(January 04, 2023, Lahore): 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, Lahore on December 21, 2022. 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. The bank is very supportive to implement the Islamic finance initiatives in the country by regulating the Islamic finance laws and regulations. The population of Pakistan is around 240 million and 97% of population is Muslim. This indicator is supportive for the growth of Islamic (micro)finance industry. Furthermore, the central bank also published the next five-year plane for Islamic finance industry. This will not only help to eradicate the poverty from the country rather will develop the viable and sustainable alternative financial system to take part the development and economic growth.
About AlHuda CIBE:
AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research and provides state-of-the-art Advisory Consultancy and Education through various well-recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Training Workshops, and Islamic Microfinance and Takaful Consultancies etc. side by side through our distinguished, generally acceptable and known Publications in Islamic Banking and Finance.
We are dedicated to serving the community as a unique institution, advisory and capacity building for the last twelve years. The prime goal has always been to remain stick to the commitments providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 35 Countries for the development of Islamic Banking and Finance industry. For further Details about AlHuda CIBE, please visit: www.alhudacibe.com
For Media Contact:
Ms. Shaguftta Perveen
Call: +92 42 35913096 – 98