islamic finance & sustainable development: towards a … · islamic finance & sustainable...

Islamic finance & sustainable development: Towards a new value creation ecosystem, Agadir, Morocco

Monday, 4th of December, 2017

Registration 08.00-09.00

Recitation of Verses from the Holy Qur’an

Welcoming and OpeningRemarks:

Mr. Omar HALLI(President of Ibn Zohr University)

Mr. Abdelaziz BENDOU (Director of ENCG- Ibn Zohr University, Agadir) Mr. Brahim HAFIDI(President of the Souss Massa Region )

Mr. Salah EL MALOUKI(President of the Urban Commune of Agadir)

Mr. Mohamed JAMIL Mobarak(President of Council of Ulemas, Agadir-Ida-Ou) Mr. MohammadAL-SUHAIBANI (International Center of Islamic Economy) Mr. MEHMET BULUT (President of Istanbul SabahattinZaim University)

Mr. Ashraf MuhammadHashim(CEO ISRA Consultancy)

Ms. Roshayani Arshad(Deputy Director, ARI, University Technology Mara)

Mr. Ahmed CHAKIR (President of Organizing committee, ENCG of Agadir)

Signature of partnership and cooperation agreement between:

Ibn Zohr Universityand IstanbulSabahattinZaim University Ibn Zohr University and International Shari’ah Research Academy for Islamic Finance (ISRA) Ibn Zohr University and ARI, University Technology Mara (ARI)

09:00-09:45

PLENARY SESSION 1 (Arabic)

SOCIAL ISLAMIC FINANCE AND SUSTAINABLE DEVELOPMENT: THE PRESENT AND THE FUTURE

Moderator: Mr. Monsef BENTAIBI, accountant Expert, Consultant in Finance & Islamique Microfinance, Rabat.

- New methods of social Islamic investment for development; Dr. Omar EL KETTANI, Islamic Economy Expert, Mohamed V University,

Morocco.

- Islamic Capital Market and Islamic Social Finance: Fundamentals and

Practices; Dr. Said BOUHERAOUA Director Research Affairs ISRA, Malaysia.

09:45-11:00

Tea Break & Networking 11:00-11:20

The 5th International Conference of Entrepreneurial Finance CIFEMA 2017 Agadir, Morocco Page 1

Islamic finance & sustainable development: Towards a new value creation ecosystem

PLENARY SESSION 2 (English & Arabic):

WAQF PRACTICESIN ISLAMIC FINANCE AND SUSTAINABLE DEVELOPMENT

Moderator: Mr. Mohammad AL-SUHAIBANI, Al-'Imam University, Riyad

- The Importance of the Cash Waqfs in the Ottoman Empire during the

Establishment of Modern Capitalism;

Dr. MEHMET BULUT- Istanbul SabahattinZaim University.

─ Temporary Cash Waqf Sukuk for Development Projects;

Dr. Ashraf Muhammad Hashim- (CEO ISRA Consultancy)

─ Economic and social role of Waqfs;

Dr. Walid Ben Abdelouahed ENNOUH- Tamteen Center for Studies and

Research, Saudi Arabia (KSA).

11:20-13:15

Lunch &Dhuhr Prayer 13:30-15:00

Parallel oral Sessions 1th, 2th & 3th (English, French, Arabic) 15:00-16:30


Poster Sessions A,B & C (Arabic, Arabic, Arabic)

Parallel Oral Sessions 4th, 5th & 6th (English, Arabic, Arabic) 17: 00-18:30



Day 2: Tuesday, 5th of December, 2017

PLENARY SESSION 3 (English & French)

FINTECH AND SUSTAINABLE DEVELOPMENT

Moderator : Mr. Said Bouheraoua, Director Research Affairs, ISRA

- Blockchain Technology - Arsenal for a Shari’ah-Compliant Financial

Ecosystem?

Dr. Richard-Marc Lacasse - UQAR Canada, Dr Berthe Lambert - UQAR Canada,

Nida Khan- ‎ Université du Luxembourg.

- An insider talk about Crowdfunding and Social Entrepreneurship in Islamic

economy;

Mr. AbdarRahmanChignell, CEO of Waqf World Growth Foundation, Malaysia.

