3rd global islamic microfinance forum profile

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    About AlHuda Centre of Islamic Banking and Economics

    AlHuda Centre of Islamic Banking and Economics

    is a globally recognized name working in the

    areas of Islamic banking & finance and

    Microfinance in order to provide specializedTrainings, Advisory and Research for the last

    seven years with an aim to serve the community

    by providing state-of-the-art Advisory,

    Consultancy and Education to masses through various well

    recognized modes i.e. Distance learning programs, Trainings

    Workshops, Awareness Programs and Islamic Microfinance

    Products Development. Our specialized and research oriented

    publications are another source of knowledge delivery.

    For further details, please visit: www.alhudacibe.com

    About AkhuwatAkhuwat is dedicated to improve the lives of the

    poor, especially those who are financially

    abused, abandoned and disregarded by society.

    It was established with the objective of

    providing Qard-e-Hasn or interest free Microfinance to the poor

    so as to enhance their standard of living. Drawing on principlesof social justice and brotherhood, Akhuwat strives to alleviate

    poverty by creating a system based on mutual support in the

    society. Akhuwats philosophy is based on the principle of

    Qard-e-Hasn, helping someone in need with an interest-free loan,

    has been favored over charity. From a first loan of Rs. 10,000,

    Akhuwats total disbursements have now become reached about

    Rs. 2 billion.

    For further details, please visit: www.akhuwat.org.pk

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    Islamic Microfinance An incredible tool for poverty allevi

    Microfinance has emerged as an important instrument to help a large number of Unbankable

    members of society, as a tool to help reduce poverty and encourage economic growth in

    neglected parts of the world. However, time has proved that conventional microfinance is not

    fully reaching the poorest of the poor.

    During the latest research on Microfinance sector, it is evaluated that Islamic financial system

    provides the best solutions for Poverty alleviation and Social sustainability, it is not only providing

    opportunity to utilize a sustainable system but also offers good rate of return & ideal performance

    compare to conventional microfinance system.

    Islamic Microfinance is a sub-set of Islamic Economic & Financial System. The demand for Shariahcomplaints financial products and services is increasing with the rapid progress of Islamic finance

    industry. It is widely accepted that micro finance is the most effective tool for alleviation of

    poverty and uplift the living standards of poor through real economic activities in society, but as

    per market studies conventional micro financial system could not serve the potentially as should

    expectation due to the few deficiencies in the system. So, it is an immediate need to develop

    substitute financial products for microfinance institutions.

    We are in great need of Islamic microfinance to be implied due to the failure of microfinance

    structure all over the world and its most unprecedented example is India where microfinancecompanies had failed after a biggest clampdown due to

    exorbitant interest rates. Islamic microfinance has

    traits to provide a parallel support to the poorest of the

    poor and its imminent qualities leaves no room for

    structural devastation as emphasizes ethical, moral &

    social factors to promote equality and fairness for the

    good of the society.

    It is estimated that 3 billion people are living below the

    poverty line around the world among them

    approximately 44% conventional microfinance clients

    reside in Muslim countries. Almost one-half of the 56IDB member countries in Asia and Africa are classed as

    United Nations Least Developed Countries (LDCs), so

    there is an immediate need to start Islamic Microfinance in Muslim Majority countries for

    financial inclusion. Right now, there are about 300 Islamic Microfinance Institution, working

    globally in 32 countries. Islamic Microfinance have proven track record that it deals with long

    lasting & complete solutions for Sustainability.

    About Islamic Microfinance

    Need Assessment of Islamic Microfinance

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    Islamic Microfinance An incredible tool for poverty allevi

    thLast year, AlHuda CIBE has convened Global Islamic Microfinance Forum on December 8 , 2012 -

    Dubai, U.A.E to expand the vision of microfinance all over the world. Supporters, sponsors and

    attendees admired the conference that served as a spokesman of the poor community to arouserd

    the need of micro financing as a whole. AlHuda-CIBE is going to arrange 3 International

    Conference on Islamic Microfinance entitled as Global Islamic Microfinance Forum that will beth th

    held on October 6 at Dubai, U.A.E with Two Days Post Event Training Workshops on October 7th

    and 8 , 2013. The main cause of the series of conferences is to increase the scope and trend of

    Islamic Micro Financing in the developing and under developed countries to open the horizon of

    helping the poor to survive to their best.

    We are quite hopeful that this forum will help to fairly and broadly distribute new opportunities

    and innovations across Microfinance field so as to build an even stronger movement to eliminate

    poverty. We intend to collate the manpower for a collective social movement to support Islamic

    microfinance as the best tool to eradicate poverty. The vision of this Islamic Microfinance Global

    Forum is to create a value in the line of Islamic microfinance for the benefit of human kind and

    motive to create awareness in the masses and International Market through this event.

    The core objectives of this Forum are:

    Event Summary

    4Promoting awareness of Islamic Microfinance among the masses, government and Non

    Governmental Sectors and Multilateral Donor agencies.

