APPG on Islamic Finance Meeting Invitation – Challenges for Retail Islamic Finance
|DATE||Tuesday 22nd May 2018|
|TIMINGS / VENUE||11.30am – 13.30pm, Archbishops’ Room, Millbank House, 1 Millbank, Westminster, London, SW1P 3JU|
|TOPIC||Raising consumer awareness and understanding of Islamic finance – challenges and actions required|
|REGISTRATION||This event is by invitation only.
Should you wish to register your interest please email APPGIF Secretariat email@example.com.
At the inaugural APPGIF stakeholders meeting Education and awareness emerged as a potential priority area with specific concerns raised about people, especially young people, needing to be informed of the possibilities of retail Islamic finance, and in some cases of its existence. However, at the recent UKIFC / ISRA thematic workshop it was clear that there is a sharp difference in views between the Islamic banks, that believe that all is needed is to better promote and explain their products, and those who believe that the community understands the products perfectly well but do not believe that they are Shari’ah compliant, even if there is a fatwa.
The APPGIF is inviting representatives from Islamic financial institutions, marketing experts and community representatives to discuss the challenges Islamic finance is facing at the retail level and to consider actions required to address this.