"Islamic Finance Innovation Competition 2024 fosters creativity, innovative solutions, and thought leaders, promoting sustainable growth within the Islamic financial landscape"

WELCOME TO IFIIC 2024

We invite you to join IFIIC 2024, where we'll push the boundaries of creativity and problem-solving to tackle global challenges and build a sustainable, unbiased future.

Our goal is to foster innovation in Islamic finance by offering a platform for individuals and teams to develop and showcase ideas that support sustainable growth in the industry.

IFIIC aims to be a global competition that empowers Islamic finance professionals to create innovative solutions aligned with Islamic values and address contemporary challenges....

Focus Areas:

1. FINANCIAL INCLUSION : INNOVATIVE PRODUCTS/SERVICES TO INCLUDE UNDERSERVED COMMUNITIES, ESPECIALLY IN MUSLIM-MAJORITY REGIONS.

2. GREEN FINANCE : SUSTAINABLE, ETHICAL FINANCIAL SOLUTIONS SUPPORTING A LOW-CARBON ECONOMY.

3. DIGITAL INNOVATION : USING TECHNOLOGY TO BOOST EFFICIENCY, ACCESS, AND TRANSPARENCY IN SHARIAH-COMPLIANT FINANCE.

4. SOCIAL IMPACT : FINANCIAL SOLUTIONS TARGETING SOCIAL ISSUES LIKE POVERTY, EDUCATION, AND HEALTHCARE.

5. RISK MANAGEMENT : INNOVATIVE RISK MANAGEMENT APPROACHES FOR INDUSTRY STABILITY.

6. SHARIAH COMPLIANCE : ADVANCING SHARIAH-COMPLIANT FINANCIAL INSTRUMENTS TO MEET MARKET DEMANDS.

Discover and support groundbreaking ideas that can transform Islamic finance. Encourage creative solutions to the industry's unique challenges and opportunities, fostering a culture of entrepreneurship and innovation.

PROMOTE RESPONSIBLE, ETHICAL GROWTH IN ISLAMIC FINANCE B SUPPORTING INITIATIVES ALIGNED WITH SUSTAINABLE DEVELOPMENT GOALS AND SOCIAL ENVIROMENTAL WELL BEING

UNLEASH YOUR INNER INNOVATOR!

KEY ASPECT OF IFIIC

1. Adherence to Shariah Principles:

ALL INNOVATIONS AND IDEAS MUST ADHERE STRICTLY TO ISLAMIC LAW (SHARIAH). THIS INCLUDES PRINCIPLES SUCH AS PROHIBITION OF INTEREST (RIBA), GAMBLING (MAYSIR), AND UNCERTAINTY (GHARAR).

A ROBUST SHARIAH GOVERNANCE FRAMEWORK IS ESSENTIAL TO ENSURE COMPLIANCE AND CREDIBILITY.

2. TECHNOLOGICAL ADVANCEMENTS:

INCORPORATING FINTECH SOLUTIONS CAN ENHANCE EFFICIENCY, ACCESSIBILITY, AND TRANSPARENCY IN ISLAMIC FINANCE.

EXPLORING THE POTENTIAL OF BLOCKCHAIN AND DIGITAL ASSETS FOR ISLAMIC FINANCE PRODUCTS AND SERVICES.

3. PRODUCT AND SERVICE INNOVATION:

CREATING INNOVATIVE FINANCIAL PRODUCTS AND SERVICES THAT CATER TO THE EVOLVING NEEDS OF CUSTOMERS WHILE ADHERING TO SHARIAH PRINCIPLES.

DEVELOPING EFFECTIVE RISK MANAGEMENT STRATEGIES THAT ALIGN WITH ISLAMIC PRINCIPLES.

4. INCLUSIVITY AND ACCESSIBILITY:

PROMOTING FINANCIAL INCLUSION BY PROVIDING ACCESSIBLE AND AFFORDABLE ISLAMIC FINANCIAL SERVICES TO UNDERSERVED COMMUNITIES.

LEVERAGING TECHNOLOGY TO MAKE ISLAMIC FINANCIAL SERVICES MORE ACCESSIBLE TO A WIDER AUDIENCE.

OBJECTIVE

OF THE COMPETITION

Skill Development

Participating in a competition can help participants develop essential skills such as problem-solving, critical thinking, creativity, and presentation

Market Validation

Competitions provide a platform to test ideas and gauge market interest. This can help participants refine their concepts and assess their potential for commercialization.

Participation in competitions can enhance professional credibility and open doors to new career opportunities.

Career Advancement:

Foster Versatile Collaboration

The event fosters interdisciplinary teamwork and creative problem-solving by bringing together participants from diverse academic fields, promoting knowledge exchange and collaboration.