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| Press Release |
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| Global Islamic Microfinance Forum Ready to Set New Standards |
| Forum will be held in Dubai and delegates from 25 countries will participate into it |
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| 27-10-2014 |
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(Lahore) 4th Global Islamic Microfinance Forum is going to be held on 1-2 November in Dubai to apply new standards in international Islamic microfinance organizations. The purpose of this forum is to generate new standards, dealing with Shariah issues, capability building and empowering the man power into this industry. Apart from other topics, role of IT in Islamic microfinance industry, rural development, Islamic micro insurance, employment opportunities, and micro entrepreneur will be the topics of discussion. This forum is organized by AlHuda Centre of Islamic Banking and Economics (CIBE) and delegates from 25 countries are participating in this mega event.
Discussing the purposes of this forum, Mr. Muhammad Zubair Mughal, Chief Executive Officer, AlHuda CIBE said that Islamic microfinance is a dire need of today to fight against poverty in Muslim world. He added that non Muslims can equally take benefit of Islamic microfinance with Muslims as this is neither a system nor a religion. It can be used as a powerful tool of financial inclusion. People remain restraint from interest in Muslim world so they lose the chance of financial availability. He said that it is proven in an international research that Islamic microfinance has more benefits than conventional microfinance and it is more suitable for poverty alleviation. Therefore, a best suitable product is available for the poverty alleviation in the world. There is only the need to explore new ways to use it.
Tanzania Microfinance Association, IRTI- Islamic Development Bank, Azerbaijan Association of Microfinance, Association of Microfinance in Tajikistan, Indonesia Microfinance association, Centre of Microfinance Nepal, Metropolitan Training Academy Turkey, Awaqaf South Africa, KFDDWB and many others participating in this forum. This forum will be continued for two days with 2 days post event training workshop on Islamic microfinance. Standards will be issued at the end of the forum. |
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