Author Archives: IMFN
SBP increases loan limits, expands relief measures for microfinance borrowers
he State Bank of Pakistan (SBP) announced on Monday sweeping increases in the limit for housing microenterprise loans, as well as income eligibility, in a bid to promote low-cost housing…
Global microfinance needs a fresh look
The coronavirus pandemic has thrown the microfinance sector off-kilter and made the road to recovery for an already besieged sector longer and harder. COVID-19 has inflicted the greatest pain on…
Options launches Sharia-compliant workplace pensions
Pension provider Options UK, formerly known as Carey Pensions, has joined forces with Halal investment specialists Wahed Invest to launch a fully diversified, Sharia-compliant workplace pension. The new pensions offering…
State Bank revises regulations for microfinance banks
The State Bank of Pakistan (SBP) on Thursday revised a range of regulations for microfinance banks such as up-scaling maximum loan sizes upto Rs350,000 for general loans and Rs3,000,000 for…
Micro-loan program gets expanded for local small businesses
The city of Ontario was awarded $135,000 of additional funds from Business Oregon to aid in the support of small businesses according to a news release from the office of…
ISLAMIC FINANCING- A MARKET WORTH OBSERVING GROWTH: DUBAI ISLAMIC BANK, EMIRATES NBD, HSBC
A new business intelligence report released by HTF MI with title “Global Islamic Financing Market Size, Status and Forecast 2019-2025” is designed covering micro level of analysis by manufacturers and…
There are Now 142 Islamic Fintech Firms Globally, According to IFN Islamic Fintech, a “One-Stop-Shop” for Info on Shariah-Compliant Services
IFN Islamic Fintech, a “one-stop-shop” for industry knowledge, networking, and communication in the global Islamic financial technology space, revealed on July 30, 2020, that there are now at least 142…
Collaboration Between Industry and Academia, Key To Developing Islamic Finance In Nigeria
Collaboration between Islamic finance practitioners and academia will be vital to the development of Islamic Finance Law in Nigeria. Dr. Umar Oseni, Chief Executive Officer and General Counsel, International Islamic…
ICD is Committed to Strengthened the Islamic Finance during the COVID 19
Global Islamic Banking and Finance Learning Series is Launched by AlHuda CIBE (30th July 2020, Lahore): AlHuda CIBE has launched a Webinar Series on Islamic banking & finance to learn…
Dubai readying code for global legislative framework for Islamic finance by second quarter of 2021
The Dubai Islamic Economy Development Centre (DIEDC) is readying the code for a global legislative framework for Islamic finance by the second quarter of next year. In an exclusive interview…