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Islamic Microfinance is an effective tool for the poverty alleviation and it should be introduced around the globe to state an effective policy for ultimate poverty alleviation from the world, Dr. Fatima Mohamed Yousif Al-Balooshi, Minister (Ministry of Social Development - Bahrain) stated. Dr. Fatima Al-Blooshi was speaking as a Chief Guest in the 3rd Global Islamic Microfinance Forum (GIMF) held on 6th to 8th October, 2013 in Dubai. Muhammad Zubair Mughal (CEO - AlHuda CIBE), said that the involvement of interest in micro financing is one of the major causes behind the increasing poverty in Muslim countries. He said that the forum aimed to streamline the policies for poverty reduction, to promote the Research and Education in Islamic Microfinance industry and to enhance its outreach on global canvas.