CIS Islamic Banking and Finance Forum Auspiciously Concluded in Tashkent.
CIS Islamic Banking and Finance Forum was successfully concluded in Tashkent-Uzbekistan, yesterday. The purpose of that forum was to promote, strengthen and unite the Islamic Banking and Finance industry of the CIS countries, the theme of the forum was “CIS as new destination for Islamic Finance” which also addressed financial inclusion, fintech, Sukuk, Takaful, Islamic capital markets Islamic Microfinance, potential and opportunities of Islamic finance in CIS countries. Distinguished Speakers and industry experts from well serving organizations related to Islamic banking and finance, Islamic insurance (Takaful), and banking industry participated in the event. The aim of the forum was also to discuss the potential of Islamic finance in CIS countries, Investment avenue’s, FinTech, Sukuk, Takaful and Islamic capital markets by gathering stakeholders under one roof. The forum was organized by AlHuda Centre of Islamic Banking and Economics in partnership with multilateral organization Islamic Corporation for Development of Private Sector (ICD) – Islamic Development Bank (IsDB), Uzbekistan Bank Association.
Uzbekistan Lessor Association (ULA) signed a Memorandum of Understanding (MoU) with AlHuda Center of Islamic Banking and Economics (CIBE), to implement promote Islamic leasing business in the country with the help of its association members.
AlHuda CIBE is going to organize "Three Days Specialized Training Workshop on Islamic
Banking, Takaful and Islamic Microfinance" on 17 - 18 June, 2019 at Tajikistan
AlHuda Center of Islamic Banking and Economics (CIBE) is a well established name in Islamic Banking and Finance with state-of-the-art advisory, consultancy, education, training, research and product development services. AlHuda CIBE has organized number of international customized training workshops on Islamic Banking and Finance to build the capacity of young Islamic finance professionals. As a matter of fact that Pakistan keeps enough potential for the growth of Islamic Banking and Finance, AlHuda CIBE is going to organize Training workshop on Islamic Banking for capacity building in Islamic Banking Professionals.
Uzbekistan Lessor Association (ULA) signed a Memorandum of Understanding (MoU) with AlHuda Center of Islamic Banking and Economics (CIBE), to implement promote Islamic leasing business in the country with the help of its association members.
AlHuda CIBE is going to organize "Three Days Specialized Training Workshop on Islamic
Banking, Takaful and Islamic Microfinance" on 17 - 18 June, 2019 at Tajikistan
AlHuda Center of Islamic Banking and Economics (CIBE) is a well established name in Islamic Banking and Finance with state-of-the-art advisory, consultancy, education, training, research and product development services. AlHuda CIBE has organized number of international customized training workshops on Islamic Banking and Finance to build the capacity of young Islamic finance professionals. As a matter of fact that Pakistan keeps enough potential for the growth of Islamic Banking and Finance, AlHuda CIBE is going to organize Training workshop on Islamic Banking for capacity building in Islamic Banking Professionals.
AlHuda CIBE is going to organize "Two Days Specialized Training Workshop on Islamic Banking and Finance" on June 20 – 21, 2019 at London, United Kingdom
ISLAMIC BANKING AND FINANCE: MALAYSIA’S EXPERIENCE AND ACHIEVEMENTSbrighteyes
ISLAMIC BANKING AND FINANCE: MALAYSIA’S EXPERIENCE AND ACHIEVEMENTS 13 June 2006
Victoria University of Wellington
Presented by:
Bakarudin Ishak
Director
Islamic Banking and Takaful Department Bank Negara Malaysia
Details about the Islamic banking system in Pakistan and give an overview of Islamic banking in any Islamic country. It gives some help for the fresh students to learn about Islamic banking.
Islamic Banking: Inclusion in the Indian Banking SectorIOSR Journals
Innumerable changes have been witnessed in the Indian banking sector since last six decades. Various generations of financial sector reforms has changed the face and complexion of the Indian Banking Sector which is adopting various innovative practices with the focus on inclusive growth. Islamic banking is one such practice which is being considered in full fledged manner which otherwise has been practiced in an informal way. Islamic banking has set its foot on the path of rapid growth throughout the globe and India could not be isolated from it, looking at immense potential. The 1st Ernst & Young World Islamic Banking Competitiveness Report 2011 presented at the 18th Annual World Islamic Banking Conference stated that Islamic banking assets with commercial banks globally will reach US$1.1 trillion in 2012, a significant jump of 33% from their 2010 level of US$826 billion. The conventional banking as practiced by the Indian banking sector in its present form does stand in the way of the principles of Islamic banking which prohibits transaction on the basis of interest and operate on profit and loss based on Islamic principles. Introduction of interest free banking will require a lot of changes in the Banking Regulation Act.
lThis presentation includes the historical background of steps taken to implement Islamic Financial system in Pakistan. it also highlights the current challenges, probems and solutions
Islamic Banking refers to a system of banking that complies with Islamic law also known as Shariah law which prohibits interest based banking and permits only profit sharing based banking.
