Author Archives: IMFN - Page 2
BOP opens Islamic banking branch in Peshawar
The Bank of Punjab Islamic Banking Group has extended its network by inaugurating its 100th Taqwa Islamic banking branch at Nasir Bagh, The branch will facilitate individuals, business community, and…
Islamic Finance After COVID-19
The Islamic finance industry slowed down significantly in 2020 after experiencing a very strong 13% growth rate in ;Islamic financial institutions spent most of the year coping with the dual…
Microfinance sector recoveries stall
The microfinance sector of Pakistan is currently undergoing a recovery from the dent endured during the Covid-19 lockdown. The sector, which had posted a steady growth over the past few…
Ethiopia gets $100m W/Bank loan to finance women entrepreneurship
The World Bank on Friday announced a $100 million loan to Ethiopia to finance women entrepreneurship development projects in the east African project aims to increase the earnings and employment…
China extends loan help for coronavirus-hit small businesses in bid to maintain economic recovery
Small businesses will be allowed to further postpone their principal and interest repayments on inclusive loans past the previous deadline of the end of MarchChina’s State Council also extended the…
Microfinance groups secure $15 million debt financing from IFC
The private sector arm of the World Bank Group, the International Finance Corp. (IFC), plans to issue up to P750 million ($15 million) in debt financing to two of the…
Microfinance: savings delight
This space had previously highlighted that the pandemic’s peak quarter (Apr-Jun) had been a mixed bag for the country’s microfinance sector – rising deposits and shrinking borrowing. Now with the…
How Islamic banks compare to other financial institutions
In their article for Business Daily, Christos Alexakis, Vasileios Pappas & Athina Petropoulou explain, among others, why Islamic finance may be important to Greece. What are Islamic banks? In western banking the interest rate reflects the…
‘Covid-19 holds opportunity to transform Pakistan into cashless society’
Mudassar Aqil, chief executive officer of Easypaisa/Telenor Microfinance Bank talked about challenges and opportunities in corona norms, digital financial market potential and regulatory Q: How do you see economic slowdown…
How Gulf countries compare globally for Islamic finance
Bahrