O mankind, eat from whatever is on earth [that is] lawful and good and do not follow the footsteps of Satan. Indeed, he is to you a clear enemy. Surah Al-Baqarah [2:168]
Press Release
5th Global Islamic Microfinance Forum will be held in Malaysia
Forum is being jointly organized by AKHUWAT and ALHUDA- CIBE in order to alleviate poverty
5th Global Islamic Microfinance Forum will be held in Malaysia
(September 16, 2015)

(Lahore) Poverty is being recognized as the top of the global problems as it is spreading day by day but even more worrying situations that the Muslim world is being hit even more severely, as it is being considered as number one agenda of “Financial Inclusion”. As per a careful estimate, almost 46% of the Poor live in Muslim countries, where the poverty trends are alarming. One of the reasons behind this is the general avoidance from “RIBA” the “Interest” which is strictly prohibited in Islam. So if we really intend to include the Muslims in the financial inclusion, then we need to develop a system caring their Cultural and Social Values, which is possible only through Islamic Microfinance.

These points were said by Mr. Muhammad Zubair Mughal, the Chief Executive Officer, of AlHuda Center of Islamic Banking and Economics ( CIBE ), while narrating the objectives and background of the “5th Global Islamic Microfinance Forum” to be held on November 24-25, 2015 in modern city of Kuala Lumpur, Malaysia, jointly by AKHUWAT and ALHUDA- CIBE, so that a Comprehensive strategy be formulated to alleviate poverty and for sustained economic progress. Participates from almost 30 different countries are expected to participate in the forum, wherein a large variety of topics will be discussed at length, including; Islamic Microfinance, Financial Inclusion, Rural development, Use of IT in Microfinance, Micro Takaful, Rural credit, Small business problems and solutions, Shariah Principles and General Economic Development.

Dr. Amjad Saqib, the Executive Director, AKHUWAT also highlighted the impact and objectives of this forum, by expressing that the primary objective of this 5th Global Islamic Microfinance Forum is to bring some relief to the poor by developing a welfare society exploring the best techniques from a variety of methods of poverty alleviation adopted globally. He presented the AKHUWAT Model as a successful case and declared that Akhuwat has so far distributed almost Rs.9 Billion among 960,000 families through “Qarz-e-Hassan” which in itself is a true model of Islamic Welfare oriented Microfinance system.

The Forum will be followed by Two Days, “Post Event Workshop on Islamic Fund Mechanism, Shariah Standards and Sustainable Operations” This Workshop will cover a variety of allied topics. For further details the following link can be visited: http://alhudacibe.com/gimf2015

About AlHuda CIBE:
AlHuda Center of Islamic Banking and Islamic Economics (CIBE) is a well recognized name in Islamic banking and finance industry for research, advisory and capacity building over the last ten years. The prime goal has always been to remain stick to the commitments and provide state-of-the-art Advisory Consultancy and Education through various well recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Trainings Workshops, and Islamic Microfinance and Takaful Consultancies etc. Side by side through our distinguished, generally acceptable and known Publications in Islamic Banking and Finance.

We are dedicated to serve the community as a unique institution providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 25 Countries for the development of Islamic Banking and Finance industry so far. For further Details about AlHuda CIBE, please visit: www.alhudacibe.com

For Media Contact:
Ms. Shaguftta Perveen
Manager Communications,
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