Friday, April 19, 2013

Re: [MFP] Islami Microfinance Working Group Formed in Pakistan

 

Dear Awais,
Thank you very much for your concern. Poverty is our core area, although we have an integrated approach, however it is important to make our efforts in the direction. This collaboration aims at make collective efforts.
Best,
Farhat.
 
What I stand for
Poetry has been my life long passion(Having 67 published books on my credit) which helped me feel the misery and deprivation of the people around. I have felt and studied this all pervasive poverty from possible dimensions, giving me the belief this is not the ultimate destiny of the people on this planet earth. Now the question was how to fight it. I have wandered a lot to find the answer and ultimately was convinced that microfinance could be the ultimate tool in the given circumstances. Then I began to study the already existing structures of the microfinance. Without rejecting the whole exercise done so far, I embarked upon modifying it, without disturbing the existing strategies. And then one day, like Ian Fleming, I stumbled into Farz Methodology, which I developed further to the extent of reinventing microfinance. Once being convinced of this method, I wasted no time to practice it and spent all that I had, without any regard to the outcome. Without any claim to greatness, I firmly believe this methodology can even undo the certain miss adventures done in the past.
Farhat Abbas Shah
CEO
Farz Foundation
Pakistan


From: Muhammad Awais <mawaisq@hotmail.com>
To: "MicrofinancePractice@yahoogroups.com" <microfinancepractice@yahoogroups.com>
Sent: Wednesday, 17 April 2013 8:48 PM
Subject: RE: [MFP] Islami Microfinance Working Group Formed in Pakistan

 
Dear Farhat,
 
Thanks for sharing the news. How the chagne will be reflected in the work? Why poverty alleviation?
 
 
Regards


Awais
 
+92 (0) 300 4356 255
Skype:mawaisq

 

To: MicrofinancePractice@yahoogroups.com
From: farhatabbasshah@ymail.com
Date: Wed, 17 Apr 2013 05:11:14 +0000
Subject: [MFP] Islami Microfinance Working Group Formed in Pakistan

 
Islamic Microfinance Working Group titled as
Islamic Poverty alleviation Alliance Formed in Pakistan
Aiming at creating an interest free microfinance world
April 8 (Multan): The introductory meeting of Islamic Poverty Alleviation Alliance (IPAA) was held at the office of the NGO World, Multan. The host was the Founder of NGO World Mr. Zafar Iqbal.
It was decided that a formal organization by the name of Islamic Poverty Alleviation Alliance (IPAA) be formed to be registered as an NGO under the relevant laws. After mutual discussion following office bearers were elected. President Mr. Farhat Abbas Shah (Farz Foundation CEO), Senior Vice President Syed Mujahid Hussain (CEO AAS Foundation), Vice President Mr. Naeemullah (CEO HUNHAR Foundation), Secretary General Mr. Zafar Iqbal (NGO World), Finance Secretary Mr. Abdul Rehman Usmani (Al-Hijra Trust), Joint Secretary Mr. Raza Ali Shaikh (Director CAIE) and Information Secretary Ubaidullah (Director CRD).
The meeting decided that the Executive Body comprising the founding members will be dealing in the formalities to form the entity. IPAA will focus on community development by strengthening its member organizations through Islamic poverty alleviation Methodologies. The Vision of the IPAA will be to create an interest-free micro finance world. It was mutually agreed that only those organization shall become members of the IPAA who are registered non-profit organizations practicing or supporting Islamic Microfinance activities. It was decided that IPAA should be launched formally within next few weeks to act as a catalyst between donors and member organizations.




 
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