CENTRE OF ISLAMIC BANKING & ECONOMICS

Press Release

Logo of ‘Islamic Microfinance Forum’ inaugurated in Yemen and Pakistan

The Global Islamic Microfinance Forum will be held in Dubai on 8th – 10th December,

2012 in which Delegates from more than 25 Countries would Participate

03/10/2012

“Ms. Najah Almugahed, MD of Yemen Microfinance Network is cutting the ribbon to inaugurate

the logo of Global Islamic Microfinance Forum in Sana’a, Yemen. (Left), Mr. Tariq Cheema,

President of World Congress of Muslim Philanthropists (WCMP) is inaugurating the logo of

Forum in Pakistan, whereas Dr. Amjad Saqib, Mr. Shahid I. Mohammed,

Mr. Zubair Mughal - CEO are also Present in the Picture. (Right)”

(Yemen + Pakistan) The Logo inauguration ceremony of Global Islamic Microfinance Forum held in Sana’a,

the capital city of Yemen and Lahore, Pakistan. In Yemen, the Logo was inaugurated by the Managing

Director of Yemen Microfinance Network (YMN) - Ms. Najah Almugahed whereas in Pakistan, it was

inaugurated by the Chief Executive Officer of World Congress of Muslim Philanthropists (WCMP) - Dr. Tariq

Cheema. It should be noted that Global Islamic Microfinance Forum would be held on 8 - 10 December,

2012 at Convention Centre – Dubai, UAE. A huge number of delegates from the Banks and Microfinance

Institutions like Al-Amal Microfinance Bank, Al Tadamun Microfinance Bank, Social development Fund

Yemen, National Microfinance Foundation, Aden Microfinance Foundation, Alkuraimi Islamic Microfinance

and Economic development fund etc. have participated in this logo inauguration ceremony in Yemen. While

addressing to the inaugural ceremony, Ms. Najah Almugahed appreciated the step of AlHuda Centre of

Excellence in Islamic Microfinance to organize Global Islamic Microfinance Forum and said that the

microfinance industry would be more established through this Forum. While addressing to the inaugural

ceremony, Chairman of Yemen Microfinance Network - Mr. Al-Lai has declared the strategy of AlHuda

Centre of Excellence in Islamic Microfinance for the promotion of Islamic Microfinance as a very good step

for the industry which will amplify the awareness and promotion of Islamic Microfinance.

The logo inauguration ceremony of forum in Pakistan was attended by Islamic Microfinance Industry of

Pakistan in which different constituents from Microfinance institutions participated including Dr. Amjad

Saqib, Executive Director – Akhuwat, Ms. Fareeda Tariq, Chief Executive Officer - Wasil, Mr. Shahid I.

Mohammad, President – Naymet Islamic Microfinance, Mr. Aamir Yousaf, Director – Naymet Islamic

Microfinance, Ms. Zareen Iqbal – Asasah, Mr. Imran Jafery – Meri Awaz NGO, Mr. Hammad Rasool, Director

– AlHuda CIBE, Dr. Zahid – COMSAT, Mr. Muhammad Mubarak, Executive Director – Agahe and Mr.

Muhammad Khushnood – NRDP. While addressing to the Logo inauguration ceremony, Mr. Tariq Cheema

said that Islamic Microfinance is growing rapidly all around the world and the forum like this would further

strengthen this industry whereas Mr. Amjad Saqib said that 150000 people in Pakistan are getting benefits

of Islamic Microfinance and with respect to Islamic Microfinance, Pakistan is an emerging market.

The Chief Executive Officer of AlHuda Centre of Islamic Banking and Economics, Mr. Muhammad Zubair

Mughal said that AlHuda Centre of Excellence in Islamic Microfinance is working on a strong strategy for the

promotion of Islamic Microfinance and prior to the Global Islamic Microfinance Forum; road shows in this

connection will be organized in Yemen, Azerbaijan, UAE, Indonesia, Kazakhstan, Nigeria and Ghana so that

the institutions could be invited for Global Islamic Microfinance Forum from all over the world. He further

said that delegates from more than 25 countries are participating in this forum in which the global policies

of Islamic Microfinance would be finalized. Forum will be held on 8 th December in Dubai whereas a

specialized training workshop on Islamic Microfinance would be held on 9 – 10 December, 2012.

Head Office: 192- Ahmad Block, Ph: +92-42-35913096-8 E-mail: info@alhudacibe.com New Garden Town Lahore, Pakistan. Fax: +92 -42-35913056 Website: www.alhudacibe.com