    Promote Islamic Microfinance Model which is compatible with the models being used in

    Conventional Microfinance.4Create a more favorable environment for Islamic Microfinance at national and

    international level

    4To promote Islamic microfinance as a social phenomenon instead of business oriented

    model

    4Gain global practices on Islamic microfinance through learned national and international

    scholars and experts

    4To recognize Islamic Microfinance as sustainable system worldwide

    4Awareness of Islamic Microfinance system as sustainable and viable solution for poverty

    alleviation

    4Buildup the recognition of Islamic Microfinance system, for the encouragement of

    practitioners/microfinance institutions/ donor agencies/ Government institutions

    4To provide a Platform to start a dialogue with multilateral donor organizations and

    Microfinance Network

    4Providing innovative knowledge of the various aspects of Islamic microfinance

    4To provide the opportunities for collaborations/partnerships with donor agencies,

    Islamic banks and Islamic Microfinance Institutions/Networks.

    4To ensure continued growth of Islamic Microfinance Institutes

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    Islamic Microfinance An incredible tool for poverty allevi

    Justice (R) Khalil Ur RehmanShariah Advisor AlBaraka Islamic BankChairmen Punjab Halal Development Agency Govt.of Pakistan

    Dr. Amjad SaqibExecutive Director

    AkhuwatLahore, Pakistan

    Mr. Zubair MughalChief Executive Officer

    AlHuda Centre of Islamic Banking andEconomicsLahore, Pakistan

    Mr. Mashesh Jayanarayan

    Mr. Kavilash ChawlaManaging DirectorNur Global StrategiesU.S.A

    Aziz Ur RehmanManager-ShariahMawarid FinanceDubai

    Zaigham Mehmood RizviRenowned International ExpertIslamic Banking & Housing FinanceWashington - U.S.A

    Mr. Pervez NasimManaging Director & CEO

    Ansar Financial and DevelopmentCorporationCanada

    Mr. Abdul SamadShairah AdvisorBank of Khyber -Pakistan

    Syed Hussnain HaiderProject Director of AkhuwatUniversity

    CEO and Director of Several Public andPrivate CompaniesFounder of UMEX Capital Markets Group -UK

    Jamal D. HarwoodRenowned Finance Expert -Canada

    Abu Bakar SiddiqueChief Coordinator -Akhuwat,Pakistan

    Junaid FaridManager Consultant - AkhuwatPakistan

    Mr. Jamal D. HarwoodRenowned Finance Expert -Canada

    Mr. Mamode Raffick Nabee MohomedFounder/ Secretary

    Al Barakah Multi-purpose Co-operativeSociety Limited - Mauritius

    Mohamed El Mehdi ZidaniAuthor -"An Islamic Analysis of theGrameen Bank"

    Director Baraka Editions

    Ms. Gulnora YakubovaOperation DirectorLLCMDO ARVAND -Tajikistan.

    Dr. Tariq Cheema

    Chief Executive OfficerWorld Congress of Muslim Philanthropists -U.S.A

    Mr. Hamad RasoolDirector Research

    AlHuda Centre of Islamic Banking andEconomics - Pakistan

    Humayun Saeed JamshedSenior Director MarketingSAB International FZ LLCUAE

    2nd Global Islamic Microfinance Forum Speakers

    December 08, 2012 - Dubai World Trade Centre - UAE.

    For Speaking and Sponsorship please Contact: [email protected]

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    Islamic Microfinance An incredible tool for poverty allevi

    Event Agenda

    Inaugural Sessions Recitation from Holy Quran

    s Welcome Address

    s Inaugural & Key Note Address

    Technical Session I: Conceptual Framework & Policies for Islamic Microfinances Shari'ah foundation & Application of Islamic Microfinance

    s Compatibility of Islamic Microfinance with other MF models

    s Islamic Microfinance as an effective tool of poverty alleviations Donors reluctance towards Islamic Microfinance: Causes and Solutions

    s Zakah, Waqf & Co-operative Models for Islamic Microfinance

    Technical Session II: Qard-e-Hasn Model for Islamic Microfinances Akhuwat Model Adding new dimensions in Microfinance Salient Features

    s Linking Microfinance with business community

    s Replicating Akhuwat Model - Challenges & Benefits

    s Impact assement A Case Study of Akhuwat

    Session III: Power Table - Panel Discussion - Current Status, Strategies andFuture Potential of Islamic Microfinances What are the Global efforts and Achievements in Islamic Microfinance?

    s What are the barriers to adoption of Islamic Microfinance globally? And how to resolve them?

    s What are the Potential Islamic Microfinance Instruments? Exploring The Islamic Microfinance

    Models Available

    s Initiatives needed in designing a framework for policy making for the expansion of Islamic

    Microfinance

    s The key bottleneck in the strategies which constraints the growth of Islamic Microfinance

    s

    Technical Session IV: Outreach & Sustainability of Islamic Microfinances Impact of Islamic Microfinance for Rural Development & Social Uplifting

    s Empowering Islamic Microfinance by fulfilling Social and Development expectations

    s MicroTakaful Shari'ah Compliant solution of Micro Insurance

    s I.T solutions to strengthened Islamic Microfinance Industry

    Integration of Mobile Banking with Islamic Microfinance: Ensuring access to

    finance for unbanked through.

