The event, organised jointly by the AlHuda Centre of Islamic Banking and Economics (CIBE) and AKHUWAT, saw delegates from more than 27 countries participate in 3rd GIMF and participants from more than 35 countries are expected to attend the upcoming event.
Islamic microfinance, its challenges and opportunities, new products, microtakaful, IT integration, micro saving, and entrepreneur development will be discussed in detail.
Muhammad Zubair Mughal, Chief Executive, AlHuda Centre of Islamic Banking and Economics noted that conventional microfinance has failed to alleviate poverty in the Muslim world, while Dr Amjad Saqib, Executive Director, AKHUWAT said that Islamic microfinance, which is free of interest, is driving the growth of small businesses. AKHUWAT is already benefiting more than 500,000 families across Pakistan, he said.