2nd Karatay International Conference on Islamic Economics and Finance
MAIN THEME
SUSTAINABLE SMART AGRICULTURE AND ISLAMIC FINANCE
From the beginning, agriculture is a crucial part of human society due to the reality that man and agriculture are directly related to each other. This fact leads to the advancement and enhancement of the typical, inappropriate, and time-consuming methodologies, used for agriculture. In the fast-moving world, new trends and technological advancements have changed the lifestyle of people. Emerging new technologies are becoming an important part of the routine. To meet the global population needs, it is projected at least eighty billion dollars in investment per year to support food security until 2050.
Arguably, the agriculture financing growth has stalled due to many reasons, while Islamic finance has the potential to spur the growth of agriculture financing to promote global food security.
On the other hand, agriculture in the majority of Muslim countries is still nowhere to its potential. It is hindered by an inefficient and underdeveloped downstream segment and low access to finance and technology. This is a huge opportunity for Islamic finance in helping to bridge the gap through the value chain financing approach as one of the strategies to reduce risk and provide a socio-economic spillover effect along the chain. We believe that Islamic finance could promote agricultures sustainability and a more efficient process with FinTech enabled platform.
Therefore, KARCIEF 2022 aims to bring the think tank in Islamic finance to address the above problem and create a platform that enables innovative and creative solutions.