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Muhammad Zubair Mughal of Al Huda Center of Islamic Banking and Economics attended his first Microcredit Summit. He discusses Islamic microfinance, the role of microfinance to help end poverty and the lessons learned at the 18th Microcredit Summit with Miranda Beshara, editor of the Arabic Microfinance Gateway. Mughal learned from the Summit about different techniques for poverty alleviation. Specifically, he appreciates the focus on financial education, insurance, and integrating health service.
Al Huda is dedicated to developing Islamic microfinance, poverty alleviation, and social development. “There is a misconception that Islamic microfinance is only for Muslims,” said Mughal. “No. Islamic microfinance is a system which can be utilized by Muslims and non-Muslims for poverty alleviation and social development,” Mughal concludes.