AlHuda CIBE, Naymet Islamic Microfinance to launch Islamic microfinance products

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”.

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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.
SENTHILKUMAR.GROUPCEO,vini Financial and management Consultants Pvt Ltd., Trichy,Tamilnadu

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