The report is based on banking system in Pakistan, that's Islamic and Conventional banking. How they operate in Pakistan, and what are their products and services for public as per State Bank of Pakistan.
Short look at the requirement for developing a structure for Islamic Bank, moving away from the conventional bank requirements. Outlines the various structures available such as Islamic Banking Windows, Islamic Banking Subsidiary and Islamic Banks
AlHuda CIBE is going to organize "Two Days Specialized Training Workshop on Islamic Banking and Finance" on June 20 – 21, 2019 at London, United Kingdom
ISLAMIC BANKING AND FINANCE: MALAYSIA’S EXPERIENCE AND ACHIEVEMENTSbrighteyes
ISLAMIC BANKING AND FINANCE: MALAYSIA’S EXPERIENCE AND ACHIEVEMENTS 13 June 2006
Victoria University of Wellington
Presented by:
Bakarudin Ishak
Director
Islamic Banking and Takaful Department Bank Negara Malaysia
Details about the Islamic banking system in Pakistan and give an overview of Islamic banking in any Islamic country. It gives some help for the fresh students to learn about Islamic banking.
Islamic Banking: Inclusion in the Indian Banking SectorIOSR Journals
Innumerable changes have been witnessed in the Indian banking sector since last six decades. Various generations of financial sector reforms has changed the face and complexion of the Indian Banking Sector which is adopting various innovative practices with the focus on inclusive growth. Islamic banking is one such practice which is being considered in full fledged manner which otherwise has been practiced in an informal way. Islamic banking has set its foot on the path of rapid growth throughout the globe and India could not be isolated from it, looking at immense potential. The 1st Ernst & Young World Islamic Banking Competitiveness Report 2011 presented at the 18th Annual World Islamic Banking Conference stated that Islamic banking assets with commercial banks globally will reach US$1.1 trillion in 2012, a significant jump of 33% from their 2010 level of US$826 billion. The conventional banking as practiced by the Indian banking sector in its present form does stand in the way of the principles of Islamic banking which prohibits transaction on the basis of interest and operate on profit and loss based on Islamic principles. Introduction of interest free banking will require a lot of changes in the Banking Regulation Act.
lThis presentation includes the historical background of steps taken to implement Islamic Financial system in Pakistan. it also highlights the current challenges, probems and solutions
Islamic Banking refers to a system of banking that complies with Islamic law also known as Shariah law which prohibits interest based banking and permits only profit sharing based banking.
The report is based on banking system in Pakistan, that's Islamic and Conventional banking. How they operate in Pakistan, and what are their products and services for public as per State Bank of Pakistan.
Short look at the requirement for developing a structure for Islamic Bank, moving away from the conventional bank requirements. Outlines the various structures available such as Islamic Banking Windows, Islamic Banking Subsidiary and Islamic Banks
Islamic Microfinance is rapidly gaining acceptance in Muslim and Non- Muslim countries due to its remarkable performance in poverty eradication; because of which, this industry is making quick progress. According to our careful estimate Islamic Microfinance market’s worth has reached $1 billion. These views were expressed by Muhammad Zubair Mughal, the Chief Executive Officer of AlHuda Centre of Islamic Banking and Economics (CIBE) ,while, addressing the International Islamic Finance conference as a Guest of Honor.
TOWARDS ACHIEVING A MAQASID SHARI’AH ORIENTED ISLAMIC BANKINGIAEME Publication
Despite achieving phenomenal asset and deposit growth and extending geographical reach almost globally, Islamic Finance has failed to make a dent in achieving the objectives of its earliest proponents; equitable distribution of wealth, poverty reduction or eradication, financial inclusion and achievement of socio-economic justice. This is due to many reasons including the entrenched riba-based financial system together with its champions, the erstwhile conventional bankers and conventional lawyers spearheading its growth. There is also the lack of government and fiscal support in many Muslim jurisdictions, the continuous effort to replicate and compete with conventional product offerings to prevent deposit outflows and lack of innovation as opposed to financial re-engineering of stale products. Although Islamic Finance is a success story of technical compliance to the Shari’ah in letter, it is a failure in terms of its spirit and intended outcomes. Islamic Finance has great potential in achieving social justice by ‘risk sharing’ financing the growth of innovation through SMEs, financing infrastructure and waqf properties, reduction in public debt, as well as financing social and charitable causes by managing Qard Hasan professionally.