- Sustainable development through the exploitation of intellectual property

rights;

Dr. FakihahAzahari, MCIArb, Advocate & Solicitor, High Court Malaysia.

- Digital transformation of islamic banks in Morocco;

Mr.Rashid Hamdaoui.CEO Islamic Financial Times.

08:30-10:15


Poster Sessions D, E & F (Arabic, Arabic, French) 10:30-11:00

PLENARY SESSION 4 (English)

ETHICAL VALUES AND SUSTAINABLE DEVELOPMENT

Moderator : Mr. Ashraf Muhammad Hashim (CEO ISRA Consultancy);

- Does Religiosity Influence Firm Uncertainty? A Global Analysis;

Dr. Norhidayah Abu Bakar, Dr. OmneyaAbdelsalam, Durham University, UK.

- Value-Based Intermediation for Islamic Banking Institutions directed

towards Sustainable Development Goals;

Dr. Roshayani Arshad, Dr. Ruhaini Muda, Dr. RosliJusoh, Dr. IdoraBaharudin.

UniversitiTeknologi MARA – UiTM, Malaysia.

11:00-12:30 The 5th International Conference of Entrepreneurial Finance CIFEMA 2017 Agadir, Morocco Page 3


The 5th International Conference of Entrepreneurial Finance CIFEMA 2017 Agadir, Morocco

- Embedding social and ethical issues into business model of new Islamic

banks: Now or later?

Dr. Mohamed Wail Aaminou- Al Maali Consulting Group.

- Achieving sustainable development goals and Private Equity Fund

practices;

Dr. Oxana Wieland. University of Minnesota Crookston, USA.

Lunch &Dhuhr Prayer 12: 30-14:00

Parallel Oral Sessions 7th, 8th, 9th &10th (Arabic, English, Arabic, Arabic) 14:00-15:30

Break & Asr Prayer 15: 30-15:45

Parallel Oral Sessions 11th, 12th & 13th (Arabic, Arabic, Arabic) 15:45-17:15

Closing session of the CIFEMA’2017 17:15-18:00




Sessions 1-3th Monday, 4th of December, 2017, 15.00-16.30

ROOM NAME : IBN BATTUTA (English) ROOM NAME : IBN KHALDOUN (French) ROOM NAME :ALKHAWRIZMI(Arabic)

Session 1 :Role of Islamic Finance in financial prosperity and stability Chair : Prof. Aziz SAIR

Session 2 :Islamic Finance, Social responsibility and Sustainable Development Chair : Prof. Said MSSASSI

Session 3 :Sukuk and Sustainable development Chair : Prof. Abdelhak HAMICHE

1. Reverse-Mudarabah Company;

Yusuf Dinç,

2. What drive bank performance overtime? A dynamic

panel analysis between Islamic banks Vs. Conventional

banks;

Luc MatabaroBorazima,CedrixDjeutcheuNgandop

3. Herding behavior in Islamic GCC stock market: A daily

analysis;

ImedMedhioub, Mustapha Chaffai

4. Asset Management Proposed model towards Sustainable

Development;

Mahmoud Abdul-Hakim Zoair,

5. Do Islamic Stocks perform better than their conventional

counterparts? Comprehensive Evidence based on Multi-

criteria decision making methods;

Selim Baha Yildiz, Humayun Kabir Sarkar,Abdelbari El

Khamlichi, Hafiz Hoque

1. Towards a crossover between Islamic and social equity indices:

the case of « Dow Jones Islamic Market Sustainability Index »

Abdelbari El Khamlichi

2. Islamic microfinance: What potential of development in

Morocco?

Imane Bari, WafaaTani

3. Sukuk and conventional bonds: study of volatilities and causal

links ;

BrahimRoukiane, Abdenabi El Marzouki

4. Sukuk VS Conventional Bonds: What Performance Interaction

on the Capital Market ;

Alaoui El MraniDriss, El Mezouari Saïd

5. Socially responsible investment and financial performance:

Integration of extra-financial criteria;

HanaaTaji, RadiBouchra

6. Opportunity to issue alternative "Green Bonds" in Morocco: the

case of "green Sukuks";

AbderrazzakElmeziane

1. Islamic Financial Securities as an alternative to the Bond

loan in financing sustainable development in Algeria at the

horizon 2030;

