Global Islamic Microfinance Profile New

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Azerbaijan Micro-financeAssociation (AMFA)

About AlHuda Centre of Islamic Banking and EconomicsAlHuda Centre of Islamic Banking and Economicsis a globally recognized name working in theareas of Islamic banking & finance andMicrofinance in order to provide specializedTrainings, Advisory and Research for the lastseven years with an aim to serve the communityby providing state-of-the-art Advisory,Consultancy and Education to masses through various wellrecognized modes i.e. Distance learning programs, TrainingsWorkshops, Awareness Programs and Islamic MicrofinanceProducts Development. Our specialized and research orientedpublications are another source of knowledge delivery.For further details, please visit: www.alhudacibe.com

About AkhuwatAkhuwat is dedicated to improve the lives of thepoor, especially those who are financiallyabused, abandoned and disregarded by society.It was established with the objective ofproviding Qard-e-Hasn or interest free Microfinance to the poorso as to enhance their standard of living. Drawing on principlesof social justice and brotherhood, Akhuwat strives to alleviatepoverty by creating a system based on mutual support in thesociety. Akhuwat’s philosophy is based on the principle ofQard-e-Hasn, helping someone in need with an interest-free loan,has been favored over charity. From a first loan of Rs. 10,000,Akhuwat’s total disbursements have now become reached aboutRs. 2 billion.For further details, please visit: www.akhuwat.org.pk

Islamic Microfinance – An incredible tool for poverty alleviate

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 Shari’ah 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 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.

About Islamic Microfinance

Need Assessment of Islamic Microfinance


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

Conventional Microfinances Create a more favorable environment for Islamic Microfinance at national and international

levels 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 expertss To recognize Islamic Microfinance as sustainable system worldwidesAwareness 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 institutionss To provide a Platform to start a dialogue with multilateral donor organizations and

Microfinance Networks Providing innovative knowledge of the various aspects of Islamic microfinances 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

Key Objectives of this Forum


Zaigham Mehmood RizviRenowned International Expert Islamic Banking & Housing FinanceWashington – U.S.A

Justice (R) Khalil Ur RehmanShariah Advisor – AlBaraka Islamic BankChairmen – Punjab Halal Development Agency – Govt. of Pakistan

Dr. Mohammed R. KroessinInternational Programmes Division, Global Microfinance AdvisorIslamic Relief WorldwideUnited Kingdom.s

Mr. Kavilash ChawlaManaging DirectorNur Global Strategies U.S.A

Mohammed Alhassan AbuChief Executive OfficerSidikan Business ServicesGhana, West Africa

Mr. Mamode Raffick Nabee MohomedFounder/ SecretaryAl Barakah Multi-purpose Co-operative Society LimitedMauritius

Mr. Pervez NasimManaging Director & CEOAnsar Financial and Development CorporationCanada

Mr. Jubril SalaudeenChief Executive OfficerSecure Huda Pvt. LimitedNigeria.

Mr. Nana Opare-DjanProjects / Microfinance Unit & Executive DirectorKraban Support FoundationGhana

Mohamed El Mehdi ZidaniAuthor -"An Islamic Analysis of the Grameen Bank"Director Baraka Editions

Farid Feroz Ali Muhammad Ali PremaniCEO, Chief ConsultantAleedex InternationalPakistan

Dr. Amjad SaqibExecutive DirectorAkhuwatLahore, Pakistan

Iyad (Mohamad Ali) Salim NabulsiMicrofinance Development SpecialistUNDP – United Nations Development ProgrammePalestine

Mrs. Farida Toor TariqChief Executive OfficerCentre for Women Co-Operative Development (CWCD)Lahore, Pakistan?

Aziz Ur RehmanManager-ShariahMawarid FinanceDubai

Mr. Shahid I. MohammedPresident Naymet Islamic Microfinance.Pakistan.

Mr. Zubair MughalChief Executive OfficerAlHuda Centre of Islamic Banking and EconomicsLahore, Pakistan

Muhammad Saleem RanjhaDirectorAkhuwat

Mr. Abdul SamadShairah AdvisorBank of KhyberPakistan

Alpysbay EdigeExecutive Director - Zakat FundGovt. of Kazakhstan.

Mr. Jamal D. Harwood Renowned Finance Expert.Canada.

Mr. Hamad RasoolDirector ResearchAlHuda Centre of Islamic Banking and EconomicsPakistan

Speakers


Event Agenda

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

8:30am - 09:00am

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

Session - II: Conceptual Framework & Policies for Islamic Microfinance

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

11:00am -11:20am

11:20am - 11:40am

Mr. Muhammad Saleem RanjhaDirector Akhuwat Topic: Adding New Dimensions in Microfinance: Salient Features of the Qarz-e-Hassan Model

Mr. Pervez NasimChairmen & CEOAnsar Financial and DevelopmentCorporation - Canada.Topic: The Canadian Co-Operative Model of Interest-Free Home Financing and Investments

11:40pm - 12:00pm

12:00pm - 12:15pm

Q & A Session

Discussant: Dr Amjad SaqibExecutive Director, Akhuwat

Concluding Remarks from Session Chairman

Mrs. Farida TariqChief Executive OfficerWasil Foundation Pakistan.

