Press Release - CIS Islamic Banking & Finance & Awards

1. Center of Islamic Banking and Economics Press Release CIS Islamic Banking & Finance Awards to be Held in Tashkent, Uzbekistan “Purpose of the CIS Islamic Banking and Finance Awards is to encourage Islamic financial institutes” (March 04, 2019 (Dubai)): AlHuda Centre of Islamic Banking and Economics (CIBE) is going to organize CIS Islamic Banking & Finance Awards at Tashkent, Uzbekistan on May 02, 2019. The awards will be given to the prominent stakeholders of CIS Islamic banking and financial industry. 15 awards categories include Best Islamic Bank, Best Takaful Institution, Best Islamic Microfinance Bank, Best Shariah Advisor and Life Time Achievement Award. While talking about CIS Islamic Banking & Finance Awards, organizer of the awards, CEO AlHuda CIBE Mr. Muhammad Zubair Mughal said that Islamic banking and finance industry is rapidly growing all over the world and total volume is exceeding from 2.6 trillion dollars. Commonwealth Independent States (CIS) are the prominent growing market of Islamic banking and finance. He said that according to a credible source, Islamic finance is rapidly growing in CIS countries with all zeal and zest. Many CIS countries have made or going to make specific Islamic laws to implement Islamic banking and finance and to grow Islamic banking and finance accurately. This initiative can attract Foreign Direct Investment (FDI) specifically from Gulf countries and can help in poverty alleviation and socio-economic development. He further added that more than 50 Islamic financial institutions had applied in various award categories and 15 institutions have been finalized in various categories after a strict process. The award ceremony is the part of CIS Islamic Banking & Finance Forum to be held on May 02, 2019 in which delegates from various countries will take part. It is important to note that AlHuda CIBE is working globally for the AlHuda Head Office: P.O Box. 120867, Dubai - U.A.E, Ph: 00971 55 938 99 00 Pakistan Office: 98A Sunflower Society, J1 Johar Town, Lahore – + 92 (0)42 - 35913096 – 8 Email: info@alhudacibe.com Web: www.alhudacibe.com AlHuda Center of Islamic Banking and Economics Center of Islamic Banking and Economics

2. Center of Islamic Banking and Economics promotion of Islamic banking, finance, advisory, consultancy, product development, distance learning, and training and workshops. About AlHuda (CIBE) AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research, advisory and capacity building over the last twelve years. The prime goal has always been to remain stick to the commitments and provide state-of-the-art Advisory Consultancy and Education through various well-recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Trainings Workshops, and Islamic Microfinance and Takaful Consultancies etc. side by side through our distinguished, generally acceptable and known Publications in Islamic Banking and Finance. We are dedicated to serving the community as a unique institution providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 35 Countries for the development of Islamic Banking and Finance industry. For further Details about AlHuda CIBE, please visit: www.alhudacibe.com For Media Contact: Ms. Shaguftta Perveen Manager Communications, info@alhudacibe.com Call: +92 42 35913096 - 98 AlHuda Head Office: P.O Box. 120867, Dubai - U.A.E, Ph: 00971 55 938 99 00 Pakistan Office: 98A Sunflower Society, J1 Johar Town, Lahore – + 92 (0)42 - 35913096 – 8 Email: info@alhudacibe.com Web: www.alhudacibe.com AlHuda Center of Islamic Banking and Economics Center of Islamic Banking and Economics