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AlHuda CIBE - 3rd GIMF Report

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I s l a m i c

MMiiccrroofinanceN e t w o r k

Center of Excellence in

Islamic Microfinance

Azerbaijan Micro-finance Association



rbaycan Mikromaliyy



providing sustainable solutions...purely for the love of Allah


Helping HandNational Rural Development Program

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 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.

thLast 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

rdarouse 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

thbe held on October 6 at Dubai, U.A.E with Two Days Post Event Training Workshops on October th th7 and 8 , 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 level4To 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 experts4To recognize Islamic Microfinance as sustainable system worldwide4Awareness 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 institutions4To provide a Platform to start a dialogue with multilateral donor organizations and Microfinance Network4Providing innovative knowledge of the various aspects of Islamic microfinance4To 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 HONORHer Excellency

Dr. Fatima Mohamed Yousif Al-BalooshiMinister of Social Development Kingdom of Bahrain

Dr. Amjad SaqibExecutive Director - Akhuwat

Lahore, Pakistan

Mr. Zubair MughalChief Executive Officer

AlHuda Centre of Islamic Banking and Economics - Lahore, Pakistan

Justice (R) Khalil Ur RehmanShariah Advisor – AlBaraka Islamic Bank

Chairmen – Punjab Halal Development Agency Govt. of Pakistan

Mufti BarkatullaSharia Advisor, Islamic Bank of Britain,

London, United Kingdom

Aziz Ur RehmanManager-ShariahMawarid Finance


Zaigham Mehmood RizviRenowned International Expert

Islamic Banking & Housing FinanceWashington - U.S.A

Mr. Pervez NasimManaging Director & CEO

Ansar Financial and Development CorporationCanada

Mr. Muhammad Saleem RanjhaDirector, Akhuwat,Lahore -Pakistan.

Dr. Mohammed kroessinGlobal microfinance advisor,

Islamic relief worldwide,United Kingdom.

Mana Hermith RameshRetail Banking Division,

Business Head-Bancassurance, Silk Bank Limited Karachi - Pakistan

Dr. Haroon Ur Rashid KhanAsst. Professor, Finance,

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

Mr. Rehan Ahmed President, Super Technologies Inc.,


Dr. Ali Hilal AlbaqoumThe Hashmite Fund For Development

of Jordan Badia-Jordan

Dr. Shakir UllahAssistant Professor of Finance & Islamic Banking,

Institute of Management Sciences,Peshawar- Pakistan

Mr. Abdul SamadShairah Advisor

Bank of Khyber - Pakistan

Mr. Osman AurakzaiHead of Research & Development Center,

Bank Al Jazira - Jeddah.

Mr. Tawfique Al-MubarakResearch Fellow,

International Institute of Advanced Islamic Studies (IAIS), Malaysia

Mr. Shah FahadVice President/Head-Strategic Marketing

& Product Development,Islamic bank of Thailand, Bangkok

Mohamed El Mehdi ZidaniDirector,

Baraka Editions - France

Dr. Ajaz Ahmed Khan Microfinance Advisor,

CARE International, Kishanganj, United Kingdom.

Ms. Thamina AnwarFounder and CEO, Awqaf New Zealand,

New Zealand

Deden AmwarSupervisor Of PPSDMS Nf Bandung RegionStrategic Human Resources Development Program (Bahasa: Program Pembinaan

Sumber Daya Manusia Strategis, Indonesia

Mr. Fahmi AtriadiSocial Activist and National Grantee

(Dompet Dhuafa)Alumni (PPSDMS), Strategic Human

Resources Development Program, Indonesia

Mamode Raffick Nabee MohomedFounder & Secretary

Al Barakah Multi-purpose Cooperative Society Limited, Mauritius

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. Khobaib A VahedyCountry Director

Muslim AidUnited Kingdom

Mr. Mahesh Kumar JayanarayanChairman & CEO

Umex Capital Market Group LTDUnited Kingdom

Inaugural Sessionn Recitation from Holy Quran

n Welcome Address

n 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

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

“How to Develop, Operate and Sustain Islamic Microfinance Institutions”

October 07-08, 2013

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

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 Donor’s 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: [email protected]

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.

Date:_______________ Signature: ____________________________

2. Conference FeeConference 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 PolicyvFive or more delegates from the same organization - 20% discount

4. Account details form paymentYou can proceed your fee by cheque or demand draft in favourof AlHuda CIBE or you can also transfer your fee online/wiretransfer. Banks detail is as under:

For International Participants (Dollar Account)Beneficiary Name: Al HudaBeneficiary A/C #: 0204-02000000247Bank Name: Meezan Bank Ltd, Lahore - Pakistan.Branch Address: Garden Town Branch, Lahore, Punjab – PakistanBank Swift Code MEZNPKKACorresponding Bank: Habib American BankAccount #: 20729815SWIFT ADDRESS: HANYUS33

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

For Pakistan's Participants.Title of Account: AlHuda CIBEBank Name: Meezan Bank Limited.Branch Name: Garden Town Branch, Lahore -Pakistan A/c No: 02000000247SWFIT code: MEZNPKKA

(Branch Code: 0204)

** Please state the conference name and the full name of the participant on the reverse of the cheque. 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) Ltd192 Ahmed Block, New Garden Town, Lahore - Pakistan. Phone: +92-42 35913096/8, Fax: +92-42 35913056Email: [email protected], Web: www.alhudacibe.com

Registration Form


June 13, 2011 at Faisal Mosque Auditorium, Islamabad - Pakistan

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

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

For Registration Please Contact