Islamic Leasing (Ijarah) products are feasible almost All over the World: Zubair Mughal

(16 October 2019, Dubai): International Conference on Ijarah was successfully concluded at Dusit Thani Hotel, Dubai – UAE. The purpose of that Conference was to promote, strengthen and unite the organizations on Islamic finance focusing on Islamic leasing (Ijarah) to explore and discuss innovative products of leasing under Shariah laws and financial inclusion strategies that can create clear pathways for growth and development of Islamic banking and finance industry. Eminent Speakers and industry professionals from well serving organizations related to Islamic leasing, leasing, banking and Islamic banking participated in the event. The aim of the Conference was to explore and discuss innovative products of leasing under Shariah laws and financial inclusion strategies that can create clear pathways for growth and development of Islamic banking and finance industry by gathering stakeholders under one roof. The Conference was organized by AlHuda Centre of Islamic Banking and Economics in association with Uzbekistan Lessor Association and in partnership with multilateral organization for the Development of the Private Sector, ICD-IsDB. ICD-IsDB is one of the premier Islamic multilateral financial institution working for the development of the private sector including Ijarah industry.

AlHuda arranged an impressive lineup of speakers from 15+ countries with the revealing sessions on the subject matter to explore more options for Islamic leasing industry. Mr. Zafar B. Mustafaev – CEO of Uzbek Leasing International A.O. General Director of Leasing Association of Uzbekistan inaugurated the Conference by saying that Islamic finance is the need of the time for sustainable economic growth and development. He further explained how Islamic finance different products are playing its role to sustain the financial markets. He also appreciated the efforts of AlHuda Centre of Islamic Banking and Economics.

Ijarah- Group photo

By addressing the event participants, Mr. Zafar B. Mustafaev- CEO of Uzbek Leasing International A.O. General Director of Leasing Association of Uzbekistan discussed about Islamic Finance: opportunities for leasing development in Uzbekistan, Mr. Sadaqat Ullah Khan – Senior Executive Vice President & Head of Sharia Advisory, Audit, Compliance, & Execution- AlHuda CIBE FZ LLE – Dubai Discussed about  Significance and Impact of Shariah Compliance in leasing, Mr. Hikmat Aliyev- Director- Julius Baer (Middle East) Ltd – Dubai, UAE Discussed about  Islamic Financial Instruments in private banking operations in CIS / post-Soviet Union region, Mr. Abdallah Adam- Director of Interest Free Banking- Awash Bank, Ethiopia Discussed about  Potential of Islamic Leasing (Ijarah) Products, Mr. Syed Ahmed Zafar- Territory Account Manager Sales, Path Solutions  – UAE Office Discussed about  Islamic Financing IT Solution, Ms. Zaib un Nisa- Representative AlHuda CIBE in Central Asia Discussed about  Development of Islamic Finance in Uzbekistan, Mr. Muhammad Zubair- Managing Director- AlHuda CIBE FZ LLE, Dubai, UAE Discussed about  Development of Islamic Banking and Ijarah, Mr. Sohail Zubairi- Senior Advisor- Dubai Islamic Economy, Dubai, UAE & Founding CEO Dar AlSharia- Dubai, UAE Discussed about  Development of Islamic Finance in UAE.

Addressing to the audience, the organizer of International Islamic Leasing Conference, Mr. Muhammad Zubair Mughal, Chief Executive Officer, AlHuda CIBE also said that Muslims and non-Muslims can equally take benefit of this alternative financial system.

In the Conference, delegates from Uzbekistan, Pakistan, United Arab Emirates, Nigeria, Tajikistan, Ethiopia, Oman, Saudi Arabia, and many other delegates from 20+ countries participated in it. Conference was continued for 1 day in which innovative products of leasing under Shariah laws and financial inclusion strategies that can create clear pathways for growth and development of Islamic banking and finance industry were discussed in the broader perspective.

The Conference was held followed by One Day “Post Event Specialized Training Workshop on Islamic Leasing” dated for October 15, 2019. This Workshop will cover a variety of allied topics. To learn more about please visit: http://alhudacibe.com/icil2019/

About AlHuda CIBE: AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research 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, advisory and capacity building for the last twelve years. The prime goal has always been to remain stick to the commitments 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

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Ms. Shaguftta Perveen- Manager Communications,

info@alhudacibe.com | Call: +92 42 35913096 – 98