The Islamic Corporation for the Development of the Private Sector (ICD) promotes Savings mobilization & Hajj funds management and best practices in ASEAN and beyond – Malaysia Experience

Representatives from 10 governments and government related agencies mostly from the ASEAN region have completed a 5-day training program on savings mobilisations, Hajj operations and funds management in Kuala Lumpur, Malaysia.

The workshop (13-17 August, 2017) was held under the auspices of TaHa Alam Sdn Bhd (TaHa), a joint venture company owned by Tabung Haji Group of Malaysia, and the Islamic Corporation for the Development of the Private Sector, ICD, (www.ICD-PS.org) which is the private sector development arm of the Islamic Development Bank (IsDB) Group.

The interactive workshop main aim was to share TaHa’s services through providing its targeted agencies in the ASEAN region and beyond with a broader understanding and insights into the success of the mobilization of Hajj savings scheme and Hajj operations based on the experience of Lembaga Tabung Haji, otherwise known as Malaysian Hajj Pilgrims Fund Board. This knowledge-sharing program was one of TaHa’s several activities in the year 2017 with the collaboration of Malaysian Technical Cooperation Program (MTCP), initiated in September 1980 to promote South-South Cooperation.

“In some countries, unfortunately, Muslims have to either forgo their personal belonging or borrow huge sums of money to finance their pilgrimage. This can be partially attributed to the lack or non-existence of Shari’a compliant savings instruments for them to save systematically for their once-a-lifetime Hajj pilgrimage. This has prompted us at Taha and ICD to take the lead in promoting Hajj savings and funds management as well as Hajj operations and best practices in different countries, particularly in the ASEAN region,” ICD’s Chief Executive Officer, Khaled Al Aboodi, elaborates, adding “such trainings have verifiably resulted in promoting partnerships and investment opportunities in addition to a more optimal sharing of knowledge, experience and governance. It is our hope that this workshop demonstrates the importance of having a proper institutions or mechanism to cultivate savings as well as proper hajj management in our member states”.

The participants at the workshop, the third of its kind since 2014, were from the Brunei Darussalam, Pakistan, Azerbaijan, the Philippines, Sri Lanka, Bangladesh, Myanmar, Vietnam, Maldives, and Fiji.

Distributed by APO on behalf of Islamic Corporation for the Development of the Private Sector (ICD).

For further information please contact:
Ahmed A Khalid / Nabil Al-Alami
Regional Head – Asia / Head, Marketing
E-mail: AAbdulKhalid@ISDB.org / NAlami@ISDB.org

About ICD:
The Islamic Corporation for the Development of the Private Sector, ICD, is a multilateral organization and a member of the Islamic Development Bank (IDB) Group. The mandate of ICD is to support economic development and promote the development of the private sector in its member countries through providing financing facilities and/or investments, which are in accordance with the principles of Shari’a. ICD also provides advice to governments and private organizations to encourage the establishment, expansion and modernization of private enterprises. ICD is rated AA/F1+ by Fitch and Aa3/P1 by Moody’s. More info at: www.ICD-PS.org.

About MTCP:
The Malaysian Technical Cooperation Program (MTCP) was officially launched on 7 September 1980 to signify Malaysia’s commitment to South-South Cooperation, in particular Technical Cooperation among Developing Countries (TCDC). The MTCP emphasizes the development of human resources through the provision of training in various areas essential for a country’s development such as public administration, good governance, health services, education, sustainable development, agriculture, poverty alleviation, investment promotion, ICT and banking. Annually more than 80 short-term specialized courses are offered by 80 MTCP training institutions, many of which are centers of excellence for training. To date, more than 32,000 participants from 143 countries have benefited from the various programs offered under the MTCP. More info at: http://MTCP.kln.gov.my.

Source:: The Islamic Corporation for the Development of the Private Sector (ICD) promotes Savings mobilization & Hajj funds management and best practices in ASEAN and beyond – Malaysia Experience

      

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Dispatch of a Special Envoy of the Prime Minister for the Inauguration Ceremony of the President of Angola

  • Following the result of the Presidential Election of the Republic of Angola in August this year, the Presidential Inauguration Ceremony for H.E. Mr. João Manuel Gonçalves Lourenço will be held on September 26.
  • Considering the importance of the bilateral relationship between Japan and Angola the Government of Japan has decided to dispatch Mr. Masahisa Sato, State Minister for Foreign Affairs, as Special Envoy of Prime Minister Shinzo Abe, to Angola to attend the ceremony.
  • With this dispatch, Japan wishes to offer its congratulations on the inauguration of President Lourenço and further promote the cordial and cooperative relationship between Japan and Angola.

