Islamic

Microfinance
N e t w o r k

Az rbaycan Mikromaliyy Assosiasiyas

Center of Excellence in
Islamic Microfinance
Azerbaijan Micro-finance Association

providing sustainable solutions...

purely for the love of Allah

National Rural
Development Program

Helping Hand

Islamic
Finance

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.

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.

th

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

GUEST OF HONOR
Her Excellency
Dr. Fatima Mohamed Yousif Al-Balooshi
Minister of Social Development Kingdom of Bahrain

Mufti Barkatulla
Sharia Advisor, Islamic Bank of Britain,
London, United Kingdom

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

Aziz Ur Rehman
Manager-Shariah
Mawarid Finance
Dubai

Mr. Pervez Nasim

Managing Director & CEO
Ansar Financial and Development Corporation
Canada

Mr. Muhammad Saleem Ranjha

Director, Akhuwat,
Lahore -Pakistan.

Dr. Mohammed kroessin

Global microfinance advisor,
Islamic relief worldwide,
United Kingdom.

Zaigham Mehmood Rizvi

Renowned International Expert
Islamic Banking & Housing Finance
Washington - U.S.A

Mr. Abdul Samad

Shairah Advisor
Bank of Khyber - Pakistan

Mr. Osman Aurakzai

Head of Research & Development Center,
Bank Al Jazira - Jeddah.

Mr. Tawfique Al-Mubarak

Research Fellow,
International Institute of Advanced Islamic
Studies (IAIS), Malaysia

Mr. Shah Fahad

Vice President/Head-Strategic Marketing
& Product Development,
Islamic bank of Thailand, Bangkok

Mohamed El Mehdi Zidani

Director,
Baraka Editions - France

Dr. Shakir Ullah

Assistant Professor of Finance & Islamic Banking,
Institute of Management Sciences,
Peshawar- Pakistan

Mana Hermith Ramesh

Retail Banking Division,
Business Head-Bancassurance,
Silk Bank Limited Karachi - Pakistan

Dr. Haroon Ur Rashid Khan

Asst. Professor, Finance,
King Abdulaziz University, Jeddah, Ksa/
Sysco Solutions, Sas, France. Jeddah

Mr. Rehan Ahmed President,

Super Technologies Inc.,
U.A.E.

Dr. Ali Hilal Albaqoum

The Hashmite Fund For Development
of Jordan Badia-Jordan

Dr. Ajaz Ahmed Khan

Microfinance Advisor,
CARE International, Kishanganj,
United Kingdom.

Ms. Thamina Anwar

Founder and CEO, Awqaf New Zealand,
New Zealand

Mamode Raffick Nabee Mohomed

Founder & Secretary
Al Barakah Multi-purpose Cooperative
Society Limited, Mauritius

Deden Amwar
Supervisor Of PPSDMS Nf Bandung Region
Strategic Human Resources Development
Program (Bahasa: Program Pembinaan
Sumber Daya Manusia Strategis, Indonesia

Mr. Fahmi Atriadi

Social Activist and National Grantee
(Dompet Dhuafa)
Alumni (PPSDMS), Strategic Human
Resources Development Program, Indonesia

Mr. Khobaib A Vahedy

Country Director
Muslim Aid
United Kingdom

Zeinoul Abedien Cajee

Founding CEO/ Management Board,
National Awqaf Foundation of South Africa,
South Africa

Mrs. Rohana Binti Abdul Munim

General Manager - Malaysia Branch,
Path Solutions,
Malaysia.

Mr. Atef Ebrahim

Chief Executive Officer,
Family Bank,
Bahrain.

