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Conference on "Innovative Sources to Finance Small and Medium-Sized Enterprises", 16-17 February 2010, Dubai. AWQAF INVESTMENTS AND THE SME SECTOR IN SOUTH AFRICA Models, Case Studies, Prospects, & Challenges. Introduction. Brief historical background SA & SME Sector Awqaf Investments - PowerPoint PPT Presentation
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AWQAF INVESTMENTS AND THE SME SECTOR IN SOUTH AFRICA
Models, Case Studies, Prospects, & Challenges
Conference on "Innovative Sources to Finance Small and Medium-Sized Enterprises", 16-17
February 2010, Dubai.
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Introduction
Brief historical background SA & SME Sector Awqaf Investments Prospects and Challenges Recommendations
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Brief historical background
Arrival of first Muslims Banning and unbanning Laws affecting Muslims Socio-economic impact Democratic era Status quo of Waqf
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SA & SME Sector
SA Economy Major Challenges in SA SME Sector status quo Govt support & institutions Challenges Muslims in the SME sector Potential for growth
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Models of Waqf Investments in SA Private-Public Charitable Trusts Community – Private Partnership
(Non Corporatised) Community – Private Partnership
(Corporatised) Masjid Community Based; Community Based Public Awqaf
Foundation.
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Case Studies of Waqf Investments in SA
Hajee Ahmed Mahomed Lockhat Wakuff 1933
Waterval Islamic Institute 1934 Rustenburg Mosque Plaza 1989 Nurul Islam Plaza Ltd 1996 Juma Masjid Trust 1890 National Awqaf Foundation of South
Africa 2001
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Promising SME Sectors in SA
Real Estate Mining Agriprocessing Intellectual property development i.e.
inventions in energy, pharmaceutical Manufacturing Services
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Awqaf-Awqaf Collaboration
Property - infrastructure Risk Finance Fund (Private Equity) Microfinance Islamic Merchant Bank Asset finance
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Awqaf – Awqaf Collaboration
Qard Hasan Loans Joint Ventures Partnerships Syndications
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Conclusion
SA Waqf Economy still in infancy stage Muslim SME sector needs support to
grow into Blue Sky companies Muslim SME sector needs infrastructure,
financial services eg interest free credit, qard hasan loans
Several promising SME sectors in SA Several options for Awqaf-Awqaf
Collaboration and Partnership