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CENTRE OF ISLAMIC

BANKING & ECONOMICS



Head Office: 160 B Ahmed Block, Ph: +92-42-35913096-8 E-mail: info@alhudacibe.com
New Garden Town Lahore, Pakistan. Fax: +92 -42-35913056 Website: www.alhudacibe.com

Press Release
AlHuda CIBE extending its services to the USA market
Islamic Banking & Finance has a Bright Future in the United States:
Muhammad Zubair Mughal

25
th
June, 14
(Lahore) AlHuda Center of Islamic Banking and Economics (CIBE), continuing its commitment to bring
Islamic finance to the United States, announces a joint-training workshop in Islamic Banking and Finance in
conjunction with FAAIF and the University of New Orleans on October 06 and 07, 2014 in New Orleans,
Louisiana, USA. Al Huda CIBE, having conducted hundreds of successful training workshops all over the
world is excited to enter the American markets to bring fascinating and complex Islamic finance and
banking products and structures to the citizens of the United States.
Muhammad Zubair Mughal, Chief Executive Officer of AlHuda CIBE, said that Islamic Banking and Finance
has immense potential in the USA market and it has come up with a blooming prominence after the
emergence of International financial crisis, thereafter Islamic financial system has appeared as a
sustainable and reliable financial system in the world which does not have such flaws which were the root
causes of International financial crisis. He mentioned that about more than 30 Islamic financial institutions
are operating in the USA but the potential is much higher as USA is suppose to be regional hub for North
America, South America, Latin America and Caribbean countries, a handsome demand of Islamic financial
products already exist in Brazil, Argentina, Canada and others countries. American continent is dwelling 8
million approx Muslim population, amongst them Canada have 2% Muslim Population, 0.8% of the U.S.
population, Muslims constitute about 1 percent of the North American population and Argentina has the
largest Muslim population in Latin America with up to 2% of the population, which shows a big appetite of
Islamic financial products in the region.
He mentioned that we have chalked out a detailed strategy to penetrate into the region with our services
and this workshop is our entry point to introduce Islamic financial services in this region. He also mentioned
that the collaboration of University of New Orleans and FAAIF for upcoming workshop will further
strengthen our vision to achieve our optimum goal for the development of Islamic finance Industry.
FAAIF CEO Camille Paldi is looking forward to this tremendous opportunity to bring Islamic finance to the
people of the United States, which is her home country, and she is very much hopeful that the American
people are just as excited as she is about learning this distinct form of Holy Book finance. Not only does
Paldi hope to enrich the lives of US citizens, she aims to help US companies stay competitive in the
International financial markets and keep America strong #