Author Archives: IMFN
IsDB Group Commits US$ 1.2 Billion to Support Post-Pandemic Recovery
Tashkent, Uzbekistan – 4 September 2021 – The Islamic Development Bank (IsDB) Group, the AAA-rated multilateral development bank of the Muslim world, has announced US$ billion in funding commitments as…
Housing finance for NRPs to boost Islamic banking footprint
Islamic housing finance is expanding at a fast pace and the new scheme that facilitates overseas Pakistanis to buy a house for themselves or their families in Pakistan provides Islamic…
Newark-based SPBD tops $200 million in loans to low-income women entrepreneurs
The Newark-headquartered SPBD Microfinance Network this month surpassed $200 million in “micro loans” disbursed to tens of thousands of women entrepreneurs in the South Pacific. New Jersey native and SPBD…
Islamic Banking Industry has experienced healthy progress: Tarin
Federal Minister for Finance and Revenue, Shaukat Tarin, said that the Islamic Banking Industry has experienced healthy progress over the years and the time has come to contemplate upon the…
How Nigeria Can Deepen the Capital Market Through Non-Interest Finance
Non-Interest finance products have played a critical role in the growth and development of the Nigerian capital market ecosystem. Mr. Akeem Oyewale, the CEO of Marble Capital, made this point…
Interview with Jahanzeb Khan, CEO, FINCA Microfinance Bank Limited
“Digitization can go a long way in helping enhance microfinance outreach” Jahanzeb Khan possesses 23 years of global and local experience in fintech, financial services and banking. He is a…
Microfinance borrowers cross the 8m mark
With the number of active borrowers crossing the eight-million mark for the first time, microcredit outreach in the country grew percent on a quarterly basis in April-June. According to the…
Islamic Development Bank (IsDB) Group Private Sector Institutions to Host the Private Sector Forum 2021
The private sector institutions of the Islamic Development Bank (IsDB) Group () will organize the “Private Sector Forum” on September 2, 2021, in Tashkent City Congress Hall, Tashkent – the…
kamyab-pakistan-programme
The trillion Kamyab Pakistan Programme (KPP), promising interest-free loans for seven million families, is the most ambitious micro-credit program ever planned in Pakistan. It has three components: Kamyab Jawan, Naya…
Egypt channels $2.4bn finance into 36 projects for education, research development
Egypt's Ministry of International Cooperation has secured development finance worth $, through multilateral and bilateral cooperation, to launch 36 education and scientific research development projects across 74 locations nationwide. The…