PROGRAM FOR FIRST INTERNATIONAL CONFERENCE ON

INCLUSIVE ISLAMIC FINANCIAL SECTOR DEVELOPMENT: 
ENHANCING ISLAMIC FINANCIAL SERVICES FOR
MICRO AND MEDIUM SIZED ENTERPRISES (MMEs)

 

Jointly Organized by

Islamic Research and Training Institute
 Islamic Development Bank  and

Centre for Islamic Banking Finance and Management
Universiti Brunei Darussalam

 

APRIL 17, 2007

Registration

8:00

§         Arrival of Guests

8:30

§         Arrival of Guest of Honour

§         Yang Berhormat Pehin Orang Kaya Laila Setia Dato Setia Seri Setia Haji awing Abdul Rahman Bin Haji Ibrahim, Second Minister of Finance, Brunei Darussalam

 

9.00

Inauguration of the Conference

Recitation of Quran

9:05

§                Welcoming Address

§                Opening Remarks

§                Inaugural Address

§                Keynote Address

§                Presentation of Gifts

§                Doa Selamat

 

 

9.20 – 11.00

 

Session 1: Macro-Perspectives in Financing of MMEs

1.      Finance Plus: A Model for the Activation of Micro and Medium Finance
Hatem El Karanshawy

2.      Microfinance, Poverty Alleviation and Economic Development: Theory and Practice
Abul Hasan M. Sadeq

3.      Lifting Barriers in Financing the Small and Poor Entrepreneurs: Lessons from Group-Based Lending Scheme and Ibn Khaldun’s Social Solidarity: Asyraf Wajdi Dusuki

4.      A Standard of Corporate Social Responsibility for Islamic Financial Institutions: A Preliminary Study: Sayd Farook

 

 

 

 

11.00-12.30

Lunch Break and Salah

12.30-14.00

Session 2: Contracts and Products for MME Finance

  1. Financing Micro and Medium Sized Enterprises through Decreasing Partnership (Musharakah Mutanaqisah): Refining Shari’ah and Banking Aspects for Enhanced Applicability: Muhammad Abdurrahman Sadique
  2. Agency Problems in Mudharabah Financing: The Case of Sharia (Rural) Banks, Indonesia: Muhammad Akhyar Adnan and Muhamad
  3. Islamic Micro-Finance Practice with a Particular Reference to Financing Entrepreneurs through Equity Participation Contracts in Sudanese Banks: Gaffar Abdalla Ahmed
  4. The Role of Kafalah in Improving of the Safety of Micro and Medium Sized Enterprises Financing: Muhammad Gunawan Yasni and Endang Sri Winarni

 

 

 

14.00-15.30

Break

15.30-16.00

Session 3: Contracts and Products for MME Finance

9.      Evaluation of the Practice of Murabahah Mode of Financing as an Islamic Instrument and Contract for Micro and Medium Sized Enterprises in the Operations of Baitul Mal Wattamwil (BMT), Yogyakarta, Indonesia: Nur Kholis

  1. Application of Islamic Banking Instrument (Bai Salam) for Agriculture Financing in Pakistan: Ahmad Kaleem
  2. A Comparative Study of the Relative Efficiency of Conventional and Islamic Pawnshop: Abdul Ghafar b Ismail, Widiyanto b Mislan Cokro and Selamah Maamor
  3. Utilizing Mushārakah Mutanāqisah Partnership for Micro and Medium Enterprises: Edib Smolo

 

 

 

16.00-17.30

APRIL 18, 2007

Session 1: Zakah, Awqaf and MME Finance

  1. Developing a Computer Simulation Based Approach to Simulate Potency of Islamic Voluntary Sector to Alleviate the Poverty in Indonesia Using System Dynamics Methodology: Dian Masyita

14.  A Tax Engineering Pertaining to Zakah and Waqf For Poverty Alleviation and Micro-Financing in South Africa: Faizal Ahmad Manjoo

15.  Cash Waqf for Venture Capital Finance: Opportunity for Cooperatives in Indonesia: Weni Hawariyuni and Ronald Rulindo

16.  Factors Affecting the Use of Cash Waqf as Source of Financing for MMEs (Medium and Micro Enterprises): An Analysis Based on Nominal Group Technique: Irfan Syauqi Beik, Laily Dwi Arsyianti and Hilman Hakiem

 

 

 

 

9.00 – 10.30

 

Break

10-30-11.00

Session 2: Experience in Muslim Countries

  1. Micro Enterprises and Micro-Finance Institutions: The Iranian Experience with SGG Funds: Hossein Pirasteh and Amir Hortamani

