Workshop on Islamic Microfinance Held in Phnom Penh

A Workshop on Financial Inclusion: Case Study of Islamic Microfinance kicked off here yesterday aiming at providing better perspectives and insights on prospects within Islamic financial industry in steering the ecosystem towards achieving better financial sector.

The two-day workshop was organised by the World Islamic Economic Forum (WIEF) in collaboration with the International Centre for Education in Islamic Finance, Malaysia and Cambodia's Ministry of Economic and Finance.

Ten industry experts from nine countries who have deep understanding on the topic of Islamic microfinance shared perspectives at the event.

WIEF provides a platform for Cambodian authority to explore Islamic microfinance as a feasible solution with significant returns when it comes to engaging and activating the community towards contributing to the economy.

Mr. Chou Vannak, Deputy Director General of Financial Industry at the Ministry of Economy and Finance, said this workshop is providing the opportunities for participants to gain new knowledge through experience and idea sharing from experts from Malaysia, Indonesia, Bangladesh, Pakistan, and Egypt.

ASEAN has the demographics and potential for Islamic finance to prosper because of strong support from various governments, Mr. Tan Sri Dr. Wan Zahid, Chairman of the WIEF Education Trust said. With such potential, we at WIEF believe that in the time of disruptive change, innovation for Islamic financial services and products are at its prime.

The workshop, the second of its kind, was conducted following the recent launch of the 13th WIEF with the theme, Disruptive Change: Impact and Challenges. As scheduled, the 13th WIEF is going to be held in Sarawak, Malaysia from Nov. 21 to 23, 2017.

Source: Agency Kampuchea Press