people in the society. This conference will provide you with opportunities to collaborate with Academics, researchers, government, and practitioners to develop innovative solutions to Islamic micro-financing challenges; and share best practices in this area. This will give participants in this conference the exposure to not only the theory but also the practical applications of Islamic micro-financing and their impact on economic growth.
The conference is intended for researchers, academicians, regulators, and business entities who are interested in enhancing knowledge and ideas in Islamic Microfinancing.
OBJECTIVES OF THE CONFERENCE
- Increase the understanding and awareness of Islamic microfinance and its implementation.
- Offer innovative practical solutions related to contemporary challenges on Islamic microfinance.
- Provide opportunities to participants share best practices and publish their research on Islamic economics and finance issues.
Strengthen the cooperation on Islamic economics practices among industry, academic institutions, and government.
List of grand themes:
- Role of Islamic microfinance in social development
- Entrepreneurship and microfinance
- Alleviating poverty
- Socio-economic impact of Islamic microfinance
- Success stories
- Miscellaneous topics
REGISTRATION AND ONLINE SUBMISSION: Registration and submission of full paper must be done electronically through the online submission system. Link: http://www.effatuniversity.edu.sa
Abstract Submission: Manuscript should present original idea and not published or submitted for publication in other forums. The abstract should outline the introduction, objectives, methodology, result & analysis, and conclusion. It should not be more than 300 words (MS Word using Times New Roman, 12pt font, maximum of 7 keywords and JEL codes).
Electronic submission of abstract through IFC@effatuniversity.edu.sa email. Author(s) contact information (title, names, affiliations, addresses, telephone numbers, fax numbers and e-mail addresses) must be stated on the first page of paper or abstract.
Paper Publication and Presenter Registration: Every accepted paper must have at least one author registered to the conference by time the paper is submitted; the author is also expected to attend the conference and present the paper. Conference Fees: US$ 200 for participant and US$150 for presenter (US$ 50 for student).
- Abstract Deadline: March, 10th 2016
- Abstract Acceptance Notification: March, 20th 2016
- Full Paper Deadline: April, 5th 2016
We look forward to receiving your submissions.
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by : Michael Gassner, Editor of IslamicFinance.de
Michael Gassner, Editor of IslamicFinance.de presented on the 3ème Congrès International de la Finance Islamique “Les Banques Islamiques et le Financement des Entreprises: Pratiques et enjeux théoriques” en Marrakech, 25/26 Mai 2015.
The presentation discussed that exponential growth of debt in Islamic finance is ruled out, nevertheless, debt and equity finance exists. The specific significance of equity finance (musharaka, mudaraba) lies in need for solid debt/equity ratio, as Muslims shall never die being in debt. Still Islamic banks barely provide any equity finance and the reason often given are moral hazard costs. This is denied as debt as well as equity has specific moral hazard problems, and if anything, even conventional banks would offer a mixture of debt and equity. Rather the assumed reason appears to be in the regulation (capital weight) and taxation (interest deductibility), which makes equity financing from a bank 2-4 times at least more expensive than debt finance, and thus not worth being offered.
The attached presentation is in French.
The organiser of the conference was the Groupe de recherche en Innovation, Responsabilités et Développement Durable (INREDD, UCA, Marrakech) Et the Bernoulli Center for Economics (BCE, Université de Basel, Suisse).