18.  An Islamic Approach to MME Finance in Brunei: Role of Government, Banks and People: Hajah Salma Latiff

19.  The Role of PDS in the Development of Women Entrepreneurship under Islamic Micro Finance: A Case Study of Bangladesh: Mahmood Ahmed

  1. Islamic Financing and the Saudi Entrepreneur: Readings from the Field: Rasem Kayed

 

 

 

11.00-12.30

 

Lunch Break and Salah

12.30-14.00

Session 3: Experience in Muslim Countries

  1. The Accountability of Islamic Microfinance Institution: Evidence from Indonesia: Ersa Tri Wahyuni
  2. Redefining Micro, Small, and Medium Enterprises Classification and the Potency of Baitul Maal Wa Tamwiel as Intermediary Institutions in Indonesia: Ascarya and Yulizar D. Sanrego
  3. The Role of Indonesian Government in Enhancing Islamic Financing for Small and Medium Enterprises (SMEs): Dodik Siswantoro
  4. Alternative Micro-Credit Models in Bangladesh: A Comparative Analysis between Grameen Bank and Social Investment Bank Ltd.: Myths and Realities: M. A. Mannan

 

 

 

 

14.00-15.30

 

Break

15.30-16.00

Session 4:  Managerial Issues and Perspectives

25. Designing Management Strategies to Develop Sustainable Islamic Microfinance Institutions (A Balance Scorecard Approach): Ronald Rulindo

  1. Managing the Risks of Information and Communications Technology for Better Corporate Governance: Early Identification Towards an Enhanced Framework for Micro and Medium Sized Enterprises: Sonny Zulhuda
  2. Building Capacity of MME: Do MMEs Need Spirituality Training? Amy Mardhatillah and Ronald Rulindo

28. The Need to Educate Muslims on Islamic Financial Principles and Practices: A Step Towards Fertilizing MMEs in the Islamic World: Agung Aws Waspodo

 

 

 

16.00-17.30

DINNER AT JERUDONG POLO CLUB

19.45

APRIL 19, 2007

Session 1: Case Studies of Projects – I

29.       Village Funds: A Financial Technology for Reaching Marginal Areas and the Very Poor in Syria: Mahmoud Al Asaad       

30.       Financial Performance Analysis of Islamic Microfinance Institutions: Case Study of BMT Masjid Al Azhar and BMT AlKarim: Raden Rizqi Nurhayati and Ersa Tri Wahyuni

31.        Hazrat Ziynab Project: An Application of Qard Al-Hassan Fund For Poverty Alleviation of Rural Women in Iran: Abbas Arabmazar and Heshmatalah Saadi

32.       A Case Study of Islamic MME Finance: IFS for Poverty Alleviation in Conflict Affected Coconut-Farmer Community of Muslim Mindanao, Southern Philippines: Sandra Isnaji & Ma Theresa Tumbali

 

 

 

9.00 – 10.30

 

Break

10-30-11.00

Session 2: Case Studies of Projects – II

  1. Gharzul-Hasaneh Financing and Institutions in Iran: Kazem Sadr
  2. Islamic Micro and Medium Sized Enterprises (MME) Finance: The Case Study of Australia: Abu Umar Faruq Ahmad And A.B. Rafique Ahmad          
  3. The Role of Zakat in Empowering the Peasantry: A Case Study of the Rumah Zakat Yogyakarta Indonesia: Dani Muhtada
  4. The Social Responsibility of IFIs in Palestine: Ahmad Asad Al-Haj and Radwan Jamal Alatrash

 

 

 

11.00-12.30

 

Lunch Break and Salah

12.30-14.00

Session 3: Takaful, Safety Nets

  1. Takaful for Microfinance: Sabbir Patel

38. Islamic Social Safety Net in the Middle East and North African (MENA) Region: Noor Arfaa and Hossein Askari:

 

14.00-15.30

 

Closing Ceremony

15.30

Arrival of Guest of Honour

Yang Mulia Dato Paduka Awang Haji Hamdillah Bin Haji Abd Wahad, Deputy Minister of Industry and Primary Resources

Recitation of Surah Al-Fatihah

Closing Remarks

Chairman of the Steering Committee

Yang Mulia Dato Paduka Dr Haji ismail Bin Haji Duraman

Vice Chancellor, Universiti Brunei Darussalam

Closing Address by Guest of Honour

Yang Mulia Dato Paduka Awang Haji Hamdillah Bin Haji Abd Wahad, Deputy Minister of Industry and Primary Resources

Presentation of Certificates to Speakers

Doa selamat

Refreshments