Event Name: Global Islamic Microfinance Forum 2012
Event Date: December 8-December 10, 2012
Event Location: Dubai, United Arab Emirates
Cost: The one-day event on December 8 costs USD 750, and the optional two-day workshop on December 9 and December 10 costs USD 745.
Summary of Event: The underlying theme of the primary event is “Islamic Microfinance – A Hope for Poor”, while the optional two-day workshop titled “Shariah and Marketing Techniques in Microfinance.” The Global Islamic Microfinance Forum will teach participants about the Islamic microfinance model in an effort to encourage its practice nationally and globally including in non-Islamic businesses. The Islamic microfinance model is designed to be compliant with Islamic law, the Shariah, which prohibits interest payments and fees, by way of the concepts of joint venture and profit sharing. This forum will also address current issues with microfinance, such as excessive interest rates, and examine ways Islamic microfinance can address these challenges to improve services for poor people.
About the Organizer: Located in Pakistan, the AlHuda Center of Islamic Banking and Economic (CIBE) is a nonprofit consulting firm that specializes in research and training in the Islamic microfinance industry. The organization also provides technical assistance in the area of Shariah law, organizes distance learning programs and publishes a monthly online magazine called “Islamic banking and finance news.” Akhuwat, a microfinance institution (MFI) based in Pakistan, was established in 2001. As of 2011, Akhuwat reports to the US-based nonprofit Microfinance Information Exchange (MIX) a gross loan portfolio of USD 2.8 million with approximately 31,500 active borrowers. This MFI does not accept deposits.
Event Website: http://www.alhudacibe.com/IMFC2012/index.php
For additional information , you may call: +92 042 35913096 or send an email to info[at]alhudacibe.com.
By Sarah Benali, Research Associate
Sources and Additional Resources
 Global Islamic Microfinance Forum: “2012 Global Islamic Microfinance Forum”, http://www.alhudacibe.com/IMFC2012/index.php
 MicroCapital.org Story: “MICROFINANCE EVENT: International Conference on Islamic Microfinance, June 13, 2011, Islamabad, Pakistan,” April 19, 2011, http://www.microcapital.org/microfinance-event-international-conference-on-islamic-microfinance-june-13-2011-islamabad-pakistan/
 MicroCapital.org Story: “MICROCAPITAL BRIEF: AlHuda Center of Islamic Banking and Economics of Pakistan Creates Center of Excellence in Islamic Microfinance,” July 26, 2012, http://www.microcapital.org/microcapital-brief-alhuda-centre-of-islamic-banking-and-economics-of-pakistan-creates-centre-of-excellence-in-islamic-microfinance/
MicroCapital Universe Profile : AlHuda Center of Islamic Banking and Economics http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=AlHuda+Centre+of+Islamic+banking+and+Economics
MicroCapital Universe Profile: Akhuwa http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Akhuwat
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/