press release on development of islamic microfinance
TRANSCRIPT
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7/30/2019 Press Release on Development of Islamic Microfinance
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CENTRE OF ISLAMIC BANKING
& ECONOMICS
Press Release
MFIs from 27 Countries unified for the development of Islamic Microfinance
Global Islamic Microfinance Forum concluded in UAE with a unanimous declaration
to work together for the advancement of Islamic Microfinance globally.
December 12, 2012
(Dubai UAE) Three-day Global Islamic Microfinance Forum was organized on 8th-10th December 2012,
in Dubai World Trade Centre, UAE. The delegates from UAE, Pakistan, India, UK, Bangladesh, USA, UK
Bahrain, Yemen, Azerbaijan, Turkmenistan, Kirghizstan, Mauritius, Kenya, Canada, France, Egypt, Philippine,
Uganda, Iraq, Nigeria, Sudan along with delegates from other countries participated in the Forum.
The salient topics discussed at the conference included bringing together the Islamic Microfinance
Institutions on a single platform, role of Islamic Microfinance in poverty alleviation, Shariah and related
issues of Islamic Microfinance Institutions and their solutions, Outreach of Al Huda Centre for Excellence in
Islamic Microfinance to different countries and dissemination of Qarz-e-Hasna Model of Akhuwat.
Representatives from microfinance institutions from 27 countries expressed their intent to unify theirefforts for poverty alleviation and social development through Islamic Microfinance.
Speaking on the successful completion of the forum, Zubair Mughal Chief Executive Officer AlHuda Centre
of Islamic Banking and Economics highlighted that the assemblage of a large number of institutions on the
forum of Islamic Microfinance is a clear indication that it is the only viable solution of poverty alleviation
around the globe. He urged the World Bank, IDB, USAID, IFC and other international institutions to include
Islamic Microfinance in their priority list for social development and poverty eradication; otherwise the
achievement of Millennium Development Goals of the United Nations will not be possible.
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While addressing the conference, Dr. Amjad Saqib (Executive Director Akhuwat) declared that Islamic
Microfinance Network will be spread all around the world; a specialist Shariah Supervisory Committee will
be setup to cope with the Shariah challenges encountered by Islamic Microfinance Institutions. He further
stated that the "3rd Global Islamic Microfinance Forum" will be organized by Al Huda CIBE in November,
2013.
Al Huda CIBE hosted the said forum in Dubai with the joint effort of Akhuwat, in which internationally well-
renowned speakers addressed the participants. The key-note speakers Justice Khalil ur Rehman, ShariahAdvisor AlBaraka Bank Limited, Mr. Kavilash Chawla MD, Nur Global Strategies- U.S.A, Mahesh
Jayanarayan, Chairman UMEX Market Group Ltd-UK, Zaigham Mehmood Rizvi,Expert Consultant on Housing
and Housing Finance-World Bank - Washington U.S.A, Dr. Amjad Saqib, Executive Director - Akhuwat
Pakistan, Pervez Nasim Chairmen Ansar Financial and Development Corporation Canada, Syed Hussain
Haider Senior Consultant - Govt of Punjab & Akhuwat, Ms. Katrin Fakiri MD (MISFA)Afghanistan, Gulnora
Yakubova, Operation Director, LLCMDO ARVAND-Tajikistan, Md. Ariful Islam, International Programmes
Muslim AidBangladesh, Humaiyun Saeed Jamshed, Senior Director (Marketing) SAB International FZ,UAE,
Raffick Nabee Mohomed Founder & Secretary, Al Baraka Multi-purpose Co-operative Society Ltd,Mauritius,
John D. Harwood, Canada, Aziz Ur Rehman Manager Shariah, Mawarid (Finance) UAE, Mohamed El
Mehdi Zidan, Director Baraka Editions-France. Dr. Tariq Cheema CEO World Congress of Muslim
Philanthropists - U.S.A and others presented their research papers on Islamic Microfinance to enrich the
knowledge of the participants.
Head Office: 192- Ahmad Block, Ph: +92-42-35913096-8 E-mail:[email protected]
New Garden Town Lahore, Pakistan. Fax: +92 -42-35913056 Website: www.alhudacibe.com
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