ALHUDA CENTRE OF ISLAMIC BANKING & ECONOMICS IS PLEASED TO ORGANIZE AFRICAN 2 – DAYS SPECIALIZED TRAINING WORKSHOP ISLAMIC BANKING, ISLAMIC SME & ISLAMIC MICRO FINANCE on 13th & 14th June, 2014 - Ghana
AlHuda CIBE is pleased to announce Islamic Finance prestigious Training series in USA Titled: “Islamic Banking & Finance- 26-27 June, 2019 at Washington, DC” and “Islamic Finance & Islamic FinTech- 29-30 June, 2019 at San Francisco, USA”.
AlHuda CIBE is going to organize "Global Takaful Forum" on August 26, 2019 at Istanbul - Turkey.
The objective of the event is to provide adequate knowledge and benefits of Takaful industry to the relevant market. The platform will help analyzing the problems hindering rapid development of Takaful worldwide that would surely help increasing financial inclusion.
AlHuda CIBE is going to organize "CIS - Islamic Banking and Finance Forum" on 02 May, 2019 along with "Two days post event workshop on Islamic Banking, Takaful and Islamic Microfinance" on May 03 – 04, 2019 at Tashkent, Uzbekistan
AlHuda CIBE is going to organize "Three Days Specialized Training Workshop on Islamic
Banking, Takaful and Islamic Microfinance" on 21 - 23 March, 2019 at Dakar, Senegal
AlHuda Centre of Islamic Banking and Economics (CIBE) is a recognized name in Islamic banking and finance Market for trainings, research and advisory over the last 13 years. The prime goal has always been to remain stick to the commitments and provide state-of the-art Advisory Consultancy and Education through various well recognized modes viz. Campus programs, Distance learning programs, Trainings Workshops, Awareness Programs and Islamic Microfinance Products Development all side by side through our distinguished and generally acceptable and known Publications in Islamic Banking and Finance. We are dedicated to serve the community as a unique institution providing trainings, education and consultancy in the field of Islamic Banking & Finance not only in Pakistan but all over the world. We have so far organized more than 300 trainings, 32 successful campus programs and training courses with numerous national and international students.
AlHuda CIBE is pleased to announce its upcoming event the "African Interest-free Banking and Finance Forum" on 6th February, 2019 followed by Post Event Workshop “Interest-Free Banking & Finance, Insurance & Microfinance” on 7th - 8th February, 2019 at Addis Ababa, Ethiopia. The aim of this forum is to address the latest trends, challenges, and opportunities in Finance Industry of Africa.
The aim of this forum is to address the latest trends, challenges and opportunities in Islamic Financial Industry of Africa. This forum will also give an opportunity to all the institutions, organizations and professional to network and exchange business ideas.
AlHuda CIBE going to organize Two days specialized training workshop on Islamic Banking & Finance in Azerbaijan
E: info@alhudacibe.com
http://www.alhudacibe.com/conference2018/
AlHuda CIBE going to organize Two days specialized training workshop on Islamic Banking & Finance on 06-07 September, 2018 at London - United Kingdom
E: info@alhudacibe.com
http://www.alhudacibe.com/conference2018/IBFUK/
AlHuda CIBE going to organize Two days specialized training workshop on Islamic Banking, Finance and Islamic Microfinance at Philippines on 04-05 October, 2018
E: info@alhudacibe.com
http://www.alhudacibe.com/conference2018/IBIMFPH/
AlHuda CIBE going to organize Two days specialized training workshop on Islamic Micro and Agriculture Finacne 27-28 July, 2018 at Kenya
E: info@alhudacibe.com
http://alhudacibe.com/IM&AF2018
AlHuda CIBE going to organize Two days specialized training workshop on Islamic Banking & Finance on 18-19 October, 2018 at Canada.
E: info@alhudacibe.com
http://alhudacibe.com/conference2018/canada/
AlHuda CIBE going to organize Two days specialized training workshop on Islamic Banking & Finance on 13-14 August, 2018 at Zambia.
