LAHORE The speakers at the first National Islamic Microfinance Conference said that Islamic microfinance addressed the limitations posed by interest-based loaning, besides facilitating the poor by Shariah-compliant methods as well as focusing on micro-enterprises. Islamic microfinance enables us to reach out to millions of people, rendering them skills and providing them economic environment to use their skills in a productive and profitable manner, they observed. The moot was organised by Farz Foundation at LCCI on Saturday. The conference provided an opportunity to the Islamic microfinance players, practitioners and regulators for effective networking to meet the challenges posed to the sector. The conference was aimed at bringing to gather the business community, microfinance organizations and the poor, for illusive macroeconomic stability through poverty alleviation. Dr Amjad Saqib, Shahid lqbal Mohammad, Sultan Tiwana, Imran Ahmed, Humaira Awais Shahid, Mufty Mahmood, Zubair Mughal. Mufty lftikhar Baig, Dr Shehla, Shoaib Hashmi, Saeed Qazi, Rafay Mahmood and Farhat Abbas Shah spoke on the occasion. Participants of the conference included State Bank of Pakistan, Lahore Chamber of Commerce & Industry, SAARC Chamber of Commerce and Industry, Federation of Pakistan Chambers of Commerce and Industry, Islamic Microfinance Network International, Women Chamber of Commerce & Industry South Punjab, Akhuwat, Naemat Islamic Microfinance, Pakistan Microfinance Network, Kashf Foundation, Mojiz Foundation, Pak Qatar Family Takaful, Ahan, Smeda, Alhuda and others. Iftikhar Ali Malik, vice president of SAARC CCI chaired the inaugural session, Amir Ata Bajwa was the chief guest while LCCI President Shahzad Ali Malik chaired the award distribution ceremony. The speakers at the seminar said that Farz Foundation was the first Shariah-certified Islamic Microfinance Organization of Pakistan, which began its operations as a registered entity on September 9, 2009. They said that it has so far facilitated 128 families through Murabah by delivering the poor, productive assets to generate economic activity rather than disbursing hard cash. Farz Foundation has introduced the Farz methodology which aims at alleviating poverty with interest-free financial tools on the basis of partnership, they added. They said that it has also successfully completed its pilot project with zero percent default at a time when the conventional microfinance underwent very hard times. In our on going phase we intend to demonstrate the unrealized potential of this methodology for the investors to kick start an economic activity in this very difficult period. To achieve this goal we need to approach around twenty million job and asset less people of Pakistan, who desperately await help, they observed.