    Declaration of the Conference

    Impact assessment -

    s

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    Islamic Microfinance An incredible tool for poverty allevi

    Shari'ah Principles and their Application in

    Microfinance

    Conceptual Framework of Islamic

    Microfinance

    Islamic principles of Micro financing,

    needed to adhere to when operating

    under Shari'ah law Compatibility of Microfinance Models

    with Islamic Microfinance.

    Islamic Microfinance as an effective tool

    for sustainable development.

    Exploring the Islamic Microfinance Products:

    Murabaha, Salam, Istisna, Diminishing,

    Mudarabahah, Musharakah and Ijarah

    Murabaha as Ideal financing mode in

    Micro/Rural finance sector

    Salam: Its mechanism and practical

    implications for Microfinance Sector. Istisna: Shari'ah ruling and its

    compliance with standards

    Ijarah: As an alternative to conventional

    Micro leasing

    Diminishing Musharaka A Shariah

    Compliant Instrument for MicroHousingFinance.

    Deposit Management Techniques for

    Islamic Microfinance Banks/Institutions.

    ( Modarabah & Musharaka)

    Use of Zakah and Establishment of Waqf forBuilding up the Islamic MicrofinanceInstitutions

    Use of Zakah, Waqf and Co-operative

    models in Islamic Microfinance.

    Utilization of Waqf concept for the

    development of the development and

    Strengthened the Islamic Microfinance

    Extending the product line and product

    development in Islamicmicrofinance.Innovation, Development & Opportunities in

    Islamic Microfinance

    Modernization in Microfinance

    Alternative delivery channels

    Role of I.T for the Development of

    Islamic Microfinance

    Need of Product Diversification inIslamic Microfinance

    Product innovation and product Mix of

    Islamic Microfinance

    Donors unwillingness towards Islamic

    Microfinance: Causes and Solutions

    Marketing Strategies of Islamic Microfinance.

    How to market Islamic Microfinance

    products?

    How to ensure that your products are

    authentically Islamic and how to

    convince your clients? Is Islamic Microfinance for Muslims ? A

    big Misconception

    Effective donor strategies to support

    Islamic Microfinance

    Islamic Insurance (MicroTakful ) & Risk

    Management Techniques in Is lamic

    Microfinance

    Islamic Insurance ( MicroTakaful ) An

    effective tool for Sustainable

    Development.

    Risk Management Techniques for IslamicMicrofinance

    BancaTakaful Channelize the

    MicroTakaful Products with Islamic

    Microfinance Institution

    Case Studies

    Two Days Post Event Workshop onShari'ah Principles, Operational Mechanism and Marketing Strategies of Islamic Microfinance

    October 07-08, 2013

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    Islamic Microfinance An incredible tool for poverty allevi

    rMicrofinance Institutions & Banks

    r Local and International Donors Agencies

    r Rural Support Programs

    r Islamic and conventional Banks

    r Insurance and Takaful Companies

    r SMEs & Corporative Societies

    r NGOs and NPOs

    r Microfinance Professionals and Expertsr Academia

    r Philanthropist and Investors

    r Regulators and Govt. Officials

    r Shariah Scholars and Experts

    Islamic Microfinance Global Forum is practice driven but interesting for senior level executives

    event, designed to explore and share strategies within Islamic microfinance industry. This

    platform is expected to provide a healthy liaison and calls for tremendous marketing and

    promotion opportunities for the following business and social segments:

    Microfinance Institutions & Banks

    Local and International Donors Agencies

    NGOs and NPOs

    Islamic and Conventional Banks

    IT Companies

    Rating Agencies

    Investment Banks Local and Multinational Companies

    REITs

    Financial Solutions Providers.

    No Company can afford to miss this Great Interactive Marketing Opportunity!

    Who should attend this Forum?

    Promotional and Marketing Opportunities

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    June 13, 2011 at Faisal Mosque Auditorium, Islamabad - Pakistan

    December 08, 2012 - Dubai World Trade Centre - UAE.

    Islamic Microfinance An Incredible tool for poverty alleviation

    Organized by In Association with

    Centre ofIslamic Bankingand Economics

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    www.alhudacibe.com/ imhd

    Our Services in Islamic Microfinance

    Shariah Compliant Solutions for Microfinance

    Centre of Excellence inIslamic Microfinance

    Islamic Microfinance ProductDevelopment

    Training & Capacity Building

    Shariah Advisory

    Research and Innovation

    Publications & Reports

    Networking and Awareness

    AlHuda Centre of Islamic Banking and Economics192-Ahmed Block, New Garden Town, Lahore - PakistanPh: (+92-42) 35913096-98Fax: (+92-42) 35913056E-mail: [email protected]: www.alhudacibe.com

    For Registration Please Contact