THE ARAB MONETARY FUND ORGANIZES A (REMOTE) COURSE ON "ISLAMIC BANKING - MICROFINANCE"
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THE ARAB MONETARY FUND ORGANIZES A (REMOTE) COURSE ON "ISLAMIC BANKING - MICROFINANCE"
THE ARAB MONETARY FUND ORGANIZES A (REMOTE) COURSE ON "ISLAMIC BANKING - MICROFINANCE"
2021-02-07

2021-02-07

Abu Dhabi - United Arab Emirates
The online training course on " Islamic Banking - Microfinance ", organized by the Training and Capacity Building Institute at the Arab Monetary Fund, opened today , during the period
07-11 February 2021.
07-11 February 2021.
Despite the tremendous leap that the global economy has made in recent decades in the areas of financial inclusion and reducing poverty rates, these two issues remain among the priorities and concerns of policy and decision makers, as statistics indicate that what has been achieved within the sustainable development goals in the path of financial inclusion and poverty reduction needs to be mobilized More resources and allocating many efforts at the local and international levels.
In the last four decades, the microfinance sector has achieved remarkable success in a number of developing countries and emerging economies. It has also become an important part in the economic policies of our Arab countries that have adopted microfinance and provided it with the appropriate regulatory environment, which helped to provide various and innovative products that contribute to achieving financial inclusion. Reducing the poverty gap.Microfinance began with a focus on microcredit, but later expanded to include a wide range of financial services such as micro-savings, microinsurance, remittances, retail payments and other financial services. However, there are many challenges that still prevent the expansion of the microfinance sector to include different categories Wider and more geographical areas, including the high degree of risks involved in the sector, regulatory risks, operational risks, and others, which require work to overcome by developing comprehensive national strategies related to microfinance that take into account the peculiarities of our Arab countries, including institutions specialized in microfinance in compliance with Sharia.
On this occasion, in the speech of His Excellency Dr. Abdul Rahman bin Abdullah Al Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund:
Text
Sisters and Brothers
I am pleased to welcome you to the inauguration of a remote training course on “ Islamic banking - microfinance ” organized by the Training and Capacity Building Institute of the Arab Monetary Fund within the framework of the activities of the Regional Initiative to Enhance Financial Inclusion in the Arab Region for 2021, hoping that it will contribute to enriching your information on the theoretical level. And practical in the field of microfinance in general and Islamic microfinance in particular.
Sisters and Brothers
Despite the tremendous leap that the global economy has made in recent decades in the areas of financial inclusion and reducing poverty rates, these two issues remain among the priorities and concerns of policy and decision makers, as statistics indicate that what has been achieved within the sustainable development goals in the path of financial inclusion and poverty reduction needs to be mobilized More resources and allocating many efforts at the local and international levels.
Sisters and Brothers
In the last four decades, the microfinance sector has achieved remarkable success in a number of developing countries and emerging economies. It has also become an important part in the economic policies of our Arab countries that have adopted microfinance and provided it with the appropriate regulatory environment, which helped to provide various and innovative products that contribute to achieving financial inclusion. Reducing the poverty gap.Microfinance began with a focus on microcredit, but later expanded to include a wide range of financial services such as micro-savings, microinsurance, remittances, retail payments and other financial services. However, there are many challenges that still prevent the expansion of the microfinance sector to include different categories Wider and more geographical areas, including the high degree of risks involved in the sector, regulatory risks, operational risks, and others, which require work to overcome by developing comprehensive national strategies related to microfinance that take into account the peculiarities of our Arab countries, including institutions specialized in microfinance in compliance with Sharia.
Sisters and Brothers
Microfinance institutions have continued to grow and prosper and serve hundreds of millions of people around the world, using traditional methods of work, but the Corona pandemic and the signs of the Fourth Industrial Revolution (the technological revolution) have made the need for change necessary, and the microfinance sector must keep pace with these changes. And take advantage of modern financial technologies and developments in the areas of control and supervision of the financial sector to ensure a speedy response in cases of pandemics or crises.
The course aims to enable participants to become acquainted with the most important tools necessary to evaluate the performance of microfinance institutions and to identify the risks and strategies to deal with them, and the session will focus on the following main themes :
- Learn about the nature, types and applications of traditional and Islamic microfinance.
- Financial inclusion concepts and mechanisms for building and implementing national strategies.
- Applying Islamic finance methods in microfinance.
- Regulating and supervising traditional and Islamic microfinance institutions.
- Monitoring and evaluation of Islamic microfinance.
- Risks of Islamic microfinance institutions and their management techniques.
- Case studies and practical applications of Islamic financial technologies and microfinance.
- Study practical experiences on building microfinance programs and managing systemic risks.
In conclusion, we urge all participants to actively participate to achieve the greatest benefit, hoping for a successful course.
Peace, mercy and blessings of God.
claud39- VIP NewsHound
- Posts : 18367
Join date : 2018-11-04
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