Second National Islamic Microfinance Conference held

The second National Islamic Microfinance Conference, which was jointly organized by the State Bank of Pakistan, University of Veterinary and Animal Sciences (UVAS) and Farz Foundation, was recently held. At the conference, it was discussed that it was necessary for State Bank of Pakistan to develop a new policy instrument to deal with the financial needs of the small businesses. It was further noted that skilled people in the Islamic micro-finance industry were needed. A suggestion was made for Wafaqul-Madaris to introduce Islamic microfinance as a subject in order to be of help in guiding the banks who are working in this sector after studying.

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