AlHuda CIBE, Naymet Islamic Microfinance to launch Islamic microfinance products
in

Microfinance Focus, December 10, 2010: Pakistan’s AlHuda-Centre of Islamic Banking (CIBE) and Economics has signed a Memorandum of Understanding with Naymet Islamic Microfinance to develop Islamic Microfinance Products for Naymet Microfinance.

AlHuda CIBE will operate manuals of Islamic financial products. It will provide accounting and auditing measures, Shariah supervision, and help in training staff members. It will also facilitate Naymet Islamic Microfinance in advisory for Shariah complaint I.T solutions.

Mr. Muhammad Zubair Mughal, Chief Executive Officer, AlHuda CIBE said that Alhuda Centre of Islamic Banking and Economics is very eager to develop Islamic Microfinance products. He added that Islamic microfinance is not only developing within Pakistan but Bangladesh, Lebanon, Syria, Malaysia, Indonesia South Africa and other countries are also benefiting from the products of Islamic microfinance.

President, Naymet Islamic Microfinance, Mr. Shahid I. Mohammad said, “It’s our privilege to establish a working relation with AlHuda CIBE. Islamic microfinance products will be very beneficial in developing Shariah complaints industry. It will be a step forward to flourish a web of Islamic microfinance products network in Pakistan that will be very poverty alleviation and uplifting the economy of the country”.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Relevant time for Islamic Microfinance

Islamic microfinance is the need of the time . This may be right time for the microfinance sector to experiment this widely .

Need and right time to executive Islamic micro finance in india

Islamic microfinance is the need of the time . This may be right time for the microfinance sector to experiment this widely
If you interest to start this Islamic MFI in Tamilnadu we will do.
thanks.
SENTHILKUMAR.GROUPCEO,vini Financial and management Consultants Pvt Ltd., Trichy,Tamilnadu

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

Sponsored Links

Microfinance Focus


Copyright @ Microfinance Focus. All rights are reserved. Managed by Ekayana Media