RECORDER REPORT
PESHAWAR: 8th Global Islamic Microfinance Forum (GIMF) has been convened in Dubai (United Arab Emirates) on November 25th - 26th, 2018 under the theme of “Financial Inclusion, FinTech, Outreach Strategies & Innovations” to explore and discuss innovative financial inclusion strategies that can create clear pathways to poverty alleviation.
This Apex event is organized by AlHuda CIBE in Association with Akhuwat and Sponsored by Islamic Corporation for the Development of the Private Sector - ICD. ICD is one of the premier Islamic multilateral financial institutions for the development of the private sector.
More than 30 countries will be participating in this prestigious event and around 25 international speakers will be addressing in the event. Majority of the speakers is from industry leaders and experts.
AlHuda is striving for poverty alleviation through Islamic microfinance by providing advisory, consultancy, research and capacity building services and organized 7 annual events in different countries of the world.
This event helps the industry practitioners to join the common platform and strengthen the networking for industry development in true and innovative ways.
Muhammad Zubair, the Chief Executive Officer of AlHuda CIBE said the 8th GIMF will explore how new and effective strategies (according to Shariah compliant procedures) be
formulated to alleviate poverty and for economic sustainability.
While narrating the theme and core purpose of 8th GIMF, Muhammad Zubair echoed his thoughts, saying that poverty is considered one of the common global issues, but most alarming situation is that major chunk of poverty exist in Muslim countries, as it is considered as number one agenda of “financial inclusion” and Evidence of Impact that how positively affecting the lives of poor people.
According to most recent estimates, 46% of the poor population resides in Muslim countries, where poverty trends are alarming.
The prime reason of this staggering situation is the general avoidance from” RIBA” which is strictly prohibited in Islam.
In order to reduce poverty in Muslim populous countries, a proper platform is needed to execute, valuing their cultural and social
values, which is possible only through Islamic Microfinance.
