Islamic microfinance confab in June
MANILA, Philippines - The International Conference on Islamic Microfinance will be held on June 13 in Islamabad to look into ways into making Islamic microfinance another tool for poverty alleviation. Varied models of Islamic microfinance, shariah issues, zuqat, dard-e-husna and waqf model to decrease poverty, usage of technology and the implementation of Islamic microfinance will be the hot topics to discuss in the first-time event. One billion seventy people are hand to mouth and living lives below the poverty line. Among them 44 percent are residing in Muslim countries and this factor highlights the need of Islamic microfinance in an effective way. Currently more than 300 Islamic microfinance organizations in Indonesia, Kenya, Afghanistan, Bangladesh, Sri Lanka, Yemen, Egypt, Sudan, Tanzania, Mauritius, South Africa, Malaysia and Pakistan are working to alleviate the poverty.
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