Mr. Mahesh Kumar Jayanarayan

Chairman & CEO
Umex Capital Market Group LTD
United Kingdom

Inaugural Session
n

Recitation from Holy Quran

Welcome Address
Inaugural & Key Note Address

Technical Session I: Impact Assessment and Future Potential of Islamic Microfinance

Islamic Microfinance Global Scenario & Development.
Islamic Microfinance Products & their Compatibility with Conventional Microfinance
Lending Models
Shari'ah Principles, Operational Mechanism and Marketing Strategies of Islamic
Microfinance
Innovation, Impact Assessment and Future Potential of Islamic Microfinance
Zakah, Waqf & Co-operative Models for Islamic Microfinance
Technical Session II: Qard-e-Hasn Model for Islamic Microfinance
Akhuwat Model Adding new dimensions in Microfinance Salient Features
Linking Microfinance with business community
Replicating Qarz-e-Hassan Model - Challenges & Benefits
Impact assessment - A Case Study
Technical Session III: Power Table - Panel Discussion: Challenges and Opportunities for
Islamic Microfinance Industry.
What are the barriers to adoption of Islamic Microfinance globally? And how to resolve
them?
Initiatives needed in designing a framework for policy making for the expansion of Islamic
Microfinance
The key bottleneck in the strategies which constraints the growth of Islamic Microfinance
Role of IDB and Islamic Microfinance Network (IMFN) for Development of Islamic
Microfinance Industry.
Donors reluctance towards Islamic Microfinance: Causes and Solutions
Technical Session IV: Outreach & Sustainability of Islamic Microfinance
Integration of Mobile/Branchless Banking with Islamic Microfinance
Empowering Islamic Microfinance by fulfilling Social and Development expectations
MicroTakaful: As an effective tool for poverty reduction
I.T solutions to strengthened Islamic Microfinance Industry
Youth Development and Vocational Literacy Programs through Islamic Microfinance
Declaration of the Conference

How to Develop, Operate and Sustain Islamic Microfinance Institutions

October 07-08, 2013

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

Microfinance 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

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.

For Further Details: info@alhudacibe.com

Registration Form

Please complete and return by e-mail, regular mail or fax.

Please note that the name and title you give here will be printed on participants list and on certificates.

Designation

2. Conference Fee
Conference fees include admission to conference sessions, tea/coffee, lunch, registration materials and Certificate.

Event Name

Fee for Pakistani(PKR)

Fee for Int'l (USD)

Conference Fee (October 06 , 2013)

Rs. 35,000

$950 ( 1 Day )

Workshop Fee (October 07-08, 2013)

Rs. 40,000

$995 ( 2 Days )

Conference + Workshop

Rs. 75,000

$ 1945

3. Discount Policy

4. Account details form payment

vFive or more delegates from the same organization - 20% discount

You can proceed your fee by cheque or demand draft in favour

of AlHuda CIBE or you can also transfer your fee online/wire
transfer. Banks detail is as under:

For International Participants (Dollar Account)

Beneficiary Name:
Beneficiary A/C #:
Bank Name:
Branch Address:
Bank Swift Code
Corresponding Bank:
Account #:
SWIFT ADDRESS:

Al Huda
0204-02000000247
Meezan Bank Ltd, Lahore - Pakistan.
Garden Town Branch, Lahore, Punjab Pakistan
MEZNPKKA
Habib American Bank
20729815
HANYUS33

** Please state the conference name and the full name of the participant on the reverse of the cheque.

5. Additional Instructions
vPayment Information Registration forms must be accompanied by full payment
in order to be processed.
vFull payment is due on registration
vRegistration will not be confirmed until full payment has received
vConfirmation Please allow 3 days for e-mail confirmation of your registration
vWe do not have any cancellation policy. if you are unable to attend, you may substitute
another individual place at no extra charge

Date:_______________ Signature: ____________________________

For Pakistan's Participants.

Title of Account:
Bank Name:
Branch Name:
A/c No:
SWFIT code:

AlHuda CIBE
Meezan Bank Limited.
Garden Town Branch, Lahore -Pakistan (Branch Code: 0204)
02000000247
MEZNPKKA

Payments should be made in Pakistani rupees or in Dollars.

By sending in this registration form, I acknowledge that I commit myself to the

immediate payment of the full conference fee. I have taken notice of the cancellation
terms on this form.

Return address: AlHuda CIBE (Pvt) Ltd

192 Ahmed Block, New Garden Town, Lahore - Pakistan.
Phone: +92-42 35913096/8, Fax: +92-42 35913056
Email: info@alhudacibe.com, Web: www.alhudacibe.com

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

Research and Innovation

Shariah Advisory

Networking and Awareness

Publications & Reports

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