Hyderabad summit pushes interest-free models for MSME investment and ethical growth
Hyderabad: Rifah Chamber of Commerce & Industry, Telangana, made a decisive pitch for interest-free investment and equity-led business models at the Investor & Investee Growth Summit held at FTCCI, Hyderabad. The event focused on shifting MSMEs and startups away from debt and toward sustainable, Shariah-compliant funding strategies.
Rifah Telangana President Yousuf Ali Khan opened the summit by urging entrepreneurs to abandon interest-based finance. He called instead for models rooted in transparency, partnership, and ethical community development. “Debt-driven growth damages long-term sustainability,” he said. “We must revive Islamic economic models that support both business and society.”
The session opened with Qur’an recitation, followed by a presentation outlining the summit’s objectives. Organisers emphasised that equity-based collaboration can empower small businesses and investors without compromising religious or financial integrity.
Collaborative capital models and MSME scaling in focus
Mirza Afzal Baig, Rifah General Secretary and strategic collaboration expert, led two key sessions. In the first, he introduced profit-sharing investment structures like Musharakah and Mudarabah. He explained their relevance for startups and individual investors, highlighting the need for clear documentation and strong governance. In his second session, Baig showed how resource sharing and mentorship can support growth where capital is limited.
Dr Shariq Nisar, a noted Islamic finance economist, addressed the full MSME growth cycle—from early-stage development to venture capital and IPO readiness. He argued that equity financing, paired with professionalism and financial discipline, can help entrepreneurs scale while remaining Shariah-compliant. He also urged business owners to plan strategically for long-term ethical expansion.
Chartered Accountant Jeelani Ahmed provided practical guidance for investors. He outlined compliance steps for profit-based funding and advised them to prioritise value creation over short-term gains. Responsible risk management, he said, was key to sustaining investor confidence.
The summit’s interactive Q&A segments allowed entrepreneurs to share challenges and clarify doubts. Attendees—some of whom travelled from outside Hyderabad—praised the summit’s hands-on approach and clarity on ethical business models.
Marking the occasion, Chief Guest Dr Shariq Nisar unveiled the Rifah Telangana 2026 Calendar in the presence of National General Secretary Afzal Baig. The launch reaffirmed Rifah’s long-term commitment to ethical enterprise and community-led growth.
The event concluded with a networking session that facilitated introductions between investors and entrepreneurs. Rifah Telangana pledged to continue hosting such forums to foster an inclusive and interest-free economic ecosystem.