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To achieve financial inclusion through Islamic finance in the Caribbean
The Caribbean Alliance for Islamic Finance (CAIF) is an initiative to promote the development of Islamic finance in the Caribbean. CAIF is established with the aim of fostering the growth of Islamic finance and providing a platform that connects the Islamic finance enthusiasts in the Caribbean region. CAIF is committed to providing capacity building and training, as well as develop innovative products and services to meet the needs of the region.
CAIF aims to create an enabling environment for the development and progress of Islamic finance in the region, and to promote financial inclusion. CAIF is also committed to facilitating the exchange of information and experiences among stakeholders in the Caribbean by organizing trainings, workshops or conferences to promote potential growth and opportunities of Islamic finance.
The mission of the Caribbean Alliance for Islamic Finance (CAIF) is to promote Islamic finance as a viable economic development tool in the Caribbean. It works to create an alliance that will provide ethical and sustainable alternative financing through Islamic financing facilities and promote inclusivity and technological adaptation for community development in the region.
CAIF is interested in working together with strategic partners, including financial institutions, educational institutions, and regulators, to raise awareness of Islamic finance and create an enabling environment for its growth. Specifically, CAIF is working to:
• Raise awareness of Islamic finance among relevant stakeholders
• Develop innovative Islamic finance products and services
• Support capacity-building initiatives for regional institutions
• Develop research and development resources
• Advocate for an enabling environment for Islamic finance
• Promote collaboration between institutions and stakeholders
• Establish a regional hub for the promotion of Islamic finance
Copyright © 2024 Caribbean Alliance for Islamic Finance (CAIF) - All Rights Reserved.
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Islamic finance is a rapidly expanding sector within the financial industry that offers an ethical and responsible alternative to traditional financing methods. It is based on ethical principles that prohibit the charging of interest (Riba in Arabic) and other unethical practices like speculation and gambling, in financial transactions. With your support we wish to make this service available in the Caribbean.