Author Archives: IMFN
Blockchain-Powered Islamic Bonds to Fund Microfinance Projects in Indonesia
Indonesian firm Blossom Finance has announced plans to launch blockchain-based sukuk, Islamic bonds, to fund microfinance projects in the Muslim-majority country. Blossom Finance’s “Smart Sukuk” to Automate Issuance of Islamic Bonds The…
Microfinance Company, Blossom Finance Issues Shariah Compliant Bonds via Blockchain
With the blockchain use case being adopted for a variety of purpose, an Indonesian financial firm, Blossom Finance is eagerly exploring to issue Sharia-compliant bonds namely sukuks across the blockchain…
IMF -WB – Financial Services Authority promotes fintech for MSMEs, Shariah Finance
Nusa Dua, Bali, (ANTARA News) - The Financial Services Authority (OJK) encourages using financial technology (fintech) as a financial inclusion platform to open funding access for micro, small, and medium…
Islamic microfinance products
The Delta Summit brought together the blockchain community, which is said to be the first of its kind given that Malta is the only jurisdiction in the world that is…
Malta the Blockchain island announces Islamic Microfinance Products during Delta Summit
The Delta Summit in Malta brought together the blockchain community which is said to be the first kind of its sort given that Malta is the only jurisdiction in the world…
MICROCAPITAL BRIEF: Islamic Corporation for the Development of the Private Sector (ICD) Lending to Asaka, Asia Alliance Bank for Shariah Finance in Uzbekistan
Two Uzbekistani joint-stock commercial banks, Bank Asaka and Asia Alliance Bank, recently signed memoranda of understanding with the Islamic Corporation for the Development of the Private Sector (ICD), a member…
CBN to Revoke 154 Microfinance Banks’ Licences, 28 Others
The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licences of 182 other financial institutions in the country. According to the list released by the…
All Necessary Machinery in Motion for the Establishment of an Islamic Microfinance Bank for Youths Empowerment
ICICE Seeks Sultanate Support to Develop Interfaith Dialogue THE International Centre for Islamic Culture and Education (ICICE), Abuja has sought the support of the Nigeria Supreme Council for Islamic Affairs…
8th Global Islamic Microfinance Forum to be Held in Dubai – U.A.E.
Under the Theme of Financial Inclusion, FinTech, Outreach Strategies & Innovation Press Release (Dubai)): 8th Global Islamic Microfinance Forum (GIMF) will convene in Dubai – on 25th - 26th November,…
Islamic microfinance start-up sets up Sukuk on blockchain, targets SMEs, social impact projects
An Islamic microfinance start-up has launched what is believed to be the world’s first smart sukuk issued on a blockchain platform, which it hopes can channel greater liquidity to small-…