About AlHuda Centre of Islamic Banking and Economics About Akhuwat

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2 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 Products Development. Our specialized and research oriented publications are another source of knowledge delivery. For further details, please visit: 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. Akhuwat s 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, Akhuwat s total disbursements have now become reached about Rs. 2 billion. For further details, please visit:

3 An incredible tool for poverty alleviate About 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. 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. Need Assessment of 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 in Muslim Majority countries for financial inclusion. Right now, there are about 300 Institution, working globally in 32 countries. have proven track record that it deals with long lasting & complete solutions for Sustainability.

4 An incredible tool for poverty alleviate Event Summary th Last year, AlHuda CIBE has convened Global Forum on December 8, 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 arouse rd the need of micro financing as a whole. AlHuda-CIBE is going to arrange 3 International Conference on entitled as Global Forum that will be th th held on October 6 at Dubai, U.A.E with Two Days Post Event Training Workshops on October 7 th and 8, 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 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: Promoting awareness of among the masses, government and Non Governmental Sectors and Multilateral Donor agencies. Promote Model which is compatible with the models being used in Conventional Microfinance. Create a more favorable environment for at national and international level To promote Islamic microfinance as a social phenomenon instead of business oriented model Gain global practices on Islamic microfinance through learned national and international scholars and experts To recognize as sustainable system worldwide Awareness of system as sustainable and viable solution for poverty alleviation Buildup the recognition of system, for the encouragement of practitioners/microfinance institutions/ donor agencies/ Government institutions To provide a Platform to start a dialogue with multilateral donor organizations and Microfinance Network Providing innovative knowledge of the various aspects of Islamic microfinance To provide the opportunities for collaborations/partnerships with donor agencies, Islamic banks and Institutions/Networks. To ensure continued growth of Institutes

5 An incredible tool for poverty alleviate 2nd Global Forum Speakers December 08, Dubai World Trade Centre - UAE. 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 Mr. Mashesh Jayanarayan CEO and Director of Several Public and Private Companies Founder of UMEX Capital Markets Group - UK Mr. Kavilash Chawla Managing Director Nur Global Strategies U.S.A Aziz Ur Rehman Manager-Shariah Mawarid Finance Dubai Zaigham Mehmood Rizvi Renowned International Expert Islamic Banking & Housing Finance Washington - U.S.A Mr. Pervez Nasim Managing Director & CEO Ansar Financial and Development Corporation Canada Mr. Abdul Samad Shairah Advisor Bank of Khyber - Pakistan Syed Hussnain Haider Project Director of Akhuwat University Jamal D. Harwood Renowned Finance Expert - Canada Abu Bakar Siddique Chief Coordinator -Akhuwat, Pakistan Junaid Farid Manager Consultant - Akhuwat Pakistan Mr. Jamal D. Harwood Renowned Finance Expert - Canada Mr. Mamode Raffick Nabee Mohomed Founder/ Secretary Al Barakah Multi-purpose Co-operative Society Limited - Mauritius Mohamed El Mehdi Zidani Author -"An Islamic Analysis of the Grameen Bank" Director Baraka Editions Humayun Saeed Jamshed Senior Director Marketing SAB International FZ LLC UAE Ms. Gulnora Yakubova Operation Director LLCMDO ARVAND - Tajikistan. Dr. Tariq Cheema Chief Executive Officer World Congress of Muslim Philanthropists - U.S.A Mr. Hamad Rasool Director Research AlHuda Centre of Islamic Banking and Economics - Pakistan For Speaking and Sponsorship please Contact: info@alhudacibe.com

6 An incredible tool for poverty alleviate Event Agenda Inaugural Session Recitation from Holy Quran Welcome Address Inaugural & Key Note Address Technical Session I: Conceptual Framework & Policies for Shari'ah foundation & Application of Compatibility of with other MF models as an effective tool of poverty alleviation Donors reluctance towards : Causes and Solutions Zakah, Waqf & Co-operative Models for Technical Session II: Qard-e-Hasn Model for Akhuwat Model Adding new dimensions in Microfinance Salient Features Linking Microfinance with business community Replicating Akhuwat Model - Challenges & Benefits Impact assement Impact assessment - A Case Study of Akhuwat Session III: Power Table - Panel Discussion - Current Status, Strategies and Future Potential of What are the Global efforts and Achievements in? What are the barriers to adoption of globally? And how to resolve them? What are the Potential Instruments? Exploring The Models Available 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 Technical Session IV: Outreach & Sustainability of Impact of for Rural Development & Social Uplifting Empowering by fulfilling Social and Development expectations MicroTakaful Shari'ah Compliant solution of Micro Insurance I.T solutions to strengthened Industry Integration of Mobile Banking with : Ensuring access to finance for unbanked through. Declaration of the Conference

7 An incredible tool for poverty alleviate Two Days Post Event Workshop on Shari'ah Principles, Operational Mechanism and Marketing Strategies of 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. as an effective tool for sustainable development. Exploring the 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 Banks/Institutions. ( Modarabah & Musharaka) Use of Zakah and Establishment of Waqf for Building up the Institutions Use of Zakah, Waqf and Co-operative models in. Utilization of Waqf concept for the development of the development and Strengthened the Extending the product line and product October 07-08, 2013 development in Islamic microfinance. Innovation, Development & Opportunities in Modernization in Microfinance Alternative delivery channels Role of I.T for the Development of Need of Product Diversification in Product innovation and product Mix of Donors unwillingness towards Islamic Microfinance: Causes and Solutions Marketing Strategies of. How to market products? How to ensure that your products are authentically Islamic and how to convince your clients? Is for Muslims? A big Misconception Effective donor strategies to support 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

8 An incredible tool for poverty alleviate Who should attend this Forum? Microfinance Institutions & Banks Local and International Donor s Agencies Rural Support Programs Islamic and conventional Banks Insurance and Takaful Companies SMEs & Corporative Societies NGOs and NPOs Microfinance Professionals and Experts Academia Philanthropist and Investors Regulators and Govt. Officials Shari ah Scholars and Experts Promotional and Marketing Opportunities No Company can afford to miss this Great Interactive Marketing Opportunity! 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.

9 Centre of Islamic Banking and Economics December 08, Dubai World Trade Centre - UAE. An Incredible tool for poverty alleviation Organized by In Association with June 13, 2011 at Faisal Mosque Auditorium, Islamabad - Pakistan

10 Shariah Compliant Solutions for Microfinance Centre of Excellence in Our Services in Product Development Training & Capacity Building Research and Innovation Publications & Reports Shariah Advisory Networking and Awareness For Registration Please Contact AlHuda Centre of Islamic Banking and Economics 192-Ahmed Block, New Garden Town, Lahore - Pakistan Ph: (+92-42) Fax: (+92-42) info@alhudacibe.com Web: