It is noticeable that poverty has risen as one of the most crucial problems of the decade hitching fastest development of the countries on national and international level. It is the root cause of many social crimes like terrorism and social instability and poors are confronting problems as education, health, wages, food and social conflicts. Islam is the only religion that takes the responsibility of poverty alleviation as one of its main obligations. Zakat, Ushar, Waqaf, Fitrana, Qard-e-Hasna, Murabaha, Ijarah, Musharaka etc have the qualities to sustain society from the plague of poverty. This is the major reason of worldwide recognition of Islamic microfinance as a sustainable source of lessening poverty from the society. It is a pleasurable factor that more than 20 lakh beneficiaries are taking the edge of Islamic microfinance worldwide. A mutual note will be issued at the end of the conference that will be applied to separate Islamic microfinance all over the world.
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AlHuda Centre of Islamic Banking and Economics is organization working on Research, Advosiry, Training and Publication on Islamic Banking and finance.