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Islamic Microfinance An Incredible tool for poverty alleviation

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 Islamic Microfinance Products Development. Our specialized and research oriented publications are another source of knowledge delivery. For further details, please visit: www.alhudacibe.com

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 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. Akhuwats philosophy is based on the principle of Qarze Hasn, helping someone in need with an interest-free loan, has been favored over charity. From a first loan of Rs. 10,000, Akhuwats total disbursements have now become round about Rs. 2 billion in just eleven years. For further details, please visit: www.akhuwat.org.pk

Islamic Microfinance An Incredible tool for poverty alleviation

About Previous International Conference on Islamic Microfinance2011

AlHuda CIBE organized an International Conference on Islamic Microfinance on 13th of June, 2011 at Faisal Mosque, Islamabad. The conference was a great success. Vision of the conference was to create a value in the line of Islamic microfinance for the benefit of human kind and motive was to create awareness in the masses and International Market through this event. A good number of valued professionals attended the event and renowned speakers shared their valuable knowledge and experience. Some of the well-known speakers of the conference were Justice Khalil ur Rehman - Shariah Advisor - AlBarka Bank Pakistan, Mr. Jasim Sheikh- Project Manager IMED, Islamic Relief, Mr. Khobaib A Vahedy - Country Director, Muslim Aid Pakistan, Mr. Amjad Arbab - Chief Executive Officer, Shore Bank International, Mrs. Farida Toor Tariq - Chief Executive Officer, CWCD etc. The Media partners in this event were True Banking, Takaful (Islamic Insurance) Blog, Micro Capital, Business Islamica, The Islamic Globe, Microfinance Bulletin, Microfinance Focus, International Alternative Investment Review, TV One Global, Microfinance Africa, Noozz.com Bringing Business Closer, Microfinance Hub, ecPluse The Pulse of Economies and Shirkah whereas the sponsors and supporters were Akhuwat, Islamic Relief, Halal Research Council, Islamic Microfinance Network, Helping Hand for Relief and Development, Awqaf SA Empowering Communities, Muslim Aid Serving Humanity, Micro Enterprise Development, The Scottish Government, Pakistan Microfinance Network, Khwendo Kor, Naymet for Everyone. In continuity of the last years conference, AlHuda-CIBE is going to arrange a 2nd International Conference on Islamic Microfinance entitled as Global Islamic Microfinance Forum scheduled to be held on 8th December at Dubai, U.A.E.

Islamic Microfinance An Incredible tool for poverty alleviation

About Islamic Microfinance

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.

Need Assessment of Islamic Microfinance

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.

Islamic Microfinance An Incredible tool for poverty alleviation

Is Islamic Microfinance only for Muslims?

It is a misconception that only Muslims can opt. Islamic M i c ro f i n a n c e b u t n o n Muslims can also take the edge from Islamic microfinance for social sustainability worldwide. It is a best alternative to microfinance and a system which has to be extracted from the golden beam of Islam that covers all the qualities of micro financing by providing alternative solution. Non Muslims can also utilize this system to lessen poverty. In not only Muslim communities but also in the non Muslim societies, conventional interest based microfinance has being been rejected, principally of its noncompliance with the Islamic principles and practically on the issue of paying of interest or Riba, which is forbidden under the Shariah. This has somehow caused failure of agencies initiatives to overcome poverty and promote economic development through micro financing. Islamic Microfinance is a system not a Religion; it can be utilized & operated by both Muslims and Non-Muslim Communities for Poverty Alleviation and Social & Economic Development. Islamic Microfinance is very much compatible with the all the models which are being utilized in conventional microfinance like Grameen Model, Village Bank Model, Credit Union Model, Cooperative Model and Self-Help Group etc.

Islamic Microfinance An Incredible tool for poverty alleviation

Key Objectives of this Forum

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 agencies

s Promote Islamic Microfinance Model which is compatible with the models being

used in Conventional Microfinance s Create a more favorable environment for Islamic Microfinance at national and international level s 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 experts s To recognize Islamic Microfinance as sustainable system worldwide sAwareness 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 institutions s To provide a Platform to start a dialogue with multilateral donor organizations and Microfinance Network s Providing innovative knowledge of the various aspects of Islamic microfinance s 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

Islamic Microfinance An Incredible tool for poverty alleviation

Global Islamic Microfinance Forum

8 December, 2012 - Dubai, U.A.E
tH

Inaugural Session
s Recitation from Holy Quran s Welcome Address s Inaugural & Key Note Address

