III – PROMOTION OF ISLAMIC FINANCE AND INVESTMENTS

III – 1. CONDUCT OF FORA

Conduct of Fora, Conferences, Symposia, Meetings, Seminars and Summits advocating promotion of Islamic Finance and Investments in the country in coordination with concerned government and private institutions locally and abroad including economic missions to members of Organization of Islamic Conference.

III – 2. FACILITATION OF ESTABLISHMENT OF ISLAMIC MICRO FINANCE

  1. Trainer’s Training should be conducted by the BMEA at least once a year and that participants in the previous training are not allowed to participate to give way to others who are not yet trained. At least two representatives from each region shall be invited to be trained and thereafter shall re-echo the same to their respective regional offices. The regional offices may also conduct such Micro-Finance seminars in every Muslim community under their coverage to apprise them of the Islamic Micro-Finance models appropriate to them.
  2. A regional conference of Micro-Entrepreneurs shall be conducted by all regional offices at least twice a year as a way to organize Islamic Micro Finance and assess and evaluate the current problems, issues and concerns affecting the program. Micro-Financers and Borrowers and other concerned stakeholders should be invited to these conferences.
  3. In support to promote and sustain Islamic Micro Financing among Muslim Filipinos, BMEA shall conduct in coordination with Islamic Micro Finance Groups, annual summit of Key Stakeholders of Islamic Micro-Finance such as Ulama, Muslim Filipino Accountants, Academe and Borrowers that would enjoin them to declare their statement of support to the program. In this way, they are all responsible to make the whole project afloat and avoid unnecessary system failure. If possible, representatives from the International Islamic Micro Finance companies should be invited to share their best practices and system of management.
  4. BMEA shall create a database and profiles of internationally recognized Islamic Micro Finance companies as reference in linking to them locally organized Micro Finance for technical and financial support. If possible, a Memorandum of Understanding should be signed between them and NCMF for a better forging of stronger relationship with them.

IV – MUSLIM FILIPINOS MANPOWER SKILLS DEVELOPMENT PROGRAMS

IV – 1. Skills Development Training

This program is designed to give our clientele especially out of school youths and unschooled adults the necessary alternative skills to keep them out of poverty as a way to pursue a long range objective of reducing if not eradicate opportunity of recruiting them by criminal groups thereby contributing to the achievement of stable peace and order in ARMM and outside especially where there are Muslim communities.

The Bureau and regional offices should coordinate with TESDA, if possible sign a Memorandum of Agreement for the benefit of the program and its prospective clientele. There are non-degree courses offered by TESDA that could be provided to our clients which will make them self-sufficient for employment here and abroad.

The Bureau shall prepare a TRAINING MODULES in coordination with TESDA for dissemination to regional offices as their references. BMEA in coordination with regional offices shall formulate CRITERIA to be followed in accepting participants.

Regional offices are required to submit to Bureau of Muslim Economic Affairs proposals stating the suitable kind of non-degree courses training from TESDA needed by their respective clientele in their respective areas of coverage. If approved for implementation, funding requirement shall be downloaded to the regional offices with BMEA supervising and monitoring the project.

IV – 2. Employment Opportunities Assistance

BMEA will coordinate with POEA and Muslim embassies for possible placement abroad of Skills Training Graduates. Graduates of the programs are given the choice of self-employment with technical assistance from the office, if possible financial assistance from our regional offices.

Database of graduates from the program shall be created by BMEA and in the regional offices.