Community Financing: An Innovative Approach to Financial Inclusivity
The current Covid-19 pandemic has given rise to large-scale uncertainties and risks to the ‘lives and livelihoods’ across communities around the world. Its profound impact to the shrinking world economy and rising unemployment is no secret.
This crisis has impelled policymakers, governments, the financial sector and civil society to address the crucial challenges of financial exclusion, socio-economic inequalities and exacerbated poverty within our communities.
This webinar offers a unique opportunity to acquire knowledge and insights into a pioneering approach meeting the expectations as well as aspirations of our communities.
The Assadaqaat Community Finance (ACF) initiative is based on the Shariah principle of ‘no interest’ financing. They provide a secure platform to harnesses the generosity and benevolence offered by the ‘privileged’ class towards the ‘less privileged’ ones, instilling the spirit of entrepreneurship by empowering them to start and sustain MSMEs (micro, small and medium enterprises).
The ACF financial model is a novel approach that offers specific financing services for community development, thus contributing to a more balanced economic ecosystem with their proactive support to the severely affected members of our society.
Founder & CEO, Assadaqat Community Finance
Akmal Hanuk is the founder & CEO of ACF, and has been living in Cardiff, Wales (UK) for the past 20 years. He is currently holding senior board level positions in numerous public and private organisations and is currently a member of the Valleys Ministerial Task Force, Ministry of Economy and Transport at Welsh Government; Supporting Entrepreneurial Women in Wales, Business Wales Strategy Board. He is also a University Business tutor in Entrepreneurship, Business Strategy and International Business at Cardiff Business School, Cardiff University.
As a Guest Lecturer & Keynote Speaker on Islamic Finance, he has spoken at leading academic institutions, international seminars, and conferences.
Dr Ahmad Jamal
Reader in Marketing and Strategy, and the Deputy Head of Section, Learning and Teaching (Marketing) at Cardiff University Business School, UK.
Dr Ahmad Jamal is a Reader in Marketing and Strategy, and the Deputy Head of Section, Learning and Teaching (Marketing) at Cardiff University Business School, UK. His research interests include exploring the interplay among culture, ethnicity and consumption including Islamic financial consumption and charitable donations in offline and online digital contexts.
His work has appeared in scholarly journals such as Journal of Business Research, European Journal of Marketing, Information Systems Frontiers, Technological Forecasting & Social Change, Journal of Strategic Marketing and Journal of Marketing Management.
He is the co-author for Routledge Companion to Ethnic Marketing and has presented his work at many international conferences across the world.