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Document Sample
Azerbaijan Micro-finance
Association (AMFA)
BUSINESS
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 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: www.akhuwat.org.pk
Islamic Microfinance – An incredible tool for poverty alleviate
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 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 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 alleviate
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 alleviate
Speakers
Dr. Amjad Saqib Zaigham Mehmood Rizvi
Executive Director Renowned International Expert
Akhuwat Islamic Banking & Housing Finance
Lahore, Pakistan Washington – U.S.A
Iyad (Mohamad Ali) Salim Nabulsi Justice (R) Khalil Ur Rehman
Microfinance Development Specialist Shariah Advisor – AlBaraka Islamic Bank
UNDP – United Nations Development Chairmen – Punjab Halal Development
Programme Agency – Govt. of Pakistan
Palestine
Dr. Mohammed R. Kroessin
Mrs. Farida Toor Tariq International Programmes Division, Global
Chief Executive Officer Microfinance Advisor
Centre for Women Co-Operative Development Islamic Relief Worldwide
(CWCD) United Kingdom.s
Lahore, Pakistan?
Mr. Kavilash Chawla
Aziz Ur Rehman Managing Director
Manager-Shariah Nur Global Strategies
Mawarid Finance U.S.A
Dubai
Mohammed Alhassan Abu
Mr. Shahid I. Mohammed Chief Executive Officer
President Sidikan Business Services
Naymet Islamic Microfinance. Ghana, West Africa
Pakistan.
Mr. Mamode Raffick Nabee Mohomed
Mr. Zubair Mughal Founder/ Secretary
Chief Executive Officer Al Barakah Multi-purpose Co-operative
AlHuda Centre of Islamic Banking and Society Limited
Economics Mauritius
Lahore, Pakistan
Mr. Pervez Nasim
Muhammad Saleem Ranjha Managing Director & CEO
Director Ansar Financial and Development Corporation
Akhuwat Canada
Mr. Jubril Salaudeen
Mr. Abdul Samad Chief Executive Officer
Shairah Advisor Secure Huda Pvt. Limited
Bank of Khyber Nigeria.
Pakistan
Mr. Nana Opare-Djan
Alpysbay Edige Projects / Microfinance Unit & Executive
Executive Director - Zakat Fund Director
Govt. of Kazakhstan. Kraban Support Foundation
Ghana
Mr. Jamal D. Harwood Mohamed El Mehdi Zidani
Renowned Finance Expert. Author -"An Islamic Analysis of the Grameen
Canada. Bank"
Director Baraka Editions
Mr. Hamad Rasool Farid Feroz Ali Muhammad Ali Premani
Director Research CEO, Chief Consultant
AlHuda Centre of Islamic Banking and Aleedex International
Economics Pakistan
Pakistan
Islamic Microfinance – An incredible tool for poverty alleviate
Event Agenda
8:00 am to 8:30 am Registration & Welcome
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
8:30am - 09:00am
• 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
09:30am - 09:50am Dr. Mohammed R. Kroessin 10:10am - 10:30am Mr. Kavilash Chawla
Global Microfinance Advisor Managing Director
Islamic Relief Worldwide - United Kingdom Nur Global Strategies - U.S.A
Topic: Setting The Future Research Agenda Topic: The Arab Spring and its Implications
For Islamic Microfinance: Establishing for Islamic microfinance Policy perspective
The Evidence Base For Impact And
Sustainability 10:30am - 10:45am Q & A Session
09:50am - 10:10am Iyad (Mohamad Ali) Salim Nabulsi 10:45am - 11:00am Concluding Remarks from Session
Microfinance Development Specialist Chairman
United Nations Development Program Dr. Tariq Cheema
( UNDP ) - Palestine Chief Executive Officer
Topic: Conventional MFIs conversion toward World Congress of Muslim Philanthropists
Islamic Microfinance Palestine experience U.S.A
Session III- The Akhuwat Model -Poverty Alleviation through Qarz-e-Hassana
11:00am -11:20am Mr. Muhammad Saleem Ranjha 11:40pm - 12:00pm Q & A Session
Director Discussant: Dr Amjad Saqib
Akhuwat Executive Director, Akhuwat
Topic: Adding New Dimensions in
Microfinance: Salient Features of the
Qarz-e-Hassan Model 12:00pm - 12:15pm Concluding Remarks from Session
Chairman
11:20am - 11:40am Mr. Pervez Nasim Mrs. Farida Tariq
Chairmen & CEO Chief Executive Officer
Ansar Financial and Development Wasil Foundation Pakistan.
Corporation - Canada.
Topic: The Canadian Co-Operative Model
of Interest-Free Home Financing and
Investments
Islamic Microfinance – An incredible tool for poverty alleviate
12:15 pm to 01:30 pm Lunch and Prayer Break
Session -IV: Power Table- Current Status & Future Potential & Shariah
Issues of Islamic Microfinance
Moderator:
01:30pm - 02:30pm Mr. Abdul Samad
Shariah Advisor - The Bank of Khyber
Pakistan
Panelist
•Mr. Mohamed El Mehdi Zidani •Mr. Edige Alpysbay
Author -"An Islamic Analysis of Director - Kazakhstan Zakat Fund
the Grameen Bank" Kazakhstan
Director Baraka Editions France.
