The Ambassador of the Africa Islamic Economic Foundation, (AFRIEF) is an active interface with stakeholders of the economic and business community of their respective countries, considering their specific interests and needs in AFRIEF Islamic Finance initiatives and Programs.The main objective of this function is to establish a close and direct link between the Africa Islamic Economic Foundation and their country’s public, private sector and social institutions.
The AFRIEF Ambassador acts as a visible contact person in his or her country for the economic and business community in the broadest sense; i.e. government economic and social agencies, business organisations, sectoral federations, Chambers of commerce and Industries. Beyond his or her primary responsibilities of advocacy, awareness and mobilization of public/political opinion in support of the strategic goals of AFRIEF in his or her country, the AFRIEF Ambassador plays an integral role in ensuring that his or her country’s priorities and presence are well represented in all AFRIEF activities. This implies:
- conducting direct dialogue through meetings and visits with Public and private sector organisations at national and state or regional levels;
- informingthe governments and economic stakeholdersof their respective countriesregularly about new Islamic finance and Halal economy initiatives and programs currently being developed, which have a potentialimpact on economic development;
- providing a focal point for complaints from government and private sector institutions, and collecting feedback from them on issues of interest to them, especially on access to support programs on Islamic finance and the halal economy;
- facilitating access of entrepreneurs to information on Islamic finance and Halal economy programs and initiatives;
- establishing AFRIEF contact points in all relevant Government Ministries, directories and agencies in order to acquaint him or herself with relevant government economic and social intervention policies;
- organising an “Halal Economy Network” in his or her country to specifically promote and provide guidance on the application of Halal economy principles;
- Communicating and supporting the dissemination and application of good practises in entrepreneurship and Halal economy policy development and implementation.
- Coordinating the development of appropriate Islamic capital market structures and mechanisms as well as relevant policy, legal, regulatory, and institutional interventions that are necessary to successfully attract ethical Investments and expand Islamic financing for the Sustainable Development Goals (SDGs) of his or her country.
ACTION COMMITTEE ON ISLAMIC FINANCE AND CAPITAL MARKET DEVELOPMENT (ACCIFMA)
The AFRIEF Ambassador shall coordinate the establishment of an 11-member Action Committee on Islamic Finance and Capital Market Development (ACCIFMA) under his or her chairmanship for the purpose of harnessing and coordinating the power of Islamic finance and capital, entrepreneurship and innovation to tackle some of the most pressing issues facing his or her country through:
- the pursuit of shared objectives and coordinated actions among stakeholders of the economy.
- developing and approving strategies for government and stakeholder engagement, facilitating knowledge exchange and providing practical assistance to policy makers and the general public through webinars, visits, workshops at plenaries etc.
- guiding and providing strategic counselling to national policy discussions on Islamic finance and capital market development.
- helping to develop and support fundraising activities related to the work plans of the Action Committee.
MEMBERSHIP AND ELIGIBILITY
Membership of the Action Committee will comprise of high-level individuals, plus associated institutions, widely recognized and respected for their professional achievements, including private investors, financial institutions, capital market operators, entrepreneurs, foundations, academics, impact-oriented organizations, non-profits and intermediaries.
The appointment of AFRIEF Ambassador is voluntary, merit-based with both rewarding and fulfilling opportunities. It is valid for two years, renewal (with a 4-year term limit) by mutual agreement based on the assessment of his or her activities during the first tenure. The appointment is one per each African country. The AFRIEF Ambassador operates independently from their private homes and offices and maintain regular contacts with AFRIEF’s headquarters in Ghana.