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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 specialized Trainings, 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 Akhuwat
Akhuwat 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 principles of 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

Islamic Microfinance An incredible tool for poverty alleviate

About Islamic Microfinance


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 Shariah complaints 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.

Need Assessment of Islamic Microfinance


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 microfinance companies 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 56 IDB 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.

Islamic Microfinance An incredible tool for poverty alleviate

Event Summary
Last year, AlHuda CIBE has convened Global Islamic Microfinance Forum on December 8th, 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 arouse rd 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 be th th held on October 6 at Dubai, U.A.E with Two Days Post Event Training Workshops on October 7 th 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: 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

Islamic Microfinance An incredible tool for poverty alleviate

2nd Global Islamic Microfinance Forum Speakers


December 08, 2012 - Dubai World Trade Centre - UAE.
Justice (R) Khalil Ur Rehman Shariah Advisor AlBaraka Islamic Bank Chairmen Punjab Halal Development Agency Govt. of Pakistan Dr. Amjad Saqib Executive Director Akhuwat Lahore, Pakistan Mr. Zubair Mughal Chief Executive Officer AlHuda Centre of Islamic Banking and Economics Lahore, Pakistan Mr. Mashesh Jayanarayan CEO and Director of Several Public and Private Companies Founder of UMEX Capital Markets Group UK Mr. Kavilash Chawla Managing Director Nur Global Strategies U.S.A Aziz Ur Rehman Manager-Shariah Mawarid Finance Dubai Zaigham Mehmood Rizvi Renowned International Expert Islamic Banking & Housing Finance Washington - U.S.A Mr. Pervez Nasim Managing Director & CEO Ansar Financial and Development Corporation Canada Mr. Abdul Samad Shairah Advisor Bank of Khyber Pakistan Syed Hussnain Haider Project Director of Akhuwat University Jamal D. Harwood Renowned Finance Expert Canada Abu Bakar Siddique Chief Coordinator -Akhuwat, Pakistan Junaid Farid Manager Consultant - Akhuwat Pakistan Mr. Jamal D. Harwood Renowned Finance Expert Canada Mr. Mamode Raffick Nabee Mohomed Founder/ Secretary Al Barakah Multi-purpose Co-operative Society Limited - Mauritius Mohamed El Mehdi Zidani Author -"An Islamic Analysis of the Grameen Bank" Director Baraka Editions Humayun Saeed Jamshed Senior Director Marketing SAB International FZ LLC UAE Ms. Gulnora Yakubova Operation Director LLCMDO ARVAND Tajikistan. Dr. Tariq Cheema Chief Executive Officer World Congress of Muslim Philanthropists U.S.A Mr. Hamad Rasool Director Research AlHuda Centre of Islamic Banking and Economics - Pakistan

For Speaking and Sponsorship please Contact: info@alhudacibe.com

Islamic Microfinance An incredible tool for poverty alleviate

Event Agenda
Inaugural Session
s Recitation from Holy Quran s Welcome Address s Inaugural & Key Note Address

Technical Session I: Conceptual Framework & Policies for Islamic Microfinance


s s s s s

Shari'ah foundation & Application of Islamic Microfinance Compatibility of Islamic Microfinance with other MF models Islamic Microfinance as an effective tool of poverty alleviation Donors reluctance towards Islamic Microfinance: Causes and Solutions Zakah, Waqf & Co-operative Models for Islamic Microfinance

Technical Session II: Qard-e-Hasn Model for Islamic Microfinance


s Akhuwat Model Adding new dimensions in Microfinance Salient Features s Linking Microfinance with business community s Replicating Akhuwat Model - Challenges & Benefits s Impact assement Impact assessment - A Case Study of Akhuwat

Session III: Power Table - Panel Discussion - Current Status, Strategies and Future Potential of Islamic Microfinance
s 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
sTechnical Session IV: Outreach & Sustainability of Islamic Microfinance s 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 s Integration of Mobile Banking with Islamic Microfinance: Ensuring access to

finance for unbanked through. Declaration of the Conference

Islamic Microfinance An incredible tool for poverty alleviate

Two Days Post Event Workshop on


Shari'ah Principles, Operational Mechanism and Marketing Strategies of Islamic Microfinance October 07-08, 2013 development in Islamic microfinance. Shari'ah Principles and their Application in Innovation, Development & Opportunities in Microfinance Islamic Microfinance Conceptual Framework of Islamic Modernization in Microfinance Microfinance Alternative delivery channels Islamic principles of Micro financing, Role of I.T for the Development of needed to adhere to when operating Islamic Microfinance under Shari'ah law Need of Product Diversification in Compatibility of Microfinance Models Islamic Microfinance with Islamic Microfinance. Product innovation and product Mix of Islamic Microfinance as an effective tool Islamic Microfinance for sustainable development. Donors unwillingness towards Islamic Exploring the Islamic Microfinance Products: Microfinance: Causes and Solutions Murabaha, Salam, Istisna, Diminishing, Marketing Strategies of Islamic Microfinance. Mudarabahah, Musharakah and Ijarah How to market Islamic Microfinance Murabaha as Ideal financing mode in products? Micro/Rural finance sector How to ensure that your products are Salam: Its mechanism and practical authentically Islamic and how to implications for Microfinance Sector. convince your clients? Istisna: Shari'ah ruling and its Is Islamic Microfinance for Muslims ? A compliance with standards big Misconception Ijarah: As an alternative to conventional Effective donor strategies to support Micro leasing Islamic Microfinance Diminishing Musharaka A Shariah Islamic Insurance (MicroTakful ) & Risk Compliant Instrument for Micro Housing Management Techniques in Islamic Finance. Microfinance Deposit Management Techniques for Islamic Insurance ( MicroTakaful ) An Islamic Microfinance Banks/Institutions. effective tool for Sustainable ( Modarabah & Musharaka) Development. Use of Zakah and Establishment of Waqf for Risk Management Techniques for Islamic Building up the Islamic Microfinance Microfinance Institutions BancaTakaful Channelize the Use of Zakah, Waqf and Co-operative MicroTakaful Products with Islamic models in Islamic Microfinance. Microfinance Institution Utilization of Waqf concept for the Case Studies development of the development and Strengthened the Islamic Microfinance Extending the product line and product

Islamic Microfinance An incredible tool for poverty alleviate

Who should attend this Forum?


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 Experts r Academia r Philanthropist and Investors r Regulators and Govt. Officials r Shariah Scholars and Experts
r Microfinance

Promotional and Marketing Opportunities


No Company can afford to miss this Great Interactive Marketing Opportunity! 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.

December 08, 2012 - Dubai World Trade Centre - UAE.


Islamic Microfinance An Incredible tool for poverty alleviation

Organized by

In Association with

Centre of Islamic Banking and Economics

June 13, 2011 at Faisal Mosque Auditorium, Islamabad - Pakistan

Shariah Compliant Solutions for Microfinance

Centre of Excellence in Islamic Microfinance


Our Services in Islamic Microfinance
Islamic Microfinance Product Development Training & Capacity Building Shariah Advisory Research and Innovation Publications & Reports Networking and Awareness

w w w. a l h u d a c i b e . c o m / i m h d

For Registration Please Contact


AlHuda Centre of Islamic Banking and Economics
192-Ahmed Block, New Garden Town, Lahore - Pakistan Ph: (+92-42) 35913096-98 Fax: (+92-42) 35913056 E-mail: info@alhudacibe.com Web: www.alhudacibe.com