Press Release

AlHuda CIBE launched Islamic Microfinance Awards (IMFA)
AlHuda CIBE launched Islamic Microfinance Awards (IMFA)

IMFA will be held in Kenya on 9th November, 2016. Participants from more than 35 countries are expected to participate.

(Press release) To promote the industry of Islamic Microfinance, AlHuda CIBE is conducting international awards so that the Islamic microfinance institutions are encouraged and those institutions that have worked hard for the promotion of Islamic Microfinance.

The award ceremony will take place in Nairobi, the capital of Kenya, on the eve of 9th November 2016. Awards will be given in recognition to the services provided by the people in Microfinance industry. Categories like Best Islamic Microfinance Bank, Best Islamic Microfinance Institution, Best Technology provider for Islamic Microfinance, Micro Takaful, Best Mobile Banking Product, Best Rural Finance Product and more are part of the awards.

Focusing on the main purpose of arranging this award ceremony, Mr. Muhammad Zubair Mughal, Chief Executive officer - AlHuda CIBE said that we want to promote Islamic microfinance. He said that awards are normally given in the fields of Microfinance, Islamic Banking, Takaful and others but not much institutes are present for the promotion of Islamic Microfinance. AlHuda CIBE has taken this responsibility and has announced these awards on international level in 20 different categories, whose nominations will be received till 30th October, 2016.

He further added that the award ceremony will be conducted along with the 6th Global Islamic Microfinance Forum which is on 8th and 9th November, 2016 in Kenya. Participants and speakers from more than 35 countries will be part of this forum so that final shape can be given to the policies and Shariah standards related to Islamic Microfinance. For more information regarding the Islamic Microfinance Forum, please visit the website given below:

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 eleven (11) years. The prime goal has always been to remain stick to the commitments and provide state-of-the-art Advisory Consultancy and Educational services 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. For further Details about AlHuda CIBE, please visit:

For Media Contact:
Ms. Shaguftta Perveen
Manager Communications,
Call: +92 42 35913096 - 98

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