The Islamic Poverty Alleviation Alliance (IPAA), the premier Working Group of Islamic Microfinance was formed at the introductory meeting held at the office of the NGO World, Multan, hosted by NGO World Founder Zafar Iqbal. The group decided that a formal organisation by the name of IPAA be formed to be registered as an NGO under the relevant laws. After mutual discussion following office bearers were elected.
President Farhat Abbas Shah (Farz Foundation CEO), Senior Vice President Syed Mujahid Hussain (CEO AAS Foundation), Vice President Naeemullah (General Secretary HUNHAR Foundation), Secretary General ZafarIqbal (NGO World), Finance Secretary Abdul Rehman Usmani (Al-Hijra Trust) 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 organisations through Islamic poverty alleviation methodologies. The Vision of the IPAA will be to create an interest-free microfinance world.
It was mutually agreed that only those organisation shall become members of the IPAA who are registered non-profit organisations practising 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 organisation.-PR