Courses and seminars
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Islamic finance in Arab transition processes
October 16, 2015From 9:30 a.m. to 5:30 p.m.
MADRID
Casa Árabe headquarters (at Calle Alcalá, 62).
From 9:30 a.m. to 5:30 p.m.
You must register in advance.
Sign up by sending an e-mail messages to confirmaciones@casaarabe.es
In English
The period for registering in this international seminar on finance
reform and financing alternatives in North Africa is now open.
Casa Árabe is organizing an international seminar on Financial Islamic Institutions in Arab Transitions: Possible Avenues for Financial Development.
Financial sectors in North Africa suffer from a series of structural problems which limit their role as financial resource providers, and therefore their ability to help their economies grow and develop. The low development of their capital markets and limited access to credit restricts development of the private sector, especially small and medium-sized companies and family-run businesses. The transition processes and reforms begun in 2011 have opened up new horizons for economic and financial reforms aimed in this direction. With political parties whose economic agendas prioritize the creation of jobs and social justice reaching power, as well as the promotion of Islamic finance, some attempts at reform have been made in the financial sector, with the introduction of new regulatory frameworks, as well as new role-players in the banking system, though these changes have also encountered many obstacles in different fields.
The objective of this seminar, which lasts one day, is to bring together a select group of researchers and specialists on this topic to analyze the prospects for financial reform created within the new contexts of transition and political transformation that have begun in the countries of North Africa, as well as the possibilities created for the development of Islamic finance and new financing alternatives in the region. It will discuss whether these financial reforms might question current political and economic structures, stimulate process that expand credit and involve new role-players at the local, regional and international levels in the upcoming years. The end goal is to publish an edited volume on this subject.
The seminar includes a session that deals with the situation of Islamic finance in North Africa, another on its implications for the region’s economic development, plus a third on alternative financing institutions that will discuss adaptation of the “waqf,” or traditional Islamic charity institutions, to the needs of these societies in transformation, as well as other alternatives that are arising, such as crowdfunding and Islamic micro-credits, while also questioning the use or non-use in certain contexts of “Islamic” as a brand or trademark. Throughout the afternoon, there will also be sessions on cases by country, including Morocco, Tunisia, Egypt and Lebanon, to analyze the changes in Islamic finance in them, as well as their relationship with the economic, social and political changes that are now taking place.
The seminar was organized by Casa Árabe, with the cooperation of two research centers of France’s CNRS -CRESPPA (Centre de Recherches Sociologiques et Politiques de Paris) and TELEMME-MMSH (Temps, Espaces, Langages, Europe Méridionale – Méditerranée de la Maison méditerranéenne des sciences de l’homme)-, as well as Durham University.
Seminar program
Financial sectors in North Africa suffer from a series of structural problems which limit their role as financial resource providers, and therefore their ability to help their economies grow and develop. The low development of their capital markets and limited access to credit restricts development of the private sector, especially small and medium-sized companies and family-run businesses. The transition processes and reforms begun in 2011 have opened up new horizons for economic and financial reforms aimed in this direction. With political parties whose economic agendas prioritize the creation of jobs and social justice reaching power, as well as the promotion of Islamic finance, some attempts at reform have been made in the financial sector, with the introduction of new regulatory frameworks, as well as new role-players in the banking system, though these changes have also encountered many obstacles in different fields.
The objective of this seminar, which lasts one day, is to bring together a select group of researchers and specialists on this topic to analyze the prospects for financial reform created within the new contexts of transition and political transformation that have begun in the countries of North Africa, as well as the possibilities created for the development of Islamic finance and new financing alternatives in the region. It will discuss whether these financial reforms might question current political and economic structures, stimulate process that expand credit and involve new role-players at the local, regional and international levels in the upcoming years. The end goal is to publish an edited volume on this subject.
The seminar includes a session that deals with the situation of Islamic finance in North Africa, another on its implications for the region’s economic development, plus a third on alternative financing institutions that will discuss adaptation of the “waqf,” or traditional Islamic charity institutions, to the needs of these societies in transformation, as well as other alternatives that are arising, such as crowdfunding and Islamic micro-credits, while also questioning the use or non-use in certain contexts of “Islamic” as a brand or trademark. Throughout the afternoon, there will also be sessions on cases by country, including Morocco, Tunisia, Egypt and Lebanon, to analyze the changes in Islamic finance in them, as well as their relationship with the economic, social and political changes that are now taking place.
The seminar was organized by Casa Árabe, with the cooperation of two research centers of France’s CNRS -CRESPPA (Centre de Recherches Sociologiques et Politiques de Paris) and TELEMME-MMSH (Temps, Espaces, Langages, Europe Méridionale – Méditerranée de la Maison méditerranéenne des sciences de l’homme)-, as well as Durham University.
Seminar program
Fuente: The Banker, Ernest & Young, 22/11/11