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