CENTRE OF ISLAMIC BANKING& ECONOMICSPress ReleaseYemen will Host an International Workshop on Islamic MicrofinanceWorkshop...
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Press release on international workshop on islamic microfinance

Published on: Mar 4, 2016

Transcripts - Press release on international workshop on islamic microfinance

  • 1. CENTRE OF ISLAMIC BANKING& ECONOMICSPress ReleaseYemen will Host an International Workshop on Islamic MicrofinanceWorkshop is being jointly organized by Yemen Microfinance Network and AlHudaCentre of Islamic Banking and Economics, Pakistan28/08/2012(Pakistan) Islamic Microfinance is getting appreciation by the whole world for alleviation of poverty andMuslim and non-Muslim Countries are utilizing it. Microfinance Institutions in Arab Countries are alsoproviding Microfinance to Muslims which is in accordance with Islamic standards in order to get poor out ofobscurity of poverty. Amongst these Arab Countries, Yemen is at the top of the list with other countries likeIraq, Syria, Jordan and Egypt.Due to the escalating popularity of Islamic Microfinance in Arab countries with the intention to increase thereach of Microfinance Institutions, AlHuda Centre of Islamic Banking and Finance and Yemen MicrofinanceNetwork is going to arrange 2 days training workshop on Islamic Microfinance on 16th & 17th September,2012 to be held in the Capital City of Yemen - Sana’a, in which different topics like the proper utilization ofIslamic Microfinance for alleviation of poverty in poor countries, Islamic Microfinance Products and theirstructure, Shari’ah principles of Microfinance and MicroTakaful would be discussed.The Chairman of Yemen Microfinance Network, Mr. Mohammed Al Lai has declared the arrangement of thistwo days international workshop on Islamic Microfinance, a good step for the Microfinance sector. He saidthat Islamic Microfinance is rapidly growing in Yemen and the workshop like this will provide moreawareness about it.Chief Executive Officer of AlHuda Centre of Islamic Banking and Economics, Mr. Muhammad Zubair Mughalhas said that AlHuda has established a separate department for the promotion of Islamic Microfinance,named as “Centre of Excellence in Islamic Microfinance” so that awareness, consultancy and training couldbe provided to the Microfinance Institutions and in this regard, during this year, workshops will be arrangedin Yemen, Azerbaijan, Nigeria, Kazakhstan, Indonesia and Niger. He further said that the purpose of thistraining in Yemen is to make Arab countries aware of the importance and benefits of Islamic Microfinancewhich is in accordance with the religious beliefs of Arab Countries because in Arab Countries, people avoidconventional microfinance due to the factor of interest and remain stuck in poverty. So, IslamicMicrofinance is very much needed to alleviate poverty in Arab countries. It should be noted that in spite ofabundant oil and natural resources in Arab regions, some Arab countries are having poverty in them like23% people in Iraq, 18% in Iran, 34.8% in Yemen, 13.3% in Jordan, 12.5% in UAE, 28% in Lebanon and 11.9%in Syria are living under the poverty line.Head Office: 192- Ahmad Block, Ph: +92-42-35913096-8 E-mail: info@alhudacibe.comNew Garden Town Lahore, Pakistan. Fax: +92 -42-35913056 Website: www.alhudacibe.com

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