Since inception, Wasil Foundation is devoted towards the achievement of its objectives—poverty alleviation through enterprise development and the creation of value chains. The aim of the organization is to economically empower poor communities and facilitate them in developing their businesses through Micro Credit and Enterprise Development Programs. In 2009, Wasil Foundation (formerly CWCD) extended its operations from Conventional Micro-finance to Islamic Micro-finance and eventually discontinued conventional micro-finance in 2010, thus becoming a purely Islamic Micro-finance organization. Wasil Foundation has thus become the pioneer organization in Islamic Microfinance operations in Pakistan. Under Islamic Micro-finance, Wasil Foundation has successfully introduced five Murabaha, Sala’m, Istisna, Ijara and Diminishing Musharaka in the true spirit of Islam.