•Aziz Ur Rehman
•Mohammed Alhassan Abu Manager Shariah
Chief Executive Officer Mawarid Finance
Sidikan Business Services Dubai
Ghana, West Africa
Concluding Remarks from Session Chairman
Mr. Zaigham Mehmood Rizvi
02:30pm - 02:45pm Q & A Session 02:45pm - 03:00pm
Renowned International Expert
Islamic Banking & Housing Finance - Washington U.S.A
03:00pm to 03:15pm Tea & Prayer Break
Technical Session - V: Outreach & Sustainability of Islamic Microfinance
03:15pm 03:30pm Mr. Mamode Raffick Nabee Mohomed 04:00pm 4:15pm Mr. Jubril Salaudeen
Founder/ Secretary, Chief Executive Officer
Al Barakah Multi-purpose Co-operative Secure Huda Pvt. Limited
Society Limited, Mauritius. Nigeria.
Topic: Islamic Microfinance through
Topic: Adopting Islamic Microfinance
Cooperatives.
Operations Among Rural Women to
Achieve Food Sufficiency
03:30pm 03:45pm Mr. John D. Harwood
Renowned Finance Expert.
Canada. 04:15pm 04:30pm Q & A Session
Topic: Islamic Solution to financial crises.
03:45pm 04:00pm Mr. Nana Opare-Djan
04:30pm - 04:45pm Concluding Remarks from Session
Projects & Microfinance Unit & Chairman ( to be confirmed shortly )
Executive Director
Kraban Support Foundation Ghana
Topic: Islamic Microfinance and Mobile
Money Technology Transfer: An Anti
Poverty-Lending Tool For Developing
Communities.
Certificate Distribute Ceremony
04:45pm - 05:00pm
Forum End
Islamic Microfinance – An incredible tool for poverty alleviate
Two Days Post Event Workshop on
Shari'ah Principles, Operational Mechanism and Marketing Strategies of Islamic Microfinance
December 09-10, 2012
Shari'ah Principles and their Application in development in Islamic microfinance.
Microfinance Innovation, Development & Opportunities in
§ Conceptual Framework of Islamic Islamic Microfinance
Microfinance § Modernization in Microfinance
§ Islamic principles of Micro financing, Alternative delivery channels
needed to adhere to when operating § Role of I.T for the Development of
under Shari'ah law Islamic Microfinance
§ Compatibility of Microfinance Models § Need of Product Diversification in
with Islamic Microfinance. Islamic Microfinance
§ Islamic Microfinance as an effective tool § Product innovation and product Mix of
for sustainable development. Islamic Microfinance
Exploring the Islamic Microfinance Products: § Donors unwillingness towards Islamic
Murabaha, Salam, Istisna, Diminishing, Microfinance: Causes and Solutions
Mudarabahah, Musharakah and Ijarah Marketing Strategies of Islamic Microfinance.
§ Murabaha as Ideal financing mode in § How to market Islamic Microfinance
Micro/Rural finance sector products?
§ Salam: Its mechanism and practical § How to ensure that your products are
implications for Microfinance Sector. authentically Islamic and how to
§ Istisna: Shari'ah ruling and its convince your clients?
compliance with standards § Is Islamic Microfinance for Muslims ? A
§ Ijarah: As an alternative to conventional big Misconception
Micro leasing § Effective donor strategies to support
§ Diminishing Musharaka A Shariah Islamic Microfinance
Compliant Instrument for Micro Housing Islamic Insurance (MicroTakful ) & Risk
Finance. Management Techniques in Islamic
§ Deposit Management Techniques for Microfinance
Islamic Microfinance Banks/Institutions. § Islamic Insurance ( MicroTakaful ) An
( Modarabah & Musharaka) effective tool for Sustainable
Use of Zakah and Establishment of Waqf for Development.
Building up the Islamic Microfinance § Risk Management Techniques for Islamic
Institutions Microfinance
§ Use of Zakah, Waqf and Co-operative § BancaTakaful Channelize the
models in Islamic Microfinance. MicroTakaful Products with Islamic
§ Utilization of Waqf concept for the Microfinance Institution
development of the development and § Case Studies
Strengthened the Islamic Microfinance
§ Extending the product line and product
Islamic Microfinance – An incredible tool for poverty alleviate
Who should attend this Forum?
r Microfinance Institutions & Banks
r Local and International Donor’s 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 Shari’ah Scholars and Experts
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 Donor’s Agencies
¥ NGOs and NPOs
¥ Islamic and Conventional Banks
¥ IT Companies
¥ Rating Agencies
¥ Investment Banks
¥ Local and Multinational Companies
¥ REITs
¥ Financial Solutions Providers.
Shariah Compliant Solutions for Microfinance
Centre of Excellence in
Islamic Microfinance
Our Services in Islamic Microfinance
Islamic Microfinance Product Research and Innovation
Development
Training & Capacity Building Publications & Reports
Shariah Advisory Networking and Awareness
Visit us:
w w w. a l h u d a c i b e . c o m / i m h d
For Registration Please Contact
AlHuda Centre of Islamic Banking and Economics
192-Ahmed Block, New Garden Town, Lahore - Pakistan
Ph: (+92-42) 35913096-98
Fax: (+92-42) 35913056
E-mail: info@alhudacibe.com
Web: www.alhudacibe.com
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