Author Archives: IMFN - Page 2
Pakistan’s Mobilink Microfinance Bank Receives Best Digital Bank Award from Nation’s CFA Society
Mobilink Microfinance Bank Ltd (MMBL), which is part of Pakistan’s mobile operator Jazz, has been awarded “the Best MicroFinance Bank (Digital) of the Year Award” from the CFA Society in Pakistan. The award was given…
Islamic banks play key role in project finance
Although Islamic banking is a relativelyrecent addition to the financial systemsof a number of Arab and Islamic countries, it is making a significant contribution to the economies of these countries…
Islamic finance to lessen Covid-19 impact
DEVELOPMENTS of the Islamic financing instruments could help lessen the financial impact of the Covid-19 pandemic on the vulnerable populations. World Bank Group East Asia and Pacific VP Victoria Kwakwa (picture) said…
SPECIAL REPORT: Saving(s) Microfinance in a Pandemic – and Beyond
Bank in the distant pre-pandemic memory, e-MFP launched the European Microfinance Award (EMA) 2020 on Encouraging Effective & Inclusive Savings. While clearly an important topic, with innovations across the sector that are ripe…
Central Bank of United Arab Emirates : CBUAE & Dubai Islamic Economy Development Centre Join Forces to Strengthen Islamic Banking Sector
CBUAE & Dubai Islamic Economy Development Centre Join Forces to Strengthen Islamic Banking Sector Abu Dhabi/ Dubai ( October 3rd, 2020): The Central Bank of the UAE (CBUAE) today signed…
SHUAA launches three Sharia-compliant funds in ADGM and secures USD 75 million of commitments
SHUAA launches three open-ended Sharia-compliant funds targeting qualified institutional investors through its wholly owned subsidiary, SHUAA GMC Limited United Arab Emirates: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment…
Shariah-compliant business: SBP issues guidelines for DFIs
The State Bank of Pakistan (SBP) issued guidelines for Development Finance Institutions (DFIs) to undertake Shariah compliant businesses and operations aimed to enlarge the scope of Shariah compliant financial services…
Investors scramble for Nigeria’s Islamic bond, defy religious criticism and bid $2b
Nigeria’s third Sukuk bond has fetched $ billion, an oversubscription of the targeted $533 million offered to investors, despite the paper eliciting religious controversy. The oversubscription of 446 per cent…
Saudi Arabia will shift more to Islamic finance next 12-18 months – Moody’s
Credit rating agency Moody’s anticipates that Saudi Arabia will shift more to Islamic finance in the next twelve to eighteen months. The shift is due to corporates and households increasingly…
Mini loans for major change
MOST emerging markets suffer from financial exclusion. Pakistan is no exception. In a country of 220 million people, we only have 10m active loan customers. Commercial banks lend to less…