RIFAH CHAMBER OF COMMERCE & INDUSTRY
Humnabad Chapter
Monthly Business Meet & Knowledge Session — Detailed Report
Date: 10 October 2026, Saturday
Time: 8:00 PM
Venue: Super Function Hall, Humnabad
Topic: Business Finance
Key Speaker: Janab Sohail Akhtar
Founder, Innovative Solutions
1. Proceedings of the Meeting
Alhamdulillah, RIFAH Humnabad Chapter organised its Monthly Business Meet & Knowledge Session, focusing on business finance, financial discipline, and the key aspects of sustainable business growth.
The meeting commenced with the recitation of the Holy Qur’an by Janab Hafiz Mujeeb Sahab, followed by an introduction to RIFAH by Janab Abdul Faheem Sahab.
Janab Sohail Akhtar Sahab delivered an insightful session on Business Finance, highlighting the importance of financial planning, effective money management, and disciplined financial practices for business success.
2. Key Highlights of the Session
A. Business Finance & Accounting
Maintain accurate records of business income, expenses, profits, and cash flow.
Keep business and personal finances separate.
Calculate actual profits and regularly review the financial health of the business.
B. Cash Flow & Receivables
Ensure timely collection of outstanding payments from customers.
Monitor purchases, payments, and cash availability.
Maintain sufficient funds to meet the following month’s business expenses.
C. Savings & Financial Planning
Build an emergency reserve to manage unforeseen circumstances.
Allocate an appropriate portion of profits for business growth and reinvestment.
Plan in advance for tax and Zakat obligations.
Give due importance to personal savings and long-term financial security.
D. Business Growth & Financial Discipline
Use profits wisely and avoid unnecessary expenditure.
Make investments based on business requirements and future growth opportunities.
Take financial decisions based on accurate information and proper planning rather than emotions.
3. Closing Remarks — Janab Abdul Nasir Chaudhari
In his closing remarks, Janab Abdul Nasir Chaudhari emphasised the importance of sales, marketing, customer acquisition, and effective communication in achieving business growth.
He highlighted the following key points:
Improve Sales & Marketing: Understand market demand, competition, and customer preferences.
Strengthen Customer Relationships: Maintain regular communication, timely follow-ups, and effective negotiation.
Practise Financial Discipline: Keep business and personal finances separate and exercise control over expenditure.
Plan for the Long Term: Set clear business goals and develop a five-year business plan.
Save & Reinvest: Maintain a savings discipline and reinvest an appropriate share of profits to support business growth.
Uphold Halal Business Practices & Social Responsibility: Conduct business with honesty and integrity, follow Islamic business principles, and contribute towards community welfare.
He further stressed that hard work, consistency, discipline, and a well-defined strategy are essential for sustainable business success. Members were also encouraged to learn from the business practices of the Sahabah (RA) and draw guidance from Islamic teachings.
4. Conclusion
The meeting concluded with dinner and informal interaction among the participants. The gathering provided an opportunity to strengthen business relationships, encourage mutual cooperation, and explore potential business opportunities and collaborations among members.
Key Message
Earn Halal • Maintain Accurate Accounts • Understand Customer Needs • Practise Financial Discipline • Invest Wisely • Grow Sustainably • Serve the Community
Jazakum Allahu Khairan.
Abdul Nasir Chaudhari
RIFAH Chamber of Commerce & Industry
Humnabad Chapter