Bellal Boudjemaa, Bouazza Abdelkader

2. Green Islamic Sukuk: a Formula for an Environmentally

Sustainable World;

Mezahdia Rafik, BelaidiAbdellah

3. Sustainable and responsible investment through Sukuk:

Malaysian model;

Mohammad El-Cherif El Amri

4. Green Islamic Sukuk as a tool for combining legitimate

investment with socially responsible investment in order to

reach sustainable development;

Hakimi Bouhafes, Noureddine Bouchlaghem



mailto:[email protected]


Sessions 4-6th Monday, 4th of December, 2017, 16.45-18.30

ROOM NAME : IBN BATTUTA (English)

ROOM NAME : IBN KHALDOUN (Arabic)

ROOM NAME :ALKHAWARIZMI (Arabic)

Session 4 : Contribution of Islamic finance in achieving sustainable development goals Chair : Prof. Dr. Abdelmajid HMAITTANE

Session5 :Governance, social and environmental responsibility of Islamic banks

Chair :Prof. Dr. Youssef Abdullah AL-ZAMIL

Session 6 : Role of Zakah in economic & sustainable development

Chair : Prof. Dr. Mouhamed KHMISSI BENREDJEM

1. Good Governance and strategic management of Zakah Funds

for human and inclusive economic growth: Evidence from

Malaysian and Nigerian context

Ruhaini Muda, Ibrahim Abiodun Oladapo, Roshayani Arshad

2. The role of institutions and service providers in Islamic

Microfinance: Focus on Moroccan case

Adil ZARFI

3. Towards Sustaining Socio-Economic Development: Influence of

Self-Awareness and Perceived Benefits on Innovative Measures

to Improve Waqf Practices

FaizahDarus, HaslindaYusoff, AfafIzzatiNafhahRadzi, ShafawatiFarhana MohdSafihie

4. The impact of lender and borrower corporate social

responsibility on the cost of bank loans?

AbdelmajidHmaittane, Mohamed Mnasri

5. Inherent Risks to Islamic Microfinance: Reflection on Possible

Management Pathways

Kafou Ali, Ahmed Chakir

1. The application of social responsibility in Islamic banks - A study of Al

Baraka Bank Algeria- agency of Skikda-;

Nouredine Bouanane, Sabri Mekimah

2. The Social Responsibility of Islamic Banks through Shariah

Governance. Kuwait Finance House as a model;

Djoumana Tehirichi

3. Achieving social responsibility through corporate governance of

Islamic banking institutions: a beneficial mechanism for sustainable

development strategy;

Moussa SAADAOUI, Mohamed MELOUAH

4. Contribution of socially responsible investment funds into sustainable

development;

Fatma ZohraRegaiguia

5. Social Responsibility of Islamic Banks

as an input of contribution into sustainable development’s

establishment: the situation of Algeria;

Abdelkader KHELIL

1. Zakat and economic development;

Abdellah Omar, Adouka Lakhdar, Aiboud Kada, Zohra Bouguelli

2. Investment Zakat funds: controls and objectives;

Ahmed El Ahmadi

3. Investment of orphan's money, From the principle of ensuring

orphans to contribution into financing sustainable economic

development.- Foundation for the Development of Orphans Funds:

Jordanian model ;

Miloud Mehdi

4. Elements of the environment between pollution and protection

according to the Islamic approach

Souheila Bara, DhaberMehd, Linda Ferkha

5. Contribution of Zakat in financial inclusion;

Bassim Munir Alioua

6. Role of Zakat in economic development;

Belal Rahalia, Faraj Chaaban, Abidi M. Essaid




Sessions 7-10th Tuesday, 5th of December, 2017, 14:00-15:30

ROOM NAME : IBN BATTUTA (Arabic)

ROOM NAME : IBN KHALDOUN (English)

ROOM NAME :ALKHAWARIZMI (Arabic)

ROOM NAME :ELMOKHTAR SOUSSI (Arabic)

Session 7 : Islamic finance methods for inclusion and fighting poverty

Chair :Prof. Hassan BELLEHI

Session8 :Sukuk & Waqf: an Islamic solution for enhancing societies sustainability

