Author Archives: IMFN
Microfinance banks decry losses after loan
The Chairman of the National Association of Microfinance Banks (NAMB), Kwara State Chapter, Alhaji Ahmad Baba-Suleiman, decried the huge amount owed by civil servants in microfinance banks across Kwara state.…
Dar Al-Arkan of Saudi Arabia lists USD400m Sukuk on Nasdaq Dubai SUBMITTED
The listing brings Dar Al-Arkan’s total Sukuk value listed on Nasdaq Dubai to two billion US dollars, following the listing of a USD600 million Sukuk in October 2019 and…
Islamic finance in Southeast AsiaIslamic finance in Southeast Asia
The global Islamic finance market is growing moderately, because of the strong investments in the Halal sector, infrastructure, and Sukuk bonds. In 2018, Brunei hosted the Brunei Islamic Capital Market…
Cameroon: Livestock, Fisheries Production – Credit Facility to Enhance Production in NW FacebookTwitterWhatsAppFlipboardLinkedInRedditEmailShare
Government, Islamic Bank scheme targets delivery of loans worth about FCFA 750 million to create job opportunities, increase productivity of active poor in livestock and fisheries sectors. The North West…
China to introduce strong financial measures to help smaller firms tide over difficulties
China will roll out a set of strong financial policies, including encouraging financial institutions to provisionally defer loan payments and increasing lending at concessional rates for micro-, small- and medium-sized…
Islamic finance in Qatar is witnessing ‘unprecedented’ expansion, says al-Kuwari
Islamic finance, which is a key economic pillar of Qatar, has been witnessing an “unprecedented” expansion and the assets within the sector saw a compounded annual growth of 8% since…
Microfinance records 47% growth in 2019
Chairwoman of the Egyptian Union for Microfinance Mona Zou al-Faqar told press on Tuesday that the number of microfinance recipients grew by percent to record million in 2019 and that…
Circular debt: Govt gearing up to launch Sukuk-II for Rs200b
The Power Division is in the process of gearing up to launch the Sukuk-II for raising Rs200 billion after getting competitive interest rate of the loans from a consortium of…
Sokoto Disburses N1bn Soft Loans to Traders, Artisans
By Onuminya Innocent The Sokoto State government has disbursed interest-free loans of N1 billion to traders and artisans in the state. The disbursement was done at the flag-off of the…
IHS Markit, Tadawul launch local currency Sukuk Indices
London -based IHS Market ,a service provider of critical information, analytics and solutions, is collaborating with the Saudi Stock Exchange (Tadawul) and has announced today the launch of the iBoxx…