1. CENTRE OF ISLAMIC BANKING
& ECONOMICS
Press Release
Logo of ‘Islamic Microfinance Forum’ inaugurated in Yemen and Pakistan
The Global Islamic Microfinance Forum will be held in Dubai on 8th – 10th December,
2012 in which Delegates from more than 25 Countries would Participate
03/10/2012
“Ms. Najah Almugahed, MD of Yemen Microfinance Network is cutting the ribbon to inaugurate
the logo of Global Islamic Microfinance Forum in Sana’a, Yemen. (Left), Mr. Tariq Cheema,
President of World Congress of Muslim Philanthropists (WCMP) is inaugurating the logo of
Forum in Pakistan, whereas Dr. Amjad Saqib, Mr. Shahid I. Mohammed,
Mr. Zubair Mughal - CEO are also Present in the Picture. (Right)”
(Yemen + Pakistan) The Logo inauguration ceremony of Global Islamic Microfinance Forum held in Sana’a,
the capital city of Yemen and Lahore, Pakistan. In Yemen, the Logo was inaugurated by the Managing
Director of Yemen Microfinance Network (YMN) - Ms. Najah Almugahed whereas in Pakistan, it was
inaugurated by the Chief Executive Officer of World Congress of Muslim Philanthropists (WCMP) - Dr. Tariq
Cheema. It should be noted that Global Islamic Microfinance Forum would be held on 8 - 10 December,
2012 at Convention Centre – Dubai, UAE. A huge number of delegates from the Banks and Microfinance
Institutions like Al-Amal Microfinance Bank, Al Tadamun Microfinance Bank, Social development Fund
Yemen, National Microfinance Foundation, Aden Microfinance Foundation, Alkuraimi Islamic Microfinance
and Economic development fund etc. have participated in this logo inauguration ceremony in Yemen. While
addressing to the inaugural ceremony, Ms. Najah Almugahed appreciated the step of AlHuda Centre of
Excellence in Islamic Microfinance to organize Global Islamic Microfinance Forum and said that the
microfinance industry would be more established through this Forum. While addressing to the inaugural
ceremony, Chairman of Yemen Microfinance Network - Mr. Al-Lai has declared the strategy of AlHuda
Centre of Excellence in Islamic Microfinance for the promotion of Islamic Microfinance as a very good step

2. for the industry which will amplify the awareness and promotion of Islamic Microfinance.
The logo inauguration ceremony of forum in Pakistan was attended by Islamic Microfinance Industry of
Pakistan in which different constituents from Microfinance institutions participated including Dr. Amjad
Saqib, Executive Director – Akhuwat, Ms. Fareeda Tariq, Chief Executive Officer - Wasil, Mr. Shahid I.
Mohammad, President – Naymet Islamic Microfinance, Mr. Aamir Yousaf, Director – Naymet Islamic
Microfinance, Ms. Zareen Iqbal – Asasah, Mr. Imran Jafery – Meri Awaz NGO, Mr. Hammad Rasool, Director
– AlHuda CIBE, Dr. Zahid – COMSAT, Mr. Muhammad Mubarak, Executive Director – Agahe and Mr.
Muhammad Khushnood – NRDP. While addressing to the Logo inauguration ceremony, Mr. Tariq Cheema
said that Islamic Microfinance is growing rapidly all around the world and the forum like this would further
strengthen this industry whereas Mr. Amjad Saqib said that 150000 people in Pakistan are getting benefits
of Islamic Microfinance and with respect to Islamic Microfinance, Pakistan is an emerging market.
The Chief Executive Officer of AlHuda Centre of Islamic Banking and Economics, Mr. Muhammad Zubair
Mughal said that AlHuda Centre of Excellence in Islamic Microfinance is working on a strong strategy for the
promotion of Islamic Microfinance and prior to the Global Islamic Microfinance Forum; road shows in this
connection will be organized in Yemen, Azerbaijan, UAE, Indonesia, Kazakhstan, Nigeria and Ghana so that
the institutions could be invited for Global Islamic Microfinance Forum from all over the world. He further
said that delegates from more than 25 countries are participating in this forum in which the global policies
of Islamic Microfinance would be finalized. Forum will be held on 8 th December in Dubai whereas a
specialized training workshop on Islamic Microfinance would be held on 9 – 10 December, 2012.
Head Office: 192- Ahmad Block, Ph: +92-42-35913096-8 E-mail: info@alhudacibe.com
New Garden Town Lahore, Pakistan. Fax: +92 -42-35913056 Website: www.alhudacibe.com