Chair : Prof. Hassan SKOURI

Session9 : Economic determinants in Islamic finance and sustainable development

Chair : Prof. Abderrazzak ELMEZIANE

Session 10 : Islamic Finance and Sustainable Development from a juristic and Shari'a’s perspective

Chair : Prof. Tariq ELFATIMI

1. The financial capacities of Zakat and its role in

funding social insurance costs and combating

poverty;

Menasra Azouz

2. The role of zakat funds in the fight against poverty

and in financing micro-enterprises: the experience

of the Algerian Zakat Fund";

Brahim Yama

3. The treatment of poverty between the mechanisms

of the United Nations and the Islamic solution Zakat

and Waqf model;

Noureddine Chetouh

4. The role of Zakat in financial integration,

combating poverty and achieving sustainable

development;

Abd El HakimSaidj, Mohamed Boucetta

5. Ore Zakat: an alternative solution for development

and fighting poverty;

Abdelmalik Belaachi, Mouhamed KhmissiBenredjem,

Fatmazohratalhi

1. Sukuk-Waqf: An Islamic Solution For Public

Finance Deficits

Lahsen Oubdi, Abdessamad Raghibi

2. Exploring the Legitimacy Identity of Sukuk via

communication in Shariah Pronouncements;

Essia RiesAhmed, Fatima El Morabit, Md. Aminul

Islam;

3. Financing Water Infrastructure: Waqf as a

Solution

Kulsanofer Syed Thajudeen

4. Determinants of attitude and intention: towards

an Islamic financing among SMEs in Morocco;

Mustapha Ziky, Raja Daouah

5. Financial Inclusion and Household

Consumption in Nigeria;

Ousmane Seck, Ismaeel Ibrahim Naiya, Aliyu Dahiru

Muhammad

1. Islamic finance and its role in achieving sustainable

development: considering Environmental and

Economic Security.

Ahmed El Idrissi

2. The role of Islamic finance in financial stability;

Saadia Hamou, Labi Moustapha

3. Economic feasibility study between theoretical

process and applied image in Islamic investment

contracts;

Abdessamad Belhadji

4. Economic security and Islamic finance: Malaysia as

a model

Touria Belcayd

5. Determinants of Financial Stability: Managing

Financial Crises Approach in the Islamic Economy;

Abdenacer BERANI

1. The effect of Islamic finance in achieving

sustainable development

Abdelhak Hamiche

2. The Legislative Characteristics of “Zakat” and

Sustainable Development;

El Ouardi mohamed

3. Crowdfunding between jurisprudence and

reality;

El Azraq Regragui

4. The general determinants of social

responsibility in the Noble Sunnah;

Zerzar Layachi, Ghid Karima

5. Islamic economic science in spending policy and

sustainable development in holy Quran;

Najee Mustapha Badaoui Solaymane




Sessions 11-13th Tuesday, 5th of December, 2017, 15.45-17.15

ROOM NAME :IBN BATTUTA (Arabic)

ROOM NAME : IBN KHALDOUN (Arabic)

ROOM NAME : ALKHAWARIZMI (Arabic)

Session 11 : Islamic Waqf and Sustainable Development

Chair :Prof. Rachid BOUTTI

Session 12 :Financial Engineering in Islamic Finance and Sustainable Development

Chair :Prof. Lahcen ELMSKINE

Session 13 :The role of Islamic financial products and governance in achieving sustainable development Chair :Prof. Abdeslam AQELMOUN

1. Financial Takaful in Islam: a way to empower the socially and

economically marginalized groups;

Louafi Tayeb, Djeddi Tarek, Ait Yahia Samir

2. Waqf as an Islamic microfinance instrument and its role in

achieving economic and social development: the experiences of

some countries;

Bengaza Hicham, Boutehla Abedennsaser

3. The role of digital transformation in a holistic perception of the

social responsibility of participatory banks;

Moulay Hachem Fadili

4. Role of Waqf funds in sustainable development, Malaysian

experience of waqf fund;

Tbaybia Salima, Saida Bourdima, Hamdi Bacha Oualid, Belal Mourabit

5. Waqf investment through W-Sukuk;

Adil Mahfoudi

1. Islamic financial engineering between the industry of financial

products and achieving sustainable development;

