AlHuda Centre of Islamic Banking and Economics (CIBE) is going to organize CIS Islamic Banking & Finance Awards at Tashkent, Uzbekistan on May 02, 2019. The awards will be given to the prominent stakeholders of CIS Islamic banking and financial industry. 15 awards categories include Best Islamic Bank, Best Takaful Institution, Best Islamic Microfinance Bank, Best Shariah Advisor and Life Time Achievement Award.
While talking about CIS Islamic Banking & Finance Awards, organizer of the awards, CEO AlHuda CIBE Mr. Muhammad Zubair Mughal said that Islamic banking and finance industry is rapidly growing all over the world and total volume is exceeding from 2.6 trillion dollars. Commonwealth Independent States (CIS) are the prominent growing market of Islamic banking and finance. He said that according to a credible source, Islamic finance is rapidly growing in CIS countries with all zeal and zest. Many CIS countries have made or going to make specific Islamic laws to implement Islamic banking and finance and to grow Islamic banking and finance accurately. This initiative can attract Foreign Direct Investment (FDI) specifically from Gulf countries and can help in poverty alleviation and socio-economic development.
He further added that more than 50 Islamic financial institutions had applied in various award categories and 15 institutions have been finalized in various categories after a strict process. The award ceremony is the part of CIS Islamic Banking & Finance Forum to be held on May 02, 2019 in which delegates from various countries will take part. It is important to note that AlHuda CIBE is working globally for the promotion of Islamic banking, finance, advisory, consultancy, product development, distance learning, and training and workshops.