Technical Session I: Conceptual Framework & Policies for Islamic Microfinance

s s s s s

Shari'ah foundation & Application of Islamic Microfinance Compatibility of Islamic Microfinance with other MF models Islamic Microfinance as an effective tool of poverty alleviation Donors reluctance towards Islamic Microfinance: Causes and Solutions Zakah, Waqf & Co-operative Models for Islamic Microfinance

Technical Session II: Qard-e-Hassana Model for Islamic Microfinance

s Akhuwat Model Adding new dimensions in Microfinance Salient Features s Linking Microfinance with business community s Replicating Akhuwat Model Challenges & Benefits s A Case Study

Session III: Power Table - Panel Discussion - Current Status, Strategies and Future Potential of Islamic Microfinance
s What are the Global efforts and Achievements in Islamic Microfinance? s What are the barriers to adoption of Islamic Microfinance globally? And how to

resolve them? s What are the Potential Islamic Microfinance Instruments? Exploring The Islamic Microfinance Models Available s 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
sTechnical

Session IV: Outreach & Sustainability of Islamic Microfinance

s Impact of Islamic Microfinance for Rural Development & Social Uplifting

Islamic Microfinance An Incredible tool for poverty alleviation

Empowering Islamic Microfinance by fulfilling Social and Development expectations s MicroTakaful Shari'ah Compliant solution of Micro Insurance s I.T solutions to strengthened Islamic Microfinance Industry s Integration of Mobile Banking with Islamic Microfinance: Ensuring access to finance for unbanked through. Declaration of the Conference

Shari'ah Principles, Operational Mechanism and Marketing Strategies of Islamic Microfinance December 9-10, 2012

Two Days Post Event Workshop on

Event Agenda
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

Islamic Microfinance An Incredible tool for poverty alleviation

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

Islamic Microfinance An Incredible tool for poverty alleviation

Global Islamic Microfinance Forum

8 December, 2012 - Dubai, U.A.E
tH

Who should attend this Forum?

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
r Microfinance

Promotional and Marketing Opportunities

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.

Islamic Microfinance An Incredible tool for poverty alleviation

Registration Form

Global Islamic Microfinance Forum

8tH December, 2012
& Post Event Workshop on Shariah Principles and Marketing Strategies of Islamic Microfinance December 09 - 10, 2012, Dubai - U.A.E.
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.

1. Participant Information
Title______________________________ Prof. Dr. Other: _______________________________ Mr. Ms. Mrs.

First name__________________________________________________________________________________________________________________________________ Last name___________________________________________________________________________________________________________________________________ Organization ________________________________________________________________________________________________________________________________ Address______________________________________________________________________________________________________________________________________ Postal/Zip code________________________ City: _______________________________________________________________________________________________ Country: ___________________________________________________________________________________________________________________________________ Telephone: ________________________________________________________________________________________________________________________________ Fax: _____________________________ E-mail:___________________________________________________________________________________________________ Event you wish to join (Conference/ Workshop): _______________________________________________________________________________________

2. Conference Fee
Conference fees include admission to conference sessions, tea/coffee, lunch, registration materials and Certificate. Event Name Conference Fee (December 08 , 2012) Workshop Fee (December 9 - 10, 2012) Conference + Workshop Fee for Pakistani(PKR) Rs. 35,000 Rs. 40,000 Rs. 75,000 Fee for Int'l (USD) $750 ( 1 Day ) $745 ( 2 Days ) $ 1495

3. Discount Policy
vFive or more delegates from the same organization - 20% discount vEarly bird discount 20% (Before one month of the event.)

4. Account details form payment

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)

Title of Account: Bank Name: Branch Name: A/c No: SWFIT code: AlHuda Centre of Islamic Banking and Economics Standard Chartered Bank Garden Town Branch, Lahore -Pakistan 01-1647086 -01 SCBLPKKX

For Pakistan's Participants.

Title of Account: Bank Name: Branch Name: A/c No: SWFIT code: AlHuda CIBE Meezan Bank Limited. (Branch Code: 0204) Garden Town Branch, Lahore -Pakistan 02000000247 MEZNPKKA

** 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.

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.

6. Cancellation Policy

v Cancellation of participation must be received in writing and before November 25, 2012. v If the cancellation is received before the deadline, then it will be accepted and half amount of fee will be refunded. v The amount could not be refunded if the cancellation received after the deadline. v Registration cancellations will be subject to a $100 service fee. V After the cancellation deadline, no refunds will be granted. If you are unable to attend, you may substitute another individual in your place at no extra charge. 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.

Date:_____/_____/_______ Signature: _______________________________

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

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