International Islamic Microfinance Network

Mrs. Farida TariqCEO

CWCDwww.cwcd.org.pk

VISION

An apex global network, mitigating poverty through development and enhancement of Islamic Microfinance Institutions and systems worldwide

MISSION

Support of the national and international Islamic Microfinance Institutions in developing Standardized, Coordinated, Transparent & Shariah Compliant products & procedures for alleviating Poverty

HISTORY• IMFN is a Non Profit Organization, formed in

2009 by a group of Islamic Microfinance Institutions, dedicated for the development and promotion of the Islamic Microfinance Industry through Innovation, Shariah Compliance Product Development, Institutional Capacity Building, Donor Linkages & Up scaling of Islamic Microfinance Institutions.

• The Network focuses on Public & Institutional Awareness of the Islamic Financial Systems

FOUNDING MEMBERS OF IMFN

• Centre for Women Cooperative Development CWCD

• Akhuwat• Alhuda Center for Islamic Banking & Economics• M. Khaleequzzaman (IIUI)• Khunde Kor• Muslim Aid• Helping Hands• Islamic Relief• Karakoram Cooperative Bank• Takaful Pakistan

Structure of the Board

Chair Person

Directors Directors Directors

Members

Co Chairperson

Core Objectives

Institutional Capacity Building

Standards setting &

Rating Authority of

IMFIs

Awareness, Promotion

& Publications

Channel of Communicati

on&

Information dissemination

Ensure Shariah

Compliances

Innovation &

Research

Linkages &

Bridging

Global Voice of IMFIs

Institutions

IMFN

Who Can Join?

• Practitioners

• Academia

• Advisors

Criteria of Membership

Practitioners• National & International Operators of Islamic

Microfinance with strong commitment to Islamic Microfinance Systems

• Has been able to develop Islamic Microfinance Products through consultation of Recognized Shairah Board

• Must clearly declare the Islamic Microfinance System as part of their Mission Statement

• Has been Practicing Islamic Microfinance for the Past One Year

• Share the Mission and Objectives of IMFN• Institutions must be under Legal Structure of their

respective Country• Be ready to Share experiences & Data with IMFN

Academia

• Scholars working for the development of Islamic Financial Systems

• Institutions offering Islamic Financial Systems as part of their curricula and/or research on Islamic Financial Systems

• Institutions providing training in Islamic Finance

Advisors

• Religious Scholars and Ulema dedicated for the promotion of Islamic Financial System

• Must have working experience in Islamic Financial Institutions

• Advisory Firms working for the development of Islamic Financial Systems

Takaful & Islamic Insurance Companies

• Companies must be offering Islamic Insurance

IMFN Board

• Total number of Board Members will be at least 7 elected by the General Body Members

• Two Statuary Committees will be formed– Finance Committee– Audit Committee

Membership Fee

• Registration: Rs 100,000• Annual Subscription: Rs 40,000

Thank You

For Inquires Contact UsOffice Secretary IMFN

148 P Model Town Ext. Lahore+92 423 5167135,5167658

Fax: + 92 423 5166954