ZerouatiKhayra, RefaiKhaleel Mahmoud

2. The tools of monetary policy in Islamic system and its role in

sustaining development and preventing financial crises;

BenabdelazizSoufyane, Benabdelaziz Samir

3. A Proposed Model for Supporting the Economic Role of Insurance

Sector :The Kingdom of Saudi Arabia as a Model;

Abdullatif Saleh A. Alnaeem

4. Islamic economy and crisis resistance;

Mustafa Nasser Alnaabi

1. The role of Istisnaa financing in achieving sustainable development;

Ahmed Elabadi

2. The role of Islamic micro finance on socioeconomic development in

Algeria, Case study: financing microenterprises through Algerian

Zakat Fund;

Maiza Messaoud Amir, Ouassaa Hamza

3. The Role of Participating Banks in Supporting Environmental

Friendly Development Projects;

Mourad Jafri, Meriem Maansri

4. Governance as an entry point for managing the risks of Islamic

financing formulas within Al Baraka Bank of Algeria;

Benredjem Mouhamed Khmissi, Belaoura Hadjira, Chabani Madjid

5. Towords an effective institutional banking governance in Morocco;

Noureddine Fkihi




Poster Sessions (French and Arabic) Monday, 4th of December, 2017, 16:30-17:00

Session A (Arabic) : Islamic finance and social responsibility

Discussion committee: Dr. Mly Hicham FADILI, Dr Ibrahim BOUZAHIR, Dr Hassan BELLIHI

Session B (Arabic): Islamic Finance and Sustainable Development: International experiences

Discussion committee: Dr. Mustapha ZIKY, DrAbdelmajidHMAITTAN, Dr. Said BOUHRAOUA

Session C (Arabic): The role of Zakat and integrative solidarity in achieving sustainable development

Discussion committee: Dr. Abdelbari EL KHAMLICHI, Dr Monsef BENTAIBI, Dr. Abdeslam AQELMOUN

1. Social Responsibility of Islamic Banks - Presentation and

analysis of experience of Al Baraka Bank –Algeria;

Meziani Noureddine, Balaska Saleh

2. Contribution of social responsibility of Islamic financial

institution in achieving sustainable development;

Mohamed Elkaouak

3. Microfinance and Social Responsibility - The Case of Algeria ;

Hamelat Benachour, Bouhezame Sidehmed

4. Islamic Microfinance as an Alternative Instrument for

financing Social Development in Algeria;

Imane Hamoudi, Messad Gani

5. Islamic microfinance: Towards economic empowerment of the

pours;

Chabouti Hakim, Messah Ouafae

6. The problem of Islamic finance for small enterprises in

Algeria;

Goudhil Mohammed

7. Solving the problem of poverty using Takaful insurance;

Bouchama Mustapha, Houas Mouloud

1. The contribution of the Islamic finance to the promotion of economic

development- Case of Malaysia-;

Megaache Samia, Beldjbel Adel

2. Islamic financing and effectiveness in achieving sustainable

development in Islamic Banks ( a case study of the algérian baraka –

Blida agence - );

Sellam Abderrazak, Khetiri Wahiba

3. Role of islamic banks in economic development in UAE;

Kamal Ben Moussa, KhatiAmaria

4. reality of Islamic banks in the light of financial and banking opening

as known in the international banking scene;

DjaberSothi

5. Contribution of hire-purchase contracts and leasing instruments in

financing local sustainable development in Algeria.

Habiba Amer, SayfeddineBouzaher

6. The role of electronic means of payment in the development of banking

performance in light of sustainable development challenges;

Faiza Bouras, Haroun Lachi

7. The Importance of Islamic Sukuk in Global Financial Markets;

TahanoutKheira

1. Islamicbanking startegic formulas and its role in achieving

sustainable developement: activation of zakat funds as an example.

