Person:
Alawode, Abayomi A.

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Last updated:November 17, 2025
Biography
Mr. Alawode is responsible for designing and delivering the Bank’s Work Program in the area of Islamic finance, covering: i) Strengthening the Institutional Foundations of Islamic Finance (e.g. legal, governance, risk management and insolvency standards); ii) Enhancing Regulatory and Supervisory Frameworks for Islamic Financial Institutions; iii) Developing and applying Sharia-compliant financing solutions for key developmental challenges (e.g. infrastructure finance, SME finance, trade finance); and iv) Knowledge generation and dissemination activities to improve the understanding of Islamic finance globally. Since joining the World Bank in 1997 as a Young Professional, Abayomi has worked in various capacities including as Practice Manager (Financial Systems Practice), Lead Financial Sector Specialist (East Asia and Pacific Region) and as Program Leader/Senior Financial Specialist (World Bank Institute). He also served as Adviser, Financial Stability at the Central Bank of Bahrain from 2006 to 2010. Before joining the World Bank, Abayomi was a Lecturer in Economics at the Obafemi Awolowo University, Ile-Ife, Nigeria (1990-1994) and an Instructor in Development Economics at the University of Cambridge. In addition to Islamic finance, he has strong expertise in financial stability, risk management, financial sector policy and strategy as well as knowledge management/capacity development. A Nigerian national, Abayomi holds a B.Sc and M.Sc (both in Economics) from the Obafemi Awolowo University, Ile-Ife, Nigeria and an M.Phil in Development Studies from the University of Cambridge, England. He is the author of several academic papers on monetary and financial sector issues.

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  • Publication
    Tracking Progress: Impact Monitoring of Social Finance (November 2023)
    (Washington, DC: World Bank, 2023-10-31) Azhar, Soraya; Alawode, Abayomi A.; Rehman, Aamir A.; Rasid, Mohamed Eskanda; Lavigne-Delville, Jerome
    In recent years, the concept of social finance has gained prominence in Malaysia’s policy and financial circles, particularly with respect to providing support to the underprivileged. This report provides an overview of global good practices and provide specific recommendations for Malaysia to develop the necessary architecture for disclosure of social finance and impact monitoring by banks, insurance companies and other financial institutions (FIs). This report also examines key issues and opportunities related to impact monitoring and reporting of social finance in Malaysia, and aims to provide guidance to Malaysian FIs through self-benchmarking vis-à-vis global good practices to improve the outcomes from their social finance projects. The report is structured as follows: Chapter 1 presents an overview of global and local trends in impact and social impact investing, definitions of social finance, and the concepts of impact monitoring and evaluation. Chapter 2 explores the common principles of impact monitoring, evaluation and disclosure established by international standard-setting bodies and applications by Environment, Social, Governance (ESG) and impact investors. Chapter 3 presents case studies on impact monitoring, evaluation and reporting by global social finance entities and impact investors. Chapter 4 examines the current practices and challenges of impact monitoring and reporting in Malaysia. Finally, Chapter 5 offers recommendations to policymakers to enhance the Malaysian social finance and impact monitoring framework and tools.