AlHuda CIBE, www.alhudacibe.com

4. Islam and Shariah Islam Aqidah (Faith & Belief) Shariah (Practices & Activities) Akhlaq (Morality & Ethics) IBADAT (Man to God Worship) Muamalat (Man to Man Activities) Political Activities Economic Activities Social Activities Banking & Financial Activities

10. Industry Progress in Pakistan

11. Encourage asset-based financing and based on commodity trading & Services Based on money trading. Money is a medium of exchange and not a commodity Partners, investor and traders, buyer or seller relationship Creditor-Debtor relationship Aim at maximising profit but subject to Sharia'h restrictions Aim at maximising profit without any restrictions Promote risk-sharing between provider of capital (investor) and user of funds (entrepreneurs) assured of pre-determined rate of interest Functions and operations are based on Sharia’h principles Functions and operations are based on fully man made principles Islamic Micro Finance Conventional Micro Finance

12. Deal in Zakat ( Non Muslim Countries ) Do Deal in Zakat It gives due importance to the public interest, its ultimate aim is to ensure growth with equity Very often it results in the banks own interest becoming prominent. it makes no effort to ensure growth with equity Islamic banks have no provision to charge any extra money from the defaulters It can charge additional money in case of defaulters No right of profit if there is no risk involved. The profit and loss sharing depositor may lose money in case of loss. It is almost risk free banking and depositor has no risk of losing its money because interest is guaranteed. Islamic Micro Finance Conventional Micro Finance

14. Thank You.