Islamic Micro Lenders Set Up Global Network

Monday, January 24, 2011

LAHORE: Islamic Microfinance Network (IMFN) has been set up to assemble the international Islamic Microfinance organisations on one platform, a statement said.

The IMFN head office is in Lahore and its regional offices will be in Ghana, Mauritius and Middle East.

According to IMFN official the board members of IMFN are Farida Tariq, Chairperson, Amjad Saqib, Vice Chairman, and Muhammad Zubair Mughal, Chief Executive Officer.

Kawako Yasuma, CEO, Ghana Islamic Microfinance Bank, Mohammad Raffick Nabi Mohamod, Founder, AlBaraka Multi-purpose Cooperative Society, Mauritius and Khaleeq-uz-Zaman, Head of Shariah Islamic Banking, International Islamic University, Islamabad are working as directors Islamic Microfinance Network.

The core objective of this network is to provide best methodologies of Islamic microfinance, Shariah guidelines, and human resource to the industry.

Third working group meeting of Islamic Microfinance Network was held on Thursday at Lahore University of Management Sciences (LUMS) where national and international microfinance organisations took part.

Source: TheNews.com (link opens in a new window)