Explore the new vision of Islamic Finance and Economic Leadership.
Understand how to build a resilient and strong economy of the future.
Islamic Finance as the engine of growth for Islamic Economy.
Rising to the Challenge: Find your purpose and lead with high-impact.
About this MasterClass
You are invited for a unique journey of faith, wealth and success which seeks to ignite a new vision of economic leadership.
This MasterClass is based on Almir's personal experience with Islamic finance and the lessons he learned along the way.
The main theme is centred on the “Shepherd's model" of economic leadership that Almir developed after years of researching the best business and finance practices.
The model itself is based on the Prophet Muhammad's (may peace and blessings of Allah be upon Him) statement that we are all shepherds and therefore responsible for the people and situation around us. From this statement, Almir extracted an economic model which frames our economic functions into 3 key pillars or domains.
The focus of this MasterClass will be on the 3rd Pillar which deals with economic leadership and wealth creation.
Why Leading with Islamic Finance
There is a universal demand to create a fairer economic system, as both capitalism and socialism have lost their way and do not know how to answer the moral challenges of our time.
Today – we must respond just like Yusuf (AS) did when he protected economic integrity with his wise leadership at his time.
When we think about the things we need today from entertainment, spirituality, health, business, education, banking and other halal products and services, we want everything to be consistent with Islamic values and lifestyle.
- This MasterClass is about reimagining Islamic finance as the Engine of Growth for the Islamic economy.
- Aim is to transform Islamic Finance into high-impact entrepreneurial operation which is at the heart of the Islamic economic system.
The fruit of this work is to be the most beneficial to other people. To take care of the weak and lead the strong amongst us.
This is a journey of:
Unlocking the power of Islamic Principles of Entrepreneurship and Leadership
Transforming Islamic Finance into the engine of growth for Islamic Economy
Overcoming obstacles and finding the light within
Leading with Heart and the Courage to Lead
Finding what Islam teaches us about Strength, Character and following our dream
Rising to the Challenge and awakening the Shepherd within
The Rise of Islamic Economy
Today the Islamic economy is beginning to rise as 1.8 billion Muslims around the globe begin to make commercial decisions that are driven by faith and values.
There are over 50 Muslim majority countries that represent over $19.4 trillion in purchasing power parity (PPP) terms. These same countries also represent some of the fastest- growing global economies in the world.
It is estimated that by the year 2023, Islamic Finance will reach $3.8 trillion, followed by Halal food US$1.8 trillion, modest fashion $361 billions, Halal media and recreation $288 billion, Halal travel $274 billion, Halal pharmaceuticals $131 and so on.
Trends and economic growth
Based on Pew Research:
- There are 1.8 billion Muslims in the world – roughly 24% of the global population
- Muslims are the fastest-growing religious group in the world
- Muslims are also the youngest (median age of 24 years old) of all major religious groups, seven years younger than the median age of non-Muslims
- The number of Muslims is expected to increase by 70% from 1.8 billion to nearly 3 billion in 2060. (World's population is projected to grow only 32%)
- By 2030, there will be more than 540 million Muslim youth and young adults (ages 15-29) around the world (30% of all youth in the world)
This MasterClass is designed to help participants create a vision which can cater for the needs of the value driven economy and its consumers.
Start date: 25 July, 2021 (AEDT)
Course Deliver: Live online classes (90 minutes per session). Sessions are repeated twice on the same day - first at 10am and then at 8pm (AEDT) with recordings available for up to 12 months.
Length: 6 weeks.
Live Sessions on: 25th July, 1st Aug, 8 Aug, 15 Aug, 22 Aug and 29 Aug (AEDT)
All live sessions take place on Sunday at 10am Australian Eastern Daylight Time (AEDT) and again repeated live on the same day at 8pm (AEDT)
This MasterClass is suited to all participants want to lead in an innovative way.
It is suitable for those who want to understand future economic trends and enhance their career opportunities.
No prior knowledge or qualifications are necessary.
Instructor: Almir Colan
Almir Colan is the Director of Australian Centre for Islamic Finance (AUSCIF) and CEO at Olive Investments. Almir is also an adviser to number of institutions that provide Islamic finance and member of a working group at AAOIFI.
Previously, Almir was a consultant lecturer and board member for the Master of Islamic Banking and Finance Course at La Trobe University.