E: info@alhudacibe.com
AlHuda CIBE going to organize Innovative Product Development of Islamic Banking & Fiance training workshop in Dubai
E: support@alhudacibe.com
http://www.alhudacibe.com/conference2018/IPDIBF2018/
AlHuda CIBE is pleased to announce its upcoming event "5th African Islamic Finance Summit" which will take place on 17th- 18th April, 2018 with two days Post Event Workshop on Islamic Insurance on 19th - 20th April, 2018 at Hyatt Regency – The Kilimanjaro, Dar-es-Salaam, Tanzania.
The aim of this summit is to address the latest trends, challenges and opportunities in Islamic Financial Industry of Africa. This summit will also give an opportunity to all the institutions, organizations and professional to network and exchange business ideas.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Which Crypto to Buy Today for Short-Term in May-June 2024.pdf
Press Release - CIS Islamic Banking and Finance Forum
1. Center of Islamic Banking and Economics
AlHuda Center of Islamic Banking and Economics
Head Office: P.O Box. 120867, Dubai - U.A.E, Ph: 00971 55 938 99 00
Email: info@alhudacibe.com Web: www.alhudacibe.com
Press Release
Uzbekistan has great potential for Islamic Banking and Finance in CIS
CIS Islamic Banking and Finance Forum Auspiciously Concluded in Tashkent
(May 06, 2019 (Dubai)): CIS Islamic Banking and Finance Forum was successfully concluded in Tashkent-
Uzbekistan, yesterday. The purpose of that forum was to promote, strengthen and unite the Islamic
Banking and Finance industry of the CIS countries, the theme of the forum was “CIS as new destination
for Islamic Finance” which also addressed financial inclusion, fintech, Sukuk, Takaful, Islamic capital
markets Islamic Microfinance, potential and opportunities of Islamic finance in CIS countries.
Distinguished Speakers and industry experts from well serving organizations related to Islamic banking
and finance, Islamic insurance (Takaful), and banking industry participated in the event. The aim of the
forum was also to discuss the potential of Islamic finance in CIS countries, Investment avenue’s, FinTech,
Sukuk, Takaful and Islamic capital markets by gathering stakeholders under one roof. The forum was
organized by AlHuda Centre of Islamic Banking and Economics in partnership with multilateral
organization Islamic Corporation for Development of Private Sector (ICD) – Islamic Development Bank
(IsDB), Uzbekistan Bank Association.
AlHuda arranged an impressive lineup of speakers from different countries with the revealing sessions
on the subject matter to explore more options for Islamic finance industry. Dr. Irfan Yusuf Shami,
Ambassador, Embassy of Pakistan, Tashkent, Uzbekistan- the chief guest inaugurated the forum by
saying that Islamic finance is the need of the time and Central Asia needs to keep an eye on the
potential of Islamic Banking & Finance and what value it can bring to the current system of International
2. Center of Islamic Banking and Economics
AlHuda Center of Islamic Banking and Economics
Head Office: P.O Box. 120867, Dubai - U.A.E, Ph: 00971 55 938 99 00
Email: info@alhudacibe.com Web: www.alhudacibe.com
Banking & Finance. Investing in Islamic banking and finance will definitely lead to have greater foreign
Investments promising enhanced global connectivity, improved job creation, socio-economic
development and poverty alleviation. This transcending Islamic financial sector will create genuine
global opportunities and as Uzbekistan has its own unique position in Central Asia. He further said that I
vigorously endorse Pakistan’s ambassadorial role in promoting meaningful contributions to the
advancement of Islamic finance at all levels to pave the way towards a better community with potential
to make a difference in this world.
Guest of honors including Mr. Kaiser Haneef Naseem- Lead for Banking and Digital Transformation
Advisory Services Eastern Europe Central Asia Region- World Bank Group – IFC, Russia, Mr. Hussain
Hasanov- Head of Islamic Development Bank- Uzbekistan, Mr. Yerlan BAIDAULET- Advisor, Ministry of
Investment & Development Kazakhstan, Mr. Bakhtiyar S. KHAMIDOV- General Director, Uzbekistan
Banking Association, Uzbekistan, Mr. OdilbekIsakov- Deputy Minister of Finance, Republic of Uzbekistan,
Mr. Diyor Mukhamedov- Deputy Director, Capital Market Development Agency, Uzbekistan, Mr. Zafar B.
