AlHuda CIBE organizes training on Islamic Microfinance

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The One Day Specialized Training Workshop on Basics of Islamic Microfinance organized by AlHuda Centre of Islamic Banking and Economics was successfully concluded at Grand Millennium Hotel.

The purpose of the training was to promote, strengthen the knowledge on Islamic Microfinance organization. Specialized training workshop on various relevant topics will strengthen the level of knowledge of industry professionals which ultimately will help the awareness among general public of the nations.

The participants from Naziran Yousaf Memorial Trust (Naymet) attended the training. The well-known trainers and consultant of Islamic finance, Mufti Raees Ahmad and Mr. Khalil ur Rahman conducted the training. During the training, the concepts of Murabahah, Salam, Istisna and Mudarabah, product development and product innovation of Islamic microfinance was discussed.

The demand of Islamic banking and (micro)finance products is increasing. Moreover, the government act and the Shariah court decision on Islamic Finance help to promote the Islamic finance industry across the country which will enhance the financial inclusion among the inhabitant of the society. This also will gear-up the economic growth and living standard of the people.

The Central bank of Pakistan is aggressively working on Islamic banking and finance framework for the development and the promotion of Islamic finance industry.—Zawya News