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The Global Islamic Microfinance Forum Ready to Set New Standards The Forum will determine the Standards and strategic policies for Sustainable Islamic Microfinance Development.
September 16, 2013.
(Pakistan) The Global Islamic Microfinance Forum on Islamic Microfinance is going to be held in U.A.E on 6th October, 2013 in which the delegates of more than 30 countries are expected. The purpose of Forum is to introduce Islamic Microfinance in the global canvas as an effective tool for poverty alleviation and Social development, to set its standards, to develop Islamic Microfinance internationally and to have dialogue with International Donor/Development agencies for sustainable development. Two days specialized workshop is being arranged after the forum in which the Shariah standards and marketing strategies to develop, operate and sustain Islamic Microfinance Institutions will be discussed. It should be noted that this forum is being jointly arranged by AlHuda Centre of Islamic Banking and Economics (CIBE) and Akhuwat. Akhuwat is a Pakistan based institute which has distributed US $ 47.65 million amongst 300,000 families via Islamic Microfinance.
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Executive Director of Akhuwat, Mr. Amjad Saqib said that through this Forum, Islamic Microfinance will be introduced as a sustainable system around the world so that Islamic Microfinance could be properly utilized in order to take the world out of the darkness of poverty. While briefing about the purpose and aims of this Forum, Chief Executive Officer of AlHuda Centre of Islamic Banking and Economics, Mr. Muhammad Zubair Mughal said that poverty is going up due to the failure of present microfinance system whereas in order to solve this problem, whole world is looking towards Islamic Microfinance. He said that if Islamic Microfinance is not included in the strategies for alleviating poverty then
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