The Role of Islamic Financial Inclusion in Achieving Sustained Economic Growth and Poverty Alleviation in IsDB
ORGANIZERS: Islamic Research and Training Institute (IRTI) , a Member of the Islamic Development Bank (IsDBG)
in Collaboration with
Ibn Sina University, Khartoum, Sudan
DATES: 25-26 November, 2018
VENUE: Ibn Sina University, Khartoum, Sudan
CALL FOR PAPERS
The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group and Ibn Sina University, Sudan will jointly organize a thematic workshop entitled “The Role of Islamic Financial Inclusion in Achieving Sustained Economic Growth and Poverty Alleviation”, to be held from 25-26 November 2018 in Khartoum, Sudan.
Islamic financial inclusion represents one of the important drivers of economic growth. Access to finance is one of the most formidable challenges confronting micro-entrepreneurs and the poor in IsDB member countries. Given the high poverty among low-income groups and the unavailability of collateralization mechanism, lending to these groups is normally associated with greater risk. Considering these challenges,the IsDBG initiated and successfully implemented programs promoting Islamic microfinance in the member countries such as Sudan, Yemen and Bangladesh. This workshop is aimed to help in developing tools that may used by IsDBG to support the promotion Islamic financial inclusion through innovative research, workshops and awareness seminars in the member countries.
Financial inclusion is an important element in the Sustainable Development Goals (SDGs). Large segments of populations in the developing world lack access to finance. According to Global Find ex Data (World Bank, 2011), 47 per cent of women and 55 per cent of men worldwide have an account at a formal financial institution—whether this is a bank, credit union, cooperative, post office or microfinance institution.The recent Global Find ex Report 2017 shows that the gender gap still varies widely across economies and regions. Globally, 72 percent of men and 65 percent of women have an account, a gender gap of 7 percentage points. Among the regions, South Asia and the Middle East and North Africa have the largest gender gaps, with women about 40 per cent less likely than men to have a formal bank account,according to the first index published in 2011. This gap has now improved slightly to 30%, as reported in the 2017 Global Find ex report. In view of this, development partners have been working to find solutions for enhanced financial inclusion.
This workshop aims at bringing together experts in Islamic banking, regulation, and financial economics to take stock of current academic research and make policy recommendations on how Islamic financial inclusion could support achieving sustained economic growth and poverty alleviation in IsDB member countries.
Extended abstract of maximum 250 words are invited to cover specifically the following Islamic financial topics:
· Islamic financial inclusion for women empowerment .
· Islamic financial inclusion for youth development .
· Islamic financial inclusion for sustainable economic growth .
· Islamic financial inclusion for poverty alleviation .
· Impact of digital services Islamic financial inclusion .
· Islamic financial inclusion for agriculture development .
Submission of Abstract: 30/08/2018
Submission of Paper: 15/10/2018
Final Decision on Paper: 25/10/2018
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This round table discussion is intended as a meeting of minds among thinkers, scholars and practitioners (maximum 15 persons). The papers presented at the discussion will be reviewed for consideration to be published in a book by an international publisher or by IRTI.
Dr. Abd Elrhman Saaid
Islamic Economics and Finance Research Division, IRTI/IsDBG
E-mail : email@example.comTel : +966 2 646 6328
Dr. Mohamed Hassan Azrag
Faculty of Administrative Sciences
Ibn Sina University, Khartoum, Sudan
E-mail : firstname.lastname@example.orgTel. +249 155885511
Dr.Khalifa Mohammed Ali
Islamic Economics and Finance Research Division, IRTI/IDBG
E-mail : email@example.comTel : +966 2 646 6226