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Lexile Framework for Reading Launches in Indonesia to Advance English Literacy

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MetaMetrics partners with Lumina Education to embed globally recognized Lexile® measures in assessments and learning tools.

SINGAPORE, Nov. 7, 2024 /PRNewswire-PRWeb/ — Today at EDUtech Asia, Asia’s largest conference and exhibition for educators and EdTech providers, MetaMetrics®, a leader in educational measurement and research, announces the launch of the Lexile® Framework for Reading in Indonesia. This groundbreaking initiative through Lumina Education, a subsidiary of Lippo Group, will begin in 50 schools across the country. Lumina’s reading program, BukuAku, is designed to help students enhance their English reading proficiency by providing accurate reading measures and matching them with books appropriate for their reading level.

“We are excited to work with Stephanie and the Lumina team to bring the value of the Lexile Framework to Indonesia’s English language learners…Lumina Education’s mission to build a brighter future aligns strongly with our own vision.” –Brad Baumgartner, CEO, MetaMetrics.

At the core of the BukuAku program is the LTS Reading Test, powered by the Lexile Framework for Reading, a powerful tool for assessing a student’s reading ability and matching them to reading materials at their level. Unlike traditional assessments, BukuAku offers more than just a score; it provides a roadmap for growth by matching students with books in their Lexile range, creating a personalized learning experience that fosters curiosity and encourages a lifelong love of reading.
The launch event, held on November 5 in Jakarta, is a significant milestone, attended by influential leaders from both MetaMetrics and Lumina Education, including Stephanie Riady, CEO of Lumina Education.

“We are thrilled to bring the Lexile Framework to Indonesia and incorporate it into BukuAku,” said Stephanie Riady. “This partnership isn’t just about launching a new product; it’s about building a better future for students across Indonesia by enhancing their English literacy and giving them tools to succeed in a fast-changing world.”

“The development of the new LTS Reading Test involved a team from both companies, led by Catherine Mulyana, Chief Operating Officer of Lumina Education, and Lisa Bickel, Vice President of Partner Success at MetaMetrics” continues Stephanie, “working together, we tailored reading tests and resources to meet the needs of Indonesia’s English learners. One of the most powerful aspects of the program is tailored intervention strategies for students with lower-than-expected Lexile measures who need extra support.”

“We are excited to work with Stephanie and the Lumina team to bring the value of the Lexile Framework to Indonesia’s English language learners,” comments Brad Baumgartner, CEO, MetaMetrics, “our teams worked with Indonesian students to ensure the questions, assessments, reading materials, and the measurement scale connect together seamlessly. Lumina Education’s mission to build a brighter future aligns strongly with our own vision,” concludes Brad.

Integration of the Lexile Framework within BukuAku elevates how reading skills are taught and nurtured in Indonesia, empowering educators with actionable insights to support student growth. Lexile measures are also incorporated into Lumina Testing Services (LTS), a new web app offering educators detailed insights into student progress. With LTS, teachers and administrators can seamlessly monitor student growth, check for any potential gaps, identify improvement areas, and make data-driven decisions that promote better student learning progression.

About MetaMetrics, Inc.
MetaMetrics Brings Meaning to Measurement
MetaMetrics is guided by a powerful north star—to support student growth through actionable learning measurement. Over the last 40 years, MetaMetrics’ staff of educators, psychometricians, and policy leaders have developed learning frameworks that now support over 35 million students in the US. More than half of the K-12 students in the US receive Lexile and Quantile® measures and over a hundred million pieces of content have corresponding measures. MetaMetrics was founded in 1984 with the singular goal of making measurement meaningful by matching students to learning resources using a scientific, universal scale. Today, Lexile and Quantile measures are available in all 50 states, with half of the nation receiving the measures through state accountability assessments or at the local level through partnerships with edtech companies that deliver services to schools and districts. Leveraging the most advanced AI technology and learning theory, MetaMetrics continues to innovate solutions for a wide range of applications including early reading, career readiness, and tutoring. For more information, visit MetaMetricsInc.com.

About Lippo Group
Lippo Group is a leading Indonesian multinational conglomerate with significant investments in various industries, including education, retail, media, real estate, banking, healthcare, and hospitality. Through its subsidiary, Lumina Education, and its nonprofit arm, the Pelita Harapan Education Foundation, Lippo Group is committed to advancing educational opportunities across Indonesia and empowering the next generation of leaders. For more information about Lippo Group’s educational subsidiary, visit luminaeducation.id.

