WiOT COMPETITION

CONTEXT

Ethical Banking, Islamic Finance and Non-banking solutions, they all have in common they all want to make a positive and lasting impact in their communities. Since 2008, many experts believe that among the causes of the financial crisis include too much leverage for banks and companies; as well as too much derivative “complex synthetic products” as the most relevant. There is therefore a social move that demands financial organization to emphasize more the real economy as opposed to the financial economy as has been the trend in the last few decades.

Thus many savers and financial consumers are looking to different ways of doing finance that will meet the financial needs of the people, taking into account, morals, ethics and need to improve the societies in which they belong to. All in order to help their communities activate economic initiatives and in this new context; alternatives such as Islamic Finance, Ethical banking as well as other Non-banking solutions are of special relevance. The youth are among the most affected by the situation, because they will be the ones that have to bear the excess leverage of the present.

generation, and they have very limited access to the financial resources needed to make their own economic ventures. Financing a better world: What is Out There 2015 is the 2nd Edition of the ‘What is Out There?' Competition made in 2012. Our aim is to find and support innovative strategies for financing your social impact project. Following the success of the first edition of the competition, we want to foster new ways of getting funds to run projects or initiative, to understand the views of the youth on possible alternatives to the present financial practices, but also to help them look into new alternative ways that Islamic finance, ethical banking and other non-banking alternatives that can provide for their financial future.

Case Studies


"My experience in this competition was very positive; I have seen and learned many things. I also met people who have given me ideas for the future"
Mateo Alvarez.
Winner in the first edition.


“I decided to participate in the competition because I think that it is one of the very few competitions that is interested by the social-impact finance in its alternative forms, and notably it´s the Islamic finance and economics that we adopt in Yomken.com
Tamer Taha.
Winner in the first edition.

Case Studies







Case Studies