Ahmed Elsadiki, Abdellah Eltaibi

2. The cost of bank financing and through the financial market for

investment projects - Comparison between traditional and Islamic

approaches;

Gheddar Rafiq

3. Zakat and Waqf as a social necessity and its role in economic

development;

Ounnoughi Nabil

4. The Role of Zakat in Development - Zakat Case Study in Skikda -;

Boulkour Noureddine, Charroun Azeddine

5. Zakat The Tool of the Islamic Economy to Counter Poverty (Case

Study of the Zakat Fund for the State of Tessimslte - Algeria);

Gachi Khaled, Boudissa Ahmed

6. Takaful and mitigating risks facing the most disadvantaged

classes;

Chabani Madjid, Derrar Ayache, Kamiri Hadjila

7. Innovation in financial transactions "Islamic financial system in

Morocco”;

Oumaima Tounchibine, Zakaria Bennani




Poster Sessions (French and Arabic) Tuesday, 5th of December, 2017, 10:30-11:00

Session D: The role of Islamic finance in financing sustainable development projects.

Discussion committee: Dr. Abdelhamid AIT BIHI, Dr. Omar EL KETTANI , Dr. Med BENREDJEM KHMISS

Session E (Arabic): Financial Engineering in Islamic Finance and Sustainable Development

Discussion committee: Dr. Abderrazak EL MEZIANE, Dr Bouchra RADI, Pr. Hassan SKOURI

Session F (French) :Islamic finance and sustainable development

Discussion committee: Dr. Lahcen OUBDI, Dr. Mohamed ELOUARDI, Dr.Abdelhak HAMICHE

1. The intellectual basis for the feasibility study in Islamic banks -

The study of the investment decision under the discounted criteria;

Soltani Mohamed rochdi, Benbrahim Elghali, BENDIFF Mohamed Adnane

2. Istisna Financing as an Option for Islamic Finance in Small and

Medium Enterprises: Evidence from Algeria;

Bendine M’hammed, Mostéfaoui Sofiane

3. Financing of economic development projects through Islamic

financial sukuk : Malaysian experienc ;

Boulfoule Haroun ,Tayeb boulahia

4. The challenges facing Islamic banking in the light of business

climat;

Safih Sadik

5. The Role of Islamic Financial Products in Achieving Sustainable

Development - Islamic Sukuk as a Mode

Ghazazi Imad, Chalabi Naaima

6. Green Islamic instruments and their role in financing sustainable

infrastructure projects - The experiences of some countries with

reference to Algeria -;

Mekimahsabri, Ramdan emene

7. Profitable Islamic Finance in Achieving Sustainable Development

Goals: Mudaraba is a Model;

Ameu rBachir, Soualhi Kheira

1. The problem of developing Islamic financial derivatives as a tool to

activate sustainable development - mechanisms and challenges;

Yahi mohammed elamine, Boudkhi mohammede lamine

2. The impact of the performance of Islamic capital market on

economic growth - Malaysian experience as a model;

Elhouzi Jamila, Elamri Safia

3. Islamic financial system as an alternative model after the global

financial crisis -

Loumaiziaafef, Ben barech Mohamed farid

4. Islamic financial engineering between achievement and promising

prospects for development;

Belghanami Nadjat Wassila, Fardi Hammed, MammeriAbdelouahab

5. financial Engineering and Risk Management of Islamic Banks:

comparative study with conventional banks;

Noureddine Behloule, Elcharig Haballah

6. Islamic Financial Engineering as an Approach to Sustainable

Development;

MIHOUBI Fatima, MAHDJOUBI Hamza

7. The Role of Sukuk in the Development of the Malaysian Islamic

Financial Market: A Standard Study (2001-2008);

Fetni Maya

1. Islamic Finance and Corporate Social Responsibility;

Hamidi Youcef, KadiNadjat

2. Inclusive finance through islamicfinance : case of Algeria;

Hocine Sam

3. Economic viability of the principles of islamic finance;

EssaidiMariem

4. Islamic finance confronts the profiles of young entrepreneurs

in Morocco, Analytical study;

LallanezhaLakmiti, Zahidabdelkahar

5. Deployment Strategy for Participative Financial Institutions in

Morocco "Link Banking";

Souad Merimi

6. CSR in Moroccan Banks: Analysis of Annual Reports;

Foukal Soumia, Radi Bouchra

7. Zakat: A synthesis of contemporary Zakat funds’ models in

Muslim-majority countries;

Hinde Adjar, Ahmed Chakir

The 5th International Conference of Entrepreneurial Finance CIFEMA 2017 Agadir, MoroccoPage 10


islamic finance & sustainable development: towards a … · islamic finance & sustainable...

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