Media Contact

Renee Basick, MetaMetrics, Inc, 9195473400, hello@metametricsinc.com, https://metametricsinc.com/

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Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

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November 24, 2024

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

 

SOURCE Wahed

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Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

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November 24, 2024

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

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“India Global Forum’s mission more relevant than ever,” says Finance Minister Nirmala Sitharaman ahead of IGF Middle East and Africa 2024

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November 24, 2024

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India Global Forum’s flagship event in UAE kicks off in Dubai on 25 November with IGF ForumPolicymakers, politicians, business figures and celebrities from India, UAE, Africa to converge at inaugural session

DUBAI, UAE, Nov. 24, 2024 /PRNewswire/ — Ahead of India Global Forum’s (IGF) flagship Middle East & Africa 2024 (ME&A 2024) in Dubai on Monday, 25 November, Finance Minister Nirmala Sitharaman commended the role of the organisation in fostering global partnerships.

“Through their impactful and outcomes driven work, India Global Form has consistently provided a platform that fosters a better understanding of modern India and its vast opportunities for the global audience. It has also played an important role in building meaningful cross-border connections.

“India Global Forum’s mission to build corridors of technology, talent, investment and trust is more relevant than ever,” she said.

Under the theme of ‘Limitless Horizons’, IGF ME&A 2024 will foster new partnerships and collaborations between India, the Middle East, and Africa, unlocking opportunities in sectors such as technology, finance, sustainability and innovation.

The two-day event will begin with a special address by India’s Commerce Minister Piyush Goyal.

The inaugural session will also witness UAE’s Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Omar al Olama, delve into the policies and reforms driving technological innovation in the UAE.

Looking forward to IGF ME&A, Indian Ambassador to the UAE, Sunjay Sudhir said: “The India-UAE relationship has entered an exciting new phase of exponential growth. We are at a moment in history where India-UAE relations are driving the synergy between our regions which has never been greater, and IGF serves as a beacon for harnessing this potential.”

Manoj Ladwa, Founder and Chairman, India Global Forum (IGF), said: “India’s External Affairs Minister, S. Jaishankar, aptly noted during his recent visit to Dubai that the India-UAE ties are in an era of new milestones. These ties are not just about trade figures or agreements – they represent a deeper alignment of values, aspirations, and shared visions for the future. IGF Middle East and Africa is an opportunity to channel this momentum into actionable outcomes that benefit not just our nations but the wider region.”

Featuring over 200 speakers and 1,000 participants across nine streams, IGF ME&A 2024 includes:

IGF Dialogues: An exclusive gathering of industry leaders and policymakers engaging in peer-to-peer roundtable discussions.IGF Forum: A Deep dive into how India, the Middle East, and Africa can embrace limitless horizons in a changing worldLeaders Dinner: An exclusive by-invite only dinner at the BAPS Hindu Mandir in Abu DhabiFounders and Funders Forum: Spotlighting the possibilities and pitfalls of the growing role of AI in India, the Middle East, and Africa.Climate and Business Forum (ClimB) – Exploring how businesses can achieve growth while prioritising sustainability and climate actionIGF Focus Forum – Discussions across diverse event streams, including leadership, entrepreneurship, healthcare, skilling and cultureDisruptors in the Desert – Demystifying emerging trends and technologies across key sectors poised to shape the next decade of the Global South. 

These engagements will tackle pressing global challenges, from climate change and energy transition to the future of AI and digital economies, bringing together a diverse lineup of global leaders, business pioneers, policymakers, and innovators.

Key Speakers across the event include:

H.E. Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work ApplicationsH.E. Sunjay Sudhir, Ambassador of India to UAEMahesh Bhupathi, Indian Tennis LegendYusuf Tambawala, Vice President of Growth & Business Support, DP WorldLeander Paes, Indian Tennis LegendAbhimanyu Munjal, Managing Director and CEO, Hero FincorpHarsh Jain, Co-Founder, Dream11Monish Shah, Founder and CEO, DreamSetGoSanjay Nayyar, Founder and Chairman, Sorin AdvisorsAmnah Ajmal, Executive Vice President, Market Development, Eastern Europe, Middle East and Africa, MastercardNeeraj Makin, Senior Executive Vice President, Group Head – Strategy, Analytics & Venture Capital, Emirates NBDSiddharth Shah, Co-founder, PharmeasyFaizal Kottikollon, Chairman, KEF HoldingsRola Abu Manneh, CEO Middle East, Standard CharteredSiddharth Balachandran, Executive Chairman & CEO, Buimerc CorporationKuppulakshmi Krishnamoorthy, Global Head, Zoho for StartupsMina Liccione, Comedian, Dubomedy

About India Global Forum
India Global Forum tells the story of contemporary India. The pace of change and growth India has set itself is an opportunity for the world. IGF is the gateway for businesses and nations to help seize that opportunity.  To know more, click here

Social Media Handles & Hashtag to Follow
Twitter: @IGFUpdates & @manojladwa
LinkedIn: India Global Forum
#IGFUAE

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