by James Stevenson -

MICROFINANCE EVENT: 5th Global Takaful and Re-takaful Forum; September 19-21, 2023; Dubai, UAE

This event includes a one-day forum on September 19 followed by a two-day workshop on the historical, “operational and practical aspects” of takaful, re-takaful and micro-takaful, types of insurance that comply with Islamic law. The goals of these events are to

by Renata Samadova -

MICROFINANCE EVENT: 4th Global Takaful & Re-takaful Forum; August 24-26, 2022; Dubai, UAE

The purpose of this event is to share information about takaful – insurance that complies with Islamic law. The event combines a forum on the first day with workshops during the two following days. The forum will include sessions such as: (1) Foundations and Current Practices of the Takaful Industry; (2) Takaful Portfolios and Innovative Products; (3) Best Marketing Strategies; (4) Risk Management & Actuarial Services; and (5) Future Perspectives of Takaful.

by Kiersten Greene -

MICROFINANCE EVENT: Second International Interest-free Banking & Takaful Forum; February 18-20, 2020; Addis Ababa, Ethiopia

On February 18, this event includes speakers on investment opportunities and other potential benefits of Islamic finance, which employs mechanisms such as the sharing of both profit and loss

by Christine Chang -

MICROCAPITAL BRIEF: Microfinance Institution Farz Foundation and Insurance Provider Pak-Qatar Family Takaful Limited (PQFTL) to Provide Shari’ah-Compliant Insurance Facilities in Lahore

Farz Foundation and Pak-Qatar Family Takaful Limited (PQFTL), Pakistan-based organizations that provide microfinance services adhering to the principles of Islam, have signed a memorandum of understanding (MOU) for the provision of Shari’ah-compliant insurance facilities in Lahore.

by Ben Barba -

MICROFINANCE EVENT: 3rd CIS Islamic Banking and Finance Forum; March 14-16, 2023; Tashkent, Uzbekistan 

This event offers a one-day summit on March 14 and a two-day workshop on March 15 and 16, all with the aim of promoting Islamic finance in the 10 member countries of the Commonwealth of Independent States (CIS). The summit offers sessions titled Islamic Finance and Financial Inclusion; Investment

by Ben Barba -

MICROFINANCE EVENT: 10th African Islamic Finance Summit; May 3, 2023; Serrekunda, The Gambia – NEW DATE

Originally scheduled to take place during February, this event is structured as a one-day summit followed by a two-day workshop, all focusing on Islamic finance, which refers to financial services that comply with Shariah principles, such as the use of profit sharing in lieu of charging interest. The event is themed “Evidence of Impact – Financial Inclusion,” with the first day’s session titles include Islamic Banking, Finance, FinTech [Financial Technology]

by the MicroCapital Team -

MICROCAPITAL BRIEF: As Lenders Meet Central Bank of Sudan Requirement to Allocate 12% of Portfolios to Microfinance, Agriculture Leads Market

Since 2007, the Central Bank of Sudan, microfinance institutions and other stakeholders have worked to institutionalize microfinance practices that comply with Islamic law and are resilient to challenges such as changing political situations, regional stagflation and COVID-19. The regulator required in 2010 that commercial banks allocate at least 12 percent of their lending to microcredit, which is defined as loans of up to USD 2,600, but they only recently met the requirement.

From the end of 2020 to the end of 2021, the number of microfinance clients in the country grew by 100,000 to

by Vighnesh Avadhanam -

MICROFINANCE EVENT: 3rd CIS Islamic Banking and Finance Forum; May 25-27, 2022; Baku, Azerbaijan

The organizers of this forum aim to promote Islamic finance in the nine-member countries of the Commonwealth of Independent States (CIS). Islamic finance is that which is compliant with Shariah law, such as by an investor sharing profit and loss rather than charging interest for a loan. The main event is on May 25, followed by a post-event workshop on May 26 and May 27. The topics on the agenda for the first day of the forum include takaful – Islamic insurance – as well as how Islamic

by Sheen Gupta -

MICROFINANCE EVENT: 8th African Islamic Finance Summit; March 23-25, 2022; Brikama, The Gambia

This event is structured as a one-day summit followed by a two-day workshop. Topics include Islamic Banking, Finance, Fintech (Financial Technology) and Financial Inclusion; Development of Islamic Microfinance in West Africa; Takaful (Islamic Insurance), Sukuk and Islamic Capital Markets; and Investment Opportunities in Africa. The summit includes an award ceremony to

by Sophie Fiala -

MICROCAPITAL BRIEF: BankIslami, TPL Life Offering Shariah-compliant Hospitalization, Funeral Coverage for COVID-19 in Pakistan

BankIslami, an institution offering Shariah-compliant financial services in Pakistan, recently partnered with TPL Life, a digital insurance technology firm controlled by Pakistan’s Habib Bank Limited (HBL), to offer coverage for people in case they become ill with COVID-19. The package pays up to: (1) PKR 30,000 (USD 195) upon diagnosis; (2) additional funding of an unspecified amount should the patient be hospitalized; and (3) funeral expenses up to

by Matthew ONeill -

MICROFINANCE EVENT: Akhuwat, AlHuda Center of Islamic Banking and Economics Hosting 7th Global Islamic Microfinance Forum; November 24-25, 2017; Istanbul, Turkey

Event Name: Seventh Global Islamic Microfinance Forum: “Evidence of Impact – Financial Inclusion”

Event Dates: Conference: November 24 – November 25, 2017; Post-conference workshop: November 27 – November 28, 2017

Event Location: Istanbul Lütfi K?rdar International Convention and Exhibition Center; Istanbul, Turkey

Summary of Event: The primary objective of this event is to “create awareness of Islamic microfinance for the benefit of humankind.” Islamic microfinance consists of services conducted according to Shariah law, which includes a prohibition on charging interest in favor of concepts such as the sharing of profit and loss. The event will feature approximately 40 speakers from 30 countries covering topics including: the potential of Islamic microfinance; funding challenges faced by Islamic microfinance institutions (MFIs); the “Qarz-e-Hasan” model of Islamic microfinance; and “Micro Takaful, Waqf and Zakat – Supportive elements for Islamic microfinance.” AlHuda will also host a two day post-conference workshop called “Islamic Agriculture and Rural Finance.”

by Meredith Steih -

MICROFINANCE EVENT: Munich Re Foundation, FMSAR, Microinsurance Network to Host 11th International Microinsurance Conference, November 3-5, 2015, Casablanca, Morocco

Event Name: 11th International Microinsurance Conference 2015: Driving Growth and Sustainability – A Business Case for Microinsurance

Event Date: November 3-5, 2015

Event Location: Hyatt Regency Hotel, Casablanca, Morocco

by Kristha Abores -

MICROCAPITAL BRIEF: Central Bank of Nigeria (CBN) Governor Mallam Sanusi Lamido Calls Islamic Finance “Dynamic and Competitive”

In a recent seminar aimed at promoting awareness of Islamic banking models, Central Bank of Nigeria (CBN) Governor Mallam Sanusi Lamido reportedly predicted that non-interest banking will make a major impact on the Nigerian economy.

by Rohan Trivedi -

MICROFINANCE EVENT: Global Insurance Conference 2011, Sponsored by World Bank and International Finance Corporation (IFC), June 1 – June 2, 2011, Washington, DC, USA – Registration Closes May 25, 2011

Event Name: Global Insurance Conference

Event Date: June 1, 2011 to June 2, 2011

Event Location: Preston Auditorium, World Bank Headquarters, Washington, DC, USA