Islamic microfinance necessary for poverty eradication

Lahore - The 7th Global Islamic Microfinance Forum successfully concluded in Istanbul Turkey in which delegates from more than 40 countries participated.

Al Huda Centre of Islamic Banking and Economics organised the forum in association with World Halal Summit at Convention Center Istanbul–Turkey from November 24–28, 2017.

Islamic microfinance financial technology, financial inclusion through Islamic Microfinance, Micro Takaful, Waqf& Zakat – Supportive Elements for Islamic Microfinance and other related topics were focused upon during the first two days of the conference.

Islamic Agriculture and Rural Finance, the role of Islamic finance in the rural development and micro takaful came under discussion in the next two days. Technical experts from over 25 countries presented the papers in the forum.

While addressing the inaugural ceremony, Khaled Al-Aboodi, CEO and General Manager, the Islamic Corporation for the Development of the Private Sector (ICD) said that Islamic microfinance is a core element of Islamic financial industry.

Dr Amjad Saqib, Founder & Chairman, Akhuwat Pakistan welcomed the honourable guests and participants and briefed them about the purpose behind the series of global Islamic microfinance conferences in different parts of the world.

He further announced that the next time such event would be organised in London next year in October.

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