ISLAMIC FINANCE AND IMPACT INVESTING TRAINING
ABOUT THE TRAINING
GIFIIP developed the “Islamic Finance and Impact Investing Training Program”, aiming to support Islamic financiers and impact investors build capacity for seizing new investment opportunities in sustainable development area.
The program is structured as a rigorous technical modular seminar explaining key concepts and recent developments in impact investing and Islamic finance, describing how impact investors and Islamic financiers can work together within a win-win framework to achieve the SDGS and showcasing best practices and potential investment opportunities in these fields.
The training was delivered in Pakistan, Indonesia, Morocco and Turkey and will be conducted in other OIC member countries.
KEY RESULT AREAS & ANTICIPATED OUTCOMES
IDENTIFY SHARIAH COMPLIANT IMPACT INVESTING ACTIVITIES
APPLY ISLAMIC FINANCIAL INSTRUMENTS FOR IMPACT INVESTING ACTIVITIES
SCREEN SHARIAH COMPLIANT DEALS AND MANAGE PIPELINE
MITIGATE POTENTIAL RISKS
MEASURE IMPACT
COUNTRY EXPERIENCE
The program was initially run in Islamabad, Pakistan, in August 2018 with 40 participants including representatives of the Central Bank, Islamic banks, Takaful operators and asset management companies of Pakistan, as well as Shariah scholars, investment fund managers, regulators and academics. The Training was successfully delivered in partnership with the IsDB’s Islamic Research and Training Institute (IsDBI).
The second training was conducted in Jakarta, Indonesia, in July 2019 with 65 attendees from a wide range of actors operating in the public sector, including the Central Bank, Ministry of Finance and Financial Services Authority, as well as key stakeholders from private sector, such as Ernst and Young, Angel Investment Network Indonesia and Kapital Boost. The Training was conducted in partnership with the UNDP Country Office in Indonesia. The Indonesian government further requested a training of trainers to disseminate the program in the country.
The third training program took place in Casablanca, Morocco, in February 2020. The panels were well attended by 100 participants while the master classes included a focus group of 30 attendees from development banks, private equity firms, venture capital firms, fintech companies, development organizations and government bodies. The training was conducted in partnership with Islamic Development Bank’s (IsDB) Islamic Corporation for the Development of the Private Sector (ICD) and its affiliate Al Akhdar Bank.
The fourth training program “Impact Investing and Participative Finance” was conducted online in Turkey in collaboration with Turkish Participation Banks Association. The seminar was well-attended by participants from participation banks, development organizations, regulatory and governmental bodies from Turkey.
DELIVERED OVER FIVE MODULES
MODULE 1 – Impact Investing: The Role of Financiers and Investors in Development
MODULE 2 – Islamic Financial Instruments and Contracts for Impact Investing
MODULE 3 – Mobilizing Islamic Finance for Impact Investing: Managing the Pipeline
MODULE 4 – Risks and Opportunities
MODULE 5 – Impact Measurement and Management