Mr. Kavilash ChawlaManaging DirectorNur Global Strategies - U.S.ATopic: The Arab Spring and its Implicationsfor Islamic microfinance Policy perspective

Q & A Session

Concluding Remarks from Session Chairman

Dr. Tariq CheemaChief Executive OfficerWorld Congress of Muslim PhilanthropistsU.S.A

10:10am - 10:30am

10:30am - 10:45am

10:45am - 11:00am

Dr. Mohammed R. Kroessin Global Microfinance AdvisorIslamic Relief Worldwide - United Kingdom Topic: Setting The Future Research AgendaFor Islamic Microfinance: Establishing The Evidence Base For Impact And Sustainability

Iyad (Mohamad Ali) Salim NabulsiMicrofinance Development SpecialistUnited Nations Development Program ( UNDP ) - PalestineTopic: Conventional MFIs conversion toward Islamic Microfinance Palestine experience

09:30am - 09:50am

09:50am - 10:10am


12:15 pm to 01:30 pm Lunch and Prayer Break

Session -IV: Power Table- Current Status & Future Potential & ShariahIssues of Islamic Microfinance

Moderator:

Mr. Abdul SamadShariah Advisor - The Bank of KhyberPakistan

01:30pm - 02:30pm

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

02:30pm - 02:45pm 02:45pm - 03:00pm

03:00pm to 03:15pm Tea & Prayer Break

Technical Session - V: Outreach & Sustainability of Islamic Microfinance

Mr. Mamode Raffick Nabee MohomedFounder/ Secretary,Al Barakah Multi-purpose Co-operative Society Limited, Mauritius.Topic: Islamic Microfinance through Cooperatives.

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

Mr. Nana Opare-DjanProjects & Microfinance Unit & Executive DirectorKraban Support Foundation GhanaTopic: Islamic Microfinance and Mobile Money Technology Transfer: An Anti Poverty-Lending Tool For Developing Communities.

03:15pm 03:30pm

03:30pm 03:45pm

03:45pm 04:00pm

Mr. Jubril SalaudeenChief Executive OfficerSecure Huda Pvt. LimitedNigeria.Topic: Adopting Islamic Microfinance Operations Among Rural Women to Achieve Food Sufficiency

Q & A Session

Concluding Remarks from SessionChairman ( to be confirmed shortly )

04:00pm 4:15pm

04:15pm 04:30pm

04:30pm - 04:45pm

•Mr. Mohamed El Mehdi ZidaniAuthor -"An Islamic Analysis of the Grameen Bank"Director Baraka Editions France.

•Mohammed Alhassan AbuChief Executive OfficerSidikan Business ServicesGhana, West Africa

Panelist

•Mr. Edige AlpysbayDirector - Kazakhstan Zakat FundKazakhstan

•Aziz Ur RehmanManager ShariahMawarid FinanceDubai

Q & A Session

Certificate Distribute Ceremony

Forum End04:45pm - 05:00pm


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 SolutionsMarketing 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 Is lamic 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

Two Days Post Event Workshop onShari'ah Principles, Operational Mechanism and Marketing Strategies of Islamic Microfinance

December 09-10, 2012


r Microfinance Institutions & Banksr Local and International Donor’s Agencies r Rural Support Programsr Islamic and conventional Banksr Insurance and Takaful Companiesr SMEs & Corporative Societiesr NGOs and NPOsr Microfinance Professionals and Expertsr Academia r Philanthropist and Investorsr Regulators and Govt. Officialsr Shari’ah Scholars and Experts

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 Donor’s Agencies ¥ NGOs and NPOs¥ Islamic and Conventional Banks¥ IT Companies ¥ Rating Agencies¥ Investment Banks¥ Local and Multinational Companies¥ REITs ¥ Financial Solutions Providers.

No Company can afford to miss this Great Interactive Marketing Opportunity!

Who should attend this Forum?

Promotional and Marketing Opportunities

Vis i t u s :www.a l h udac ibe . com/ imhd

Our Services in Islamic Microfinance

Shariah Compliant Solutions for Microfinance

Centre of Excellence inIslamic Microfinance

Islamic Microfinance ProductDevelopment

Training & Capacity Building

Shariah Advisory

Research and Innovation

Publications & Reports

Networking and Awareness

AlHuda Centre of Islamic Banking and Economics 192-Ahmed Block, New Garden Town, Lahore - PakistanPh: (+92-42) 35913096-98Fax: (+92-42) 35913056E-mail: [email protected] Web: www.alhudacibe.com

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Global Islamic Microfinance Profile New

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