Mustafaev- General Director, Association of Uzbekistan Lessors, Uzbekistan, Mr. Bakhodir Kadirov-
General Director, Taiba Leasing LLC, Uzbekistan, and Mr. Makhkamova Gulbahor- Chairman of the Board
of Trustees, Micro Credit Fund IMON, Tajikistan also expressed about the Islamic finance potentials and
opportunities in CIS countries and possible ways to achieve the milestone.
By addressing the event participants, Mr. Pervez Nasim, Chairman & CEO- Ansar Financial and
Development Corporation (“AFDC”), Canada discussed about the Islamic banking and financial inclusion.
He said that Islamic finance can enhance the financial inclusion through fintech. CIS countries has
potential for Islamic banking and finance and can play a pivotal role for its development. To attract the
attendees, he talked about how Islamic banking and finance can enhance the living standards of
inhabitants and economic justice.
Addressing to the audience, the organizer of CIS Islamic Banking and Finance Forum, Mr. Muhammad
Zubair Mughal, Chief Executive Officer, AlHuda CIBE said that Islamic banking and finance total volume
has crossed $2.6 trillion globally. He said, total Muslim population of CIS countries is estimated 75
million which is a good news for growing Islamic banking and finance industry. CIS countries’ list consist
of 10 countries which includes Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan, Turkmenistan, Azerbaijan,
Russia, Armenia etc. The most important factor of the growth of Islamic banking and finance industry in
CIS countries is the Islamic Development Bank’s projects whereas, ICD also has huge investment for
Islamic banking and Islamic leasing avenues in CIS countries which includes Azerbaijan, Kazakhstan,
Uzbekistan, and Kyrgyzstan etc. He further added that AlHuda CIBE has started putting its research,
advisory, consultancy and capacity building services in CIS countries for Islamic banking and finance
industry from 2006. He concluded that in CIS countries, the Islamic banking and finance market can be
divided into three parts. At first, there are countries (Kazakhstan, Uzbekistan, Kyrgyzstan and Azerbaijan)
where the growth speed of Islamic banking and finance industry is satisfactory and these countries want
to promote this sustainable financial alternative. Secondly, there are countries (Tajikistan, Turkmenistan
and Russia) where the Islamic banking and finance industry exist with low growth rate. At final there are
3. Center of Islamic Banking and Economics
AlHuda Center of Islamic Banking and Economics
Head Office: P.O Box. 120867, Dubai - U.A.E, Ph: 00971 55 938 99 00
Email: info@alhudacibe.com Web: www.alhudacibe.com
countries like Armenia, Ukraine, and Belarus etc. where there is no initiative taken so far. However,
overall Islamic banking and finance position in CIS countries is encouraging.
In the forum, delegates from Ansar Financial & Development Corporation- Canada, World Bank Group –
IFC, Uzbekistan, International Turnkey Systems – ITS, Kuwait, Sheikh Ahmed Bin Obaid Al Maktoum LLC,
Uzbekistan, Annexure Financial Solutions, China, Pakistan Poverty Alleviation Fund, Pakistan, Sohibkor
bank, Republic of Tajikistan, Islamic Corporation for the Development of the Private Sector (ICD),
Uzbekistan, Mo Bulak Finance LLC, Kyrgyz Republic, Alif Capital – Tajikistan, World Bank Group – IFC,
Russia, and many other delegates from 15+ countries participated in it. Forum was continued on 2nd
May, 2019 in which Financial Inclusion, Financial Technologies, Sukuk, Shariah Structuring for the
development of Islamic finance, Takaful, Sustainability, and Islamic Capital Markets were discussed in
the broader perspective. Three organizations named Association of Uzbekistan Lessors, Uzbekistan,
Uzbekistan Banking Association, Uzbekistan, and Hi-Tech Bank, Uzbekistan also signed MoUs with
AlHuda Center of Islamic Banking and Economics at this prestigious event for the growth and
development of Islamic banking and finance industry.
The Forum is followed by Two Days “Post Event Workshop on Islamic Banking, Takaful and Islamic
Microfinance” dated for May 3-4, 2019. The Workshop covered a variety of allied topics. To learn more
about please visit: www.alhudacibe.com/cis2019
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 provide state-of-the-art Advisory Consultancy and Education
through various well-recognized modes viz. Islamic Financial Product Development, Shariah Advisory,
Trainings 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
Manager Communications,
info@alhudacibe.com
Call: +92 42 35913096 - 98