Distributed by APO on behalf of Ministry of Foreign Affairs of Japan.

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Source:: Dispatch of a Special Envoy of the Prime Minister for the Inauguration Ceremony of the President of Angola

      

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Seychelles strengthens ties with African SIDS at UN conference

Seychelles strengthened relations with African small island developing states in the Indian and Atlantic oceans yesterday when President Danny Faure met with the President of Comoros and the Prime Minister of Cabo Verde at the United Nations General Debate in New York.

The President of the Union of Comoros, Mr Azali Assoumani, was keen for his country to benefit from Seychelles’ development experiences in a wide range of socio-economic and other sectors, from tourism and fisheries to health, housing, education and the environment.

President Assoumani was also interested in Seychelles’ success in obtaining both conventional and innovative sources of external financing for sustainable development, building a Blue Economy and addressing climate change, as well as mobilising domestic funds.

President Faure, who was accompanied by Foreign Secretary Claude Morel, said Seychelles would be willing to share its experiences and lessons learnt in the spirit of African solidarity and SIDS-SIDS cooperation and invited the President of Comoros for a visit next year.

The meeting with Mr Jose Ulisses de Pina Correia e Silva, Prime Minister of Cabo Verde, who described the two island states as like-minded countries regarding their approach to sustainable development and strengthening democracy, focused on cooperation in arts and culture and renewable energy, among other sectors.

Cabo Verde too is interested in Seychelles’ experiences in tourism, building development infrastructure and the Blue Economy, and addressing climate change.

Earlier in the day President Faure and his delegation attended the opening of the United Nations General Assembly’s (UNGA’s) annual General Debate which this year has attracted close to 130 world leaders. The President will address the UNGA on Thursday.

In the afternoon, he attended the launching of an international initiative by President Emmanuel Macron of France for a “Global Pact for the Environment”. This aims to be the first international legally binding document that gathers and harmonises all environmental laws in a single document.

Current international environmental law is fragmented in many conventions and international declarations.

President Faure ended the day at a reception for heads of state and government by President Donald Trump of the United States in his capacity as the president of the country that hosts the United Nations.

Distributed by APO on behalf of Ministry of Foreign Affairs of the Republic of Seychelles.

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Source:: Seychelles strengthens ties with African SIDS at UN conference

      

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Seychelles strengthens ties with African SIDS at UN conference

Seychelles strengthened relations with African small island developing states in the Indian and Atlantic oceans yesterday when President Danny Faure met with the President of Comoros and the Prime Minister of Cabo Verde at the United Nations General Debate in New York.

The President of the Union of Comoros, Mr Azali Assoumani, was keen for his country to benefit from Seychelles’ development experiences in a wide range of socio-economic and other sectors, from tourism and fisheries to health, housing, education and the environment.

President Assoumani was also interested in Seychelles’ success in obtaining both conventional and innovative sources of external financing for sustainable development, building a Blue Economy and addressing climate change, as well as mobilising domestic funds.

President Faure, who was accompanied by Foreign Secretary Claude Morel, said Seychelles would be willing to share its experiences and lessons learnt in the spirit of African solidarity and SIDS-SIDS cooperation and invited the President of Comoros for a visit next year.

The meeting with Mr Jose Ulisses de Pina Correia e Silva, Prime Minister of Cabo Verde, who described the two island states as like-minded countries regarding their approach to sustainable development and strengthening democracy, focused on cooperation in arts and culture and renewable energy, among other sectors.

Cabo Verde too is interested in Seychelles’ experiences in tourism, building development infrastructure and the Blue Economy, and addressing climate change.

Earlier in the day President Faure and his delegation attended the opening of the United Nations General Assembly’s (UNGA’s) annual General Debate which this year has attracted close to 130 world leaders. The President will address the UNGA on Thursday.

In the afternoon, he attended the launching of an international initiative by President Emmanuel Macron of France for a “Global Pact for the Environment”. This aims to be the first international legally binding document that gathers and harmonises all environmental laws in a single document.

Current international environmental law is fragmented in many conventions and international declarations.

President Faure ended the day at a reception for heads of state and government by President Donald Trump of the United States in his capacity as the president of the country that hosts the United Nations.

Distributed by APO on behalf of Ministry of Foreign Affairs of the Republic of Seychelles.

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Source:: Seychelles strengthens ties with African SIDS at UN conference

      

Categories: AFRICA