ADFIMI - Assocation of National Development Finance Institutions in Member Countries of the Islamic Development, Demise of Dr. Selim Cafer Karatash
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Report on

ADFIMI – Oman Development Bank Joint Regional Seminar on


held under the patronage of

H.E. Dr. Ali bin Masoud Al Sunaidy,

Minister of Commerce and Industry

Crowne Plaza Hotel, Muscat, Oman, 13-15 February 2017



ADFIMI organised a seminar in collaboration with Oman Development Bank under the sponsorship umbrella of IDB, in order to review the state of SME Development and Finance, exchange information among NDFIs of IDB member countries.

General Overview

The seminar was attended by over 110 persons coming from 22 countries and 36 institutions.

H.E. Dr. Ali bin Masoud Al Sunaidy, Minister of Commerce and Industry of Oman kindly acted as the patron of the event.

Dr. AbdulAziz Al-Hinai, CEO of Oman Development Bank and Datuk Mohd Radzif Mohd Yunus, Managing Director of SME Development Bank, Malaysia made welcoming remarks.

The seminar proper began with the keynote speech by Mr. Khaled Mohammed Al-Aboodi, CEO of ICD which was considered an excellent account of SME development in the region.

The seminar then proceeded in accordance with the attached schedule.

Dato’ Prof. Dr. Azmi Omar was the second keynote speaker on the second day when he presented a comprehensive account of ‘Traditional and Alternative Finance Models: Status, Issues, Prospects and Challenges’

There were two panels on the third day on ‘Innovative tools for SME Financing’ and ‘Strategic Issues of SME Development’.

Mr. Imran Ahmad, Additional Director, State Bank of Pakistan presented a short account of what has been covered by the seminar.


The seminar provided a platform for financing professionals, policy makers and market players to discuss alternative models in addressing challenges in developing entrepreneurs of IDB Member countries as well as networking among SME development and finance institutions in Member Countries of Islamic Development Bank. Several novel ideas were shared during the seminar to the benefit of the attendees.

All in all, it was considered an astounding success by the participants and impressed by the seminar several attendees proposed ADFIMI to annually hold a regular meeting on “SME Development and Finance” to follow developments in the SME sector in IDB Member countries. This proposal will be evaluated by ADFIMI Management Committee.

Dr. Hinai’s recommendation made in the closing session concerning the follow up of this event on an annual basis is much appreciated and will be worked upon by ADFIMI.

ADFIMI is grateful to Dr. Al Hinai, CEO of Oman Development Bank and his team for a wonderful and generous hospitality.

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DAY 1 (13 February 2017)



09.00 – 09.30


09.30 – 09.45

Opening Remarks by Dr. AbdulAziz Al-Hinai, CEO of Oman Development Bank

09.45 – 10.00

Opening Remarks by Vice Chairman of ADFIMI – Datuk Mohd. Radzif Mohd. Yunus, Group Managing Director, SME Development Bank, Malaysia

Session 1

10.00 – 10.30

Keynote Speech on “The Present Status and Future Prospects for SME’s in the Middle East”

by Mr. Khaled Mohammed Al-Aboodi, CEO, Islamic Corporation for the Development of Private Sector (ICD)

10.30 – 11.30

Photo Session – Coffee Break

Session 2

11.30 – 13.00

Country Experiences

Moderator: Ms. Sharifa Al-Barami, Managing Director, Oman Accelerator Fund

13.00 – 14.00

Lunch Break

Session 2 (Contd.)

14.00 – 15.00

Country Experiences (Continued)

Moderator: Ms. Hana Abdulmohsen Al-Zuhair, Vice CEO of Prince Sultan Fund for Women Development, Saudi Arabia

15.00 – 15.30

Coffee Break

Session 3

15.30 – 17.00

Special SME Agendas

Moderator: Mr. Hasan Kimya Bolat, CEO, İş Leasing

18.00 – 20.00

Gala Dinner at AC Bustan Place – Ritz Carlton Hotel

End of day 1


DAY 2 (14 February 2017)

Session 4

09.00 – 09.45

Keynote Address on Traditional and Alternative Finance Models: Status, Issues, Prospects, Challenges

by Dato’ Prof. Dr. Mohamed Azmi Omar, Director General of IRTI

Session 5

09.45 – 11.00

Country Experiences on SME Development

Moderator: Mr. Harith Harun, Managing Director & CEO of Maldives Islamic Bank

  • SMEDA’s Experience by H.E. Ghulam Murtaza Khan Jatoi, Chairman SMEDA/Minister of Industries and Production, Pakistan and by Mr. Sheharyar Tahir, General Manager, SMEDA, Pakistan
  • KOSGEB’s Experience by Mr. Recep Biçer, President, Small and Medium Business Development and Support Administration (KOSGEB), Turkey
  • Financing and Developing SMEs in Oman by Ms. Amira Ahmed Al Zadjali, Assistant General Manager of Financial Programs, Al Raffd Fund Oman

11.00 – 11.30

Coffee Break – Networking Break

Session 5 (Contd.)

11.30 – 12.30

Country Experiences on SME Development (Continued)

Moderator: Mr. Harith Harun, Managing Director & CEO of Maldives Islamic Bank

12.30 – 13.30

Lunch Break

Session 6

13.30 – 15.30

Innovation, Incubation and Entrepreneurship

Moderator: Mr. Quazi Shairul Hassan, Managing Director, Saudi-Bangladesh Industrial and Agricultural Investment Company Limited (SABINCO)

15.30 – 16.00

Coffee Break

16.00 – 17.00

Evaluation and Certificate Ceremony

18.30 – 20.30

Sight Seeing City Tour

End of day 2


DAY 3 (15 February 2017)

Panel Discussion 1

09.00 – 10.15

New Innovative Tools for SME Financing

Moderator: Mr. Mohammed Al Amri, Raffd Fund

  • Mr. Eid Khair Mohammed Al Balushi, Assistant General Manager, Corporate Banking, ODB
  • Datuk Mohd. Radzif Mohd. Yunus, Managing Director, SME Development Bank, Malaysia

10.15 – 10.45

Coffee Break

Panel Discussion 2

10.45 – 11.30

Strategic Issues of SME Development

Moderator: Mr. Khalid Al Haribi, Head of Public Authority for SME Development, Riyada, Oman

  • Mr. Recep Biçer, President, Small and Medium Business Development and Support Administration (KOSGEB), Turkey
  • Dr. Abdulhasan Al-Dairi, Chairman, Bahrain SMEs Society
  • Dr. Osama Rayis, Africa City of Technology, Sudan
  • Mr. Özer Balkız, Deputy Secretary General,  Independent Industrialists' and Businessmen's Association (MÜSİAD)

11.30 – 12.00

Seminar findings by Rapporteur of the Seminar, Mr. Imran Ahmad, Additional Director – SME Banking, Housing & SME Finance Department, State Bank of Pakistan

12.00 – 12.30

Concluding Remarks by Datuk Mohd. Radzif Mohd. Yunus, Group Managing Director, SME Development Bank, Malaysia and Dr. AbdulAziz Al-Hinai, CEO of Oman Development Bank

Social Programme

15.00 – 19.00

Social Programme and short tour around Muscat








Date : 17 February 2017
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