Download Beyond Financing A Game Changer in Shaping and

Beyond Financing A Game Changer
in Shaping and Sustaining High
Growth Entrepreneurs
Hussein A. A. Al- Mehdar,
Executive Director CACISLAMIC
BANK
Yemen Economical Situation
• Unemployment rate increase over Yemen
specially after Arab spring
• The continues revolutions make the funding
tools have to change.
• Economical situation enormous need rules of
funding have to change
Beyond Financing – A Yemeni
perspective
• The idea that the customers needs money
only is old fashions
• What we gain from Customer rules have to
change
• Modern economy is to build banks with new
business diversification suitable strategy
Beyond Financing – A Yemeni
perspective
• Customer business is our business in the bank
there is regulatory contradiction with
Compliance implications in this emerging
scenarios
• Compliance and regulations environments‘
must help and facilities this changers rather
than obstructs this issues
Experience - Our Key Strategies
As an Islamic Bank our life is made much easier
in reaching out to the customer than in
conventional banking
• Providing with what they need to succeed
• Establishing a sustaining financing needs
strategy
Bank Experience
We are optimistic for the favorable change and
our investment in the following sectors:• Enormous need for solar energies
• Supporting farmers ,hand workers, and hand
crafts
• Creating jobs with agrifinance (Employmentgenerating with Agricultural ministry)
• Agribusiness and to finance in small farm
fisheries, beehive , coffee, raisin, date and
almond.
Government Proposals (Yemen joining WTO(
• Yemen government need to take lead in
supporting farmers, hand workers, and hand
crafts by marketing their products' in interior
and external markets
• Create unique strategy or finding marketing
companies to purchase local products for
cunning or package it in organized before
selling them in the international markets.
• Yemen government need to supports with
incentives and tax exemptions
Banks proposals
There should be cooperation between Government,
Banks and SME
• Diversification with investment & services support
• Banks concept as investors and not creditor need to
take lead in supporting agribusiness and to finance
small farmers
• Spreads funding in all the regions
• Banks concept partnership (PLS) need to nurturing
creative entrepreneurs programs
• Both of us succeed (Win & Win) and so banks should
offer different kind of support not limited to funds
only
Limitations
The main limitations
-Absence of creditors strategies
-High borrowing charges
- Limited credit methods in very specific region
-Absence of Legal and regulatory guidelines
-Lack of Administrations, innovations ,
awareness, developing entrepreneurs services
, information's and quality management
-Absence of marketing strategies for fisheries
agricultural and local products
Conclusion
We can conclude from this that the tradition methods is
not appropriate the game method should and change
as :
• Beyond fund there should supplying tools and as
Assets, technical support
• The support could advisory in nature such accounting
marketing studies
• Raising farmers and hand makers creditors ability
• Government and Banks should spreads funding in all
the regions and not only in big cities
• Diversifications in funding types
• Yemen government should Improve infrastructure
services that can help investment in the country