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Challenges for Retail Islamic Finance (INVITATION ONLY)
May 22, 2018 @ 11:30 am - 1:00 pmFree
AS THIS EVENT IS INVITATION ONLY YOU ARE WELCOME TO REGISTER YOUR INTEREST
Raising consumer awareness and understanding of Islamic finance – challenges and actions required
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.