11th Global Islamic Microfinance Forum Successfully concluded

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11thGlobal Islamic Microfinance Forum was successfully concluded at Dubai, UAE under the patronage of AAOIFI Bahrain.

The purpose of that forum was to promote, strengthen and unite the organizations of Islamic microfinance (IsMF) with the theme of financial Inclusion, outreach strategies & innovations. Eminent Speakers and industry professionals from well serving organizations related to Microfinance, Islamic microfinance, micro insurance and NGOs participated in the event.

The aim of the forum was to discuss the financial Inclusion, outreach strategies & innovations by gathering stakeholders under one roof. The forum was organized by AlHuda Centre of Islamic Banking and Economicsin association with Pakistan Microfinance Network and IMFN-International Islamic Microfinance Network and Wings Media.

The event is sponsored by Akhuwat Pakistan, Bank of Punjab, Innovation Biscuits Pakistan, and PPCBL Pakistan. The event supporters include Association of Microfinance Organizations of Tajikistan (AMFOT), MicroLab Association, Association of Microfinance Institutions in Rwanda (AMIR), Fintech Association of Nigeria, Nigerian Microfinance Platform, Abuja Chamber of Commerce and Industry, National Association of Microfinance Banks. The event media partners include Financial IT, Islamic Finance, MicroCapital, IFING MEDIA, and WebTV.

Dr. Amjad Saqib, Founder of Akhuwat Pakistan inaugurated the forum by saying that Islamic microfinance is the need of the time and this can be used as a weapon for the poverty alleviation. He further explained how Akhuwat model and different products are playing its role to alleviate the poverty in Pakistan.

He also appreciated the efforts of AlHuda Centre of Islamic Banking and Economics. Dr Amjad Saqib, highlighted the ways of poverty alleviation through qard e hasna in Islamic microfinance through which Akhuwat is providing small loans to more than 5 lac people across Pakistan.

Guest of Honors of the Ceremony Mr. Atty. Ubaida C. Pacasem, CPA Minister – Ministry of Finance, and Budget and Management Member of the Parliament – Bangsamoro Transition Authority, Bangsamoro Autonomous Region in Muslim Mindanao, Philippines, Mr. Atty. PaisalinTago, CPA Minister, Minister of Transportation and Communications, Republic of the Philippines,H.E. Edouard Bizumuremyi,Minister Counsellor, General Consulate of the Republic of Rwanda, UAE, and Mr. Syed Mohsin Ahmed, Chief Executive Officer, Pakistan Microfinance Network.

 

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