Global Islamic Microfinance Profile New

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Azerbaijan Micro-finance Association (AMFA)

BUSINESS

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 250 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

Key Objectives of this Forum


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. Islamic Microfinance Global Forum aims at evaluating the state-of-the-art knowledge in the field of Islamic Microfinance. Over the course of this forum, participants will have the opportunity to be trained from learned Professionals, Experts, and Panelists and to learn many things by their experiences through sessions, speeches and presentations designed under different tracks within the specific subject. The core objectives of this Forum are:

s Promoting awareness of Islamic Microfinance among the masses, government and Non

Governmental Sectors and Multilateral Donor agencies


s Promote Islamic Microfinance Model which is compatible with the models being used in

Conventional Microfinance s Create a more favorable environment for Islamic Microfinance at national and international level s To promote Islamic microfinance as a social phenomenon instead of business oriented model s Gain global practices on Islamic microfinance through learned national and international scholars and experts s To recognize Islamic Microfinance as sustainable system worldwide sAwareness of Islamic Microfinance system as sustainable and viable solution for poverty alleviation s Buildup the recognition of Islamic Microfinance system, for the encouragement of practitioners/microfinance institutions/ donor agencies/ Government institutions s To provide a Platform to start a dialogue with multilateral donor organizations and Microfinance Network s Providing innovative knowledge of the various aspects of Islamic microfinance s To provide the opportunities for collaborations/partnerships with donor agencies, Islamic banks and Islamic Microfinance Institutions/Networks. s To ensure continued growth of Islamic Microfinance Institutes

Islamic Microfinance An incredible tool for poverty alleviate

Speakers
Dr. Amjad Saqib Executive Director Akhuwat Lahore, Pakistan Iyad (Mohamad Ali) Salim Nabulsi Microfinance Development Specialist UNDP United Nations Development Programme Palestine Mrs. Farida Toor Tariq Chief Executive Officer Centre for Women Co-Operative Development (CWCD) Lahore, Pakistan? Aziz Ur Rehman Manager-Shariah Mawarid Finance Dubai Mr. Shahid I. Mohammed President Naymet Islamic Microfinance. Pakistan. Mr. Zubair Mughal Chief Executive Officer AlHuda Centre of Islamic Banking and Economics Lahore, Pakistan Muhammad Saleem Ranjha Director Akhuwat Mr. Abdul Samad Shairah Advisor Bank of Khyber Pakistan Alpysbay Edige Executive Director - Zakat Fund Govt. of Kazakhstan. Mr. Jamal D. Harwood Renowned Finance Expert. Canada. Mr. Hamad Rasool Director Research AlHuda Centre of Islamic Banking and Economics Pakistan Zaigham Mehmood Rizvi Renowned International Expert Islamic Banking & Housing Finance Washington U.S.A Justice (R) Khalil Ur Rehman Shariah Advisor AlBaraka Islamic Bank Chairmen Punjab Halal Development Agency Govt. of Pakistan Dr. Mohammed R. Kroessin International Programmes Division, Global Microfinance Advisor Islamic Relief Worldwide United Kingdom.s Mr. Kavilash Chawla Managing Director Nur Global Strategies U.S.A Mohammed Alhassan Abu Chief Executive Officer Sidikan Business Services Ghana, West Africa Mr. Mamode Raffick Nabee Mohomed Founder/ Secretary Al Barakah Multi-purpose Co-operative Society Limited Mauritius Mr. Pervez Nasim Managing Director & CEO Ansar Financial and Development Corporation Canada Mr. Jubril Salaudeen Chief Executive Officer Secure Huda Pvt. Limited Nigeria. Mr. Nana Opare-Djan Projects / Microfinance Unit & Executive Director Kraban Support Foundation Ghana Mohamed El Mehdi Zidani Author -"An Islamic Analysis of the Grameen Bank" Director Baraka Editions Farid Feroz Ali Muhammad Ali Premani CEO, Chief Consultant Aleedex International Pakistan

Islamic Microfinance An incredible tool for poverty alleviate

Event Agenda
8:00 am to 8:30 am Registration & Welcome

Session I: Inaugural Session


Recitation from Holy Quran Welcome Address from Dr. Amjad Saqib, Executive Director AKHUWAT Guest of Honor H.E Ambassador of Pakistan for U.A.E Justice Justice Khalil ur Rehman Shariah Advisor AlBaraka Bank Limited Chairmen Punjab Halal Development Agency - Pakistan Vote of Thanks - Mr. M. Zubair Mughal Chief Executive Officer, AlHuda CIBE 09:00 am to 09:30 am Networking and Tea Break

8:30am - 09:00am

Session - II: Conceptual Framework & Policies for Islamic Microfinance


09:30am - 09:50am

Dr. Mohammed R. Kroessin


Global Microfinance Advisor Islamic Relief Worldwide - United Kingdom Topic: Setting The Future Research Agenda For Islamic Microfinance: Establishing The Evidence Base For Impact And Sustainability

10:10am - 10:30am

Mr. Kavilash Chawla


Managing Director Nur Global Strategies - U.S.A Topic: The Arab Spring and its Implications for Islamic microfinance Policy perspective

10:30am - 10:45am

Q & A Session

09:50am - 10:10am

Iyad (Mohamad Ali) Salim Nabulsi


Microfinance Development Specialist United Nations Development Program ( UNDP ) - Palestine Topic: Conventional MFIs conversion toward Islamic Microfinance Palestine experience

10:45am - 11:00am

Concluding Remarks from Session Chairman

Dr. Tariq Cheema


Chief Executive Officer World Congress of Muslim Philanthropists U.S.A

Session III- The Akhuwat Model -Poverty Alleviation through Qarz-e-Hassana


11:00am -11:20am

Mr. Muhammad Saleem Ranjha


Director Akhuwat Topic: Adding New Dimensions in Microfinance: Salient Features of the Qarz-e-Hassan Model

11:40pm - 12:00pm

Q & A Session Discussant: Dr Amjad Saqib Executive Director, Akhuwat

12:00pm - 12:15pm

Concluding Remarks from Session Chairman

11:20am - 11:40am

Mr. Pervez Nasim


Chairmen & CEO Ansar Financial and Development Corporation - Canada. Topic: The Canadian Co-Operative Model of Interest-Free Home Financing and Investments

Mrs. Farida Tariq


Chief Executive Officer Wasil Foundation Pakistan.

Islamic Microfinance An incredible tool for poverty alleviate

12:15 pm to 01:30 pm

Lunch and Prayer Break

Session -IV: Power Table- Current Status & Future Potential & Shariah Issues of Islamic Microfinance
Moderator: 01:30pm - 02:30pm

Mr. Abdul Samad


Shariah Advisor - The Bank of Khyber Pakistan

Panelist
Mr. Mohamed El Mehdi Zidani
Author -"An Islamic Analysis of the Grameen Bank" Director Baraka Editions France.

Mr. Edige Alpysbay


Director - Kazakhstan Zakat Fund Kazakhstan Aziz Ur Rehman Manager Shariah Mawarid Finance Dubai

Mohammed Alhassan Abu


Chief Executive Officer Sidikan Business Services Ghana, West Africa

02:30pm - 02:45pm

Q & A Session

02:45pm - 03:00pm

Concluding Remarks from Session Chairman Mr. Zaigham Mehmood Rizvi Renowned International Expert Islamic Banking & Housing Finance - Washington U.S.A

03:00pm to 03:15pm

Tea & Prayer Break

Technical Session - V: Outreach & Sustainability of Islamic Microfinance


03:15pm 03:30pm
Mr. Mamode Raffick Nabee Mohomed Founder/ Secretary, Al Barakah Multi-purpose Co-operative Society Limited, Mauritius. Topic: Islamic Microfinance through Cooperatives.

04:00pm 4:15pm

Mr. Jubril Salaudeen Chief Executive Officer Secure Huda Pvt. Limited Nigeria. Topic: Adopting Islamic Microfinance Operations Among Rural Women to Achieve Food Sufficiency

03:30pm 03:45pm

Mr. John D. Harwood Renowned Finance Expert. Canada. Topic: Islamic Solution to financial crises.

04:15pm 04:30pm

Q & A Session

03:45pm 04:00pm

Mr. Nana Opare-Djan Projects & Microfinance Unit & Executive Director Kraban Support Foundation Ghana Topic: Islamic Microfinance and Mobile Money Technology Transfer: An Anti Poverty-Lending Tool For Developing Communities.

04:30pm - 04:45pm

Concluding Remarks from Session Chairman ( to be confirmed shortly )

04:45pm - 05:00pm

Certificate Distribute Ceremony

Forum End

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 December 09-10, 2012
Shari'ah Principles and their Application in Microfinance Conceptual Framework of Islamic Microfinance Islamic principles of Micro financing, needed to adhere to when operating under Shari'ah law Compatibility of Microfinance Models with Islamic Microfinance. Islamic Microfinance as an effective tool for sustainable development. Exploring the Islamic Microfinance Products: Murabaha, Salam, Istisna, Diminishing, Mudarabahah, Musharakah and Ijarah Murabaha as Ideal financing mode in Micro/Rural finance sector Salam: Its mechanism and practical implications for Microfinance Sector. Istisna: Shari'ah ruling and its compliance with standards Ijarah: As an alternative to conventional Micro leasing Diminishing Musharaka A Shariah Compliant Instrument for Micro Housing Finance. Deposit Management Techniques for Islamic Microfinance Banks/Institutions. ( Modarabah & Musharaka) Use of Zakah and Establishment of Waqf for Building up the Islamic Microfinance Institutions Use of Zakah, Waqf and Co-operative models in Islamic Microfinance. Utilization of Waqf concept for the development of the development and Strengthened the Islamic Microfinance Extending the product line and product development in Islamic microfinance. Innovation, Development & Opportunities in Islamic Microfinance Modernization in Microfinance Alternative delivery channels Role of I.T for the Development of Islamic Microfinance Need of Product Diversification in Islamic Microfinance Product innovation and product Mix of Islamic Microfinance Donors unwillingness towards Islamic Microfinance: Causes and Solutions Marketing Strategies of Islamic Microfinance. How to market Islamic Microfinance products? How to ensure that your products are authentically Islamic and how to convince your clients? Is Islamic Microfinance for Muslims ? A big Misconception Effective donor strategies to support Islamic Microfinance Islamic Insurance (MicroTakful ) & Risk Management Techniques in Islamic Microfinance Islamic Insurance ( MicroTakaful ) An effective tool for Sustainable Development. Risk Management Techniques for Islamic Microfinance BancaTakaful Channelize the MicroTakaful Products with Islamic Microfinance Institution Case Studies

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.

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

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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: [email protected] Web: www.alhudacibe.com

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