Certified Islamic Fund Manager

AlHuda CIBE is a pioneer organization started its efforts to promote Islamic Banking & Finance eight years ago. AlHuda CIBE has primarily been committed to provide quality services. It has built up a range of excellent services in the promotion of Islamic Banking & Finance into the masses through Advisory and Consultancy, Education, Trainings, Awareness, Product Development and Publications.

In our continuing development and professional excellence, we are pleased to offer “Certified Islamic Fund Manager” designed by industry specialists and renewed Islamic scholars. This program ensures the balance between the subjective and practical knowledge on Islamic Funds and Asset management. It also offers comprehensive knowledge that will strategically prepare candidates in building their skills, competencies and experience as they enter into the Islamic funds and asset management being Shariah compliant.

Profile of this program is attached for your kind perusal. For further information about the program, please visit: www.alhudacibe.com/dlp/islamicfund.php

اسلامی مالیات کے لیے 2014 بہترین سال ہو گا

2014 will be promising for Islamic Finance Industry

Islamic finance volume will be reaching at US $ 2 trillion with having 78% share of Islamic banking, 16% Sukuk, 1% Takaful, 4% Islamic funds and 1% Islamic Microfinance: Zubair Mughal

31-12-2013

(Lahore) Islamic finance will grow with rapid pace in the year 2014 and its volume will pass through US $ 2 trillion where Islamic banking keeps 78%, Sukuk 16%, Takaful 1%, Islamic Funds 4% and Islamic Microfinance has 1% share in the Islamic Finance industry. In the year 2014, Dubai and London will be in competition to be the global hub of Islamic Banking and Finance while Kuala Lumpur will also attempt to be in this contest but the Islamic finance industry can be grown more through synergizing approach and alliance with industry stakeholders rather than setting any competition. These views were expressed by Islamic Finance expert, Mr. Muhammad Zubair Mughal, CEO - AlHuda Centre of Islamic Banking and Economics (CIBE) during an analysis on Islamic finance industry in the beginning of year 2014.        

He said that the Islamic finance industry growth will go on double digit in 2014 which will turn the US $ 1.6 trillion volume of Islamic finance industry in December 2013 to US $ 2 trillion by the end of 2014 including North African countries (Tunisia, Libya, Morocco, Senegal and Mauritania etc), rising trends of Islamic finance in Europe and UK, also the rising and substantial share of international market of Sukuk shall contribute to it. It is anticipated that India and China may step towards the Islamic finance in 2014 where more than 200 million Muslim populations are in search of a compatible financial system with their religious beliefs and thoughts. He said there is no doubt that international financial crisis will not hit the Islamic finance industry but due to the Arab Spring, Islamic finance industry has faced recession in some countries of MENA but there are chances of  their revival in 2014.

He, giving an analysis, said that Sukuk will grow rapidly in 2014 and Muslim countries including non-Muslim countries e.g UK, China, South Africa and Europe etc will also get benefit from it which will enhance the growth in Islamic finance industry but Takaful Industry is not supposed to have any substantial breakthrough. It is being hoped that 2014 will prove better period for Islamic Microfinance industry as different international institutions including Islamic Development Bank (IDB) have declared it a potential tool for poverty alleviation around the globe. He also added that Islamic finance industry may face recession in certain countries including Indonesia while in Nigeria and Tunisia it may face some problems on religious and political grounds. He said that the Islamic finance initiatives in America and Canada including Latin American countries (Brazil, Argentina and others) have been taken and it is hoped that Islamic Funds market will come into existence in these regions by the year 2014.

International Trade can be enhanced through Halal Certification : Muhammad Zubair Mughal

The Global Halal Market size of 1.8 billion Muslim population is $ 3.2 trillion.

Zubair Mughal (CEO - Halal Research Council) Speaking about “Halal Certification Process” at “International Halal Accreditation Forum 2013” which was held on 25th – 26th October, 2013 at Istanbul by the Govt. of Turkey. This forum was inaugurated and chaired by H.E Tayyip Erdoğan, Prime Minister, Republic of Turkey. — at İstanbul Congress Center / İstanbul Kongre Merkezi

(Istanbul) The importance of Halal Certification is being well-known because of rising awareness with Halal in Muslim societies which is increasing the Halal Certified products and services rapidly and finally international trade can be enhanced in the Halal marker having a size of $ 3.2 trillion of 1.8 billion Muslim population, these views were expressed by Muhammad Zubair Mughal CEO – Halal Research Council (HRC) during the speech at International Halal Accreditation Forum (IHAF) jointly organized by Turk AK, Ministry of European Union Affairs and SMIIC under the supervision of Turkish government on 25th and 26th October, 2013 at Istanbul in which delegates from more than 60 countries participated.

He also said that there are more than 300 Halal Certification bodies working in more than 125 countries while Halal certification is not only the name of business rather a big religious responsibility and on its basis, millions of people use these products discriminating the Halal and haram but a minor ignorance can cause a damage to the Shariah. In Islam Halal and haram is not only confined to the Food industry rather its scope covers the Services (Islamic Banking, Halal Tourism and Halal Business etc), Cosmetics and Physical (Touchable) items. He also pointed out that non-Muslims have 82% control over Halal industry which is the unsafe phenomenon for the Muslims having only 18% share in the Halal industry. He, presenting Pakistan as a Case Study, said that there is viable environment in Pakistan for Halal Industry in which Halal Laboratories, Halal Meat Complex, Halal Accreditation Scheme, Government facilitations and well known Educational Institutes and schools for Food Industry are included that is why the majority people, having more than 50% control on Halal Certification belong to Pakistan and also facilitating in Halal Certification in America, UK, Germany, Australia, Canada, Norway, Switzerland, Belgium and Spain which is an authentic source of availability of Halal Products for Muslims.

Tayyip Erdoğan – Prime Minister of Turkey, addressing to inaugural ceremony of International Halal Accreditation Forum (IHAF), welcomed all the international experts of Halal Industry came from different parts of the world and expressed his well wishes for the success of Forum. Remember, IHAF itself was the first initiative on Halal Accreditation of Halal Certification Industry.