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What did the webinar conclude about the role of innovation in Islamic finance?
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Innovation and collaborative efforts are deemed essential for advancing Islamic finance to effectively achieve SDGs.
What financial gap does Dr. Habib Ahmed identify concerning sustainable development goals?
There is a $2.5 trillion per year funding gap for sustainable development goals, necessitating contributions from public, private, and nonprofit sectors.
What are some key economic challenges faced by OIC countries mentioned in the webinar?
High electricity rates, lack of good healthcare, high unemployment, spread of poverty, and low food production.
What role does blockchain play in social finance according to Mr. Hamid Rasheed's presentation?
Blockchain enhances transparency, automation, and fund management in social finance, exemplified by specific projects like auto rickshaws and corporate work.
Explain the historical context and challenges associated with Islamic Endowments (Wakfun).
Islamic Endowments have historical significance but face challenges in productivity and governance which can be addressed by innovation and technological improvements.
Who is Dr. Hamid Habib Ahmed and what is his role in Islamic finance?
Dr. Hamid Habib Ahmed is a professor and treasurer in Islamic Law and Finance at a Business School with over 100 publications. He consults for international organizations.
What challenges does Dr. Atef Shabrawi see facing social enterprises?
Balancing financial sustainability with impact, evolving historical perspectives, and adapting business models to current social needs.
Who is Mr. Hamid Rasheed and what is his contribution to Islamic finance?
Mr. Hamid Rasheed is the founder of Finterra, a blockchain platform for Islamic social finance, with extensive experience in technology consulting.
How does Dr. Muhammad Ali Shati's work at the Islamic Development Bank contribute to SDGs?
Through the Awaqf Property Investment Fund, supporting developments that align with SDGs in both member and non-member countries.
Discuss the importance of creativity and innovation in Islamic finance as emphasized by Dr. Sheikha Khadar Amur Idrisi.
Creativity and innovation are crucial for designing sustainable and impactful work in Islamic finance, focusing on qualitative advancements over quantitative.
In what ways are SDGs and Islamic finance linked as discussed in the Q&A session?
Islamic finance supports SDGs through the ethical allocation of capital, Sharia-compliant investments like sukuk, and innovative financial solutions.
How does Dr. Atef Shabrawi define a purpose-driven business model?
A purpose-driven business model focuses on financial sustainability while prioritizing impact, distinguishing it from traditional profit-oriented business models.
What is the focus of Dr. Sheikha Khadar Amur Idrisi's consultancy work?
Her consultancy focuses on banking, microfinance, fintech, and ensuring Sharia compliance in various financial services.
What are the main sustainable development goals (SDGs) prioritized by OIC countries as discussed in the webinar?
No poverty, zero hunger, good health, quality education, decent work, innovation, and infrastructure.
What is the Awaqf Properties Investment Fund and its significance?
Established in 2001, it's a fund aimed at financing the development of idle Awaqf properties, contributing to projects in member and non-member countries with impacts on SDGs.
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