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International Islamic Microfinance Network

International Islamic Microfinance Network. Mrs. Farida Tariq CEO CWCD www.cwcd.org.pk. VISION. An apex global network, mitigating poverty through development and enhancement of Islamic Microfinance Institutions and systems worldwide. MISSION.

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International Islamic Microfinance Network

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  1. International Islamic Microfinance Network Mrs. Farida Tariq CEO CWCD www.cwcd.org.pk

  2. VISION An apex global network, mitigating poverty through development and enhancement of Islamic Microfinance Institutions and systems worldwide

  3. MISSION Support of the national and international Islamic Microfinance Institutions in developing Standardized, Coordinated, Transparent & Shariah Compliant products & procedures for alleviating Poverty

  4. HISTORY • IMFN is a Non Profit Organization, formed in 2009 by a group of Islamic Microfinance Institutions, dedicated for the development and promotion of the Islamic Microfinance Industry through Innovation, Shariah Compliance Product Development, Institutional Capacity Building, Donor Linkages & Up scaling of Islamic Microfinance Institutions. • The Network focuses on Public & Institutional Awareness of the Islamic Financial Systems

  5. FOUNDING MEMBERS OF IMFN • Centre for Women Cooperative Development CWCD • Akhuwat • Alhuda Center for Islamic Banking & Economics • M. Khaleequzzaman (IIUI) • Khunde Kor • Muslim Aid • Helping Hands • Islamic Relief • Karakoram Cooperative Bank • Takaful Pakistan

  6. Structure of the Board

  7. Core Objectives

  8. Who Can Join? • Practitioners • Academia • Advisors

  9. Criteria of Membership

  10. Practitioners • National & International Operators of Islamic Microfinance with strong commitment to Islamic Microfinance Systems • Has been able to develop Islamic Microfinance Products through consultation of Recognized Shairah Board • Must clearly declare the Islamic Microfinance System as part of their Mission Statement • Has been Practicing Islamic Microfinance for the Past One Year • Share the Mission and Objectives of IMFN • Institutions must be under Legal Structure of their respective Country • Be ready to Share experiences & Data with IMFN

  11. Academia • Scholars working for the development of Islamic Financial Systems • Institutions offering Islamic Financial Systems as part of their curricula and/or research on Islamic Financial Systems • Institutions providing training in Islamic Finance

  12. Advisors • Religious Scholars and Ulema dedicated for the promotion of Islamic Financial System • Must have working experience in Islamic Financial Institutions • Advisory Firms working for the development of Islamic Financial Systems

  13. Takaful & Islamic Insurance Companies • Companies must be offering Islamic Insurance

  14. IMFN Board • Total number of Board Members will be at least 7 elected by the General Body Members • Two Statuary Committees will be formed • Finance Committee • Audit Committee

  15. Membership Fee • Registration: Rs 100,000 • Annual Subscription: Rs 40,000

  16. Thank You For Inquires Contact Us Office Secretary IMFN 148 P Model Town Ext. Lahore +92 423 5167135,5167658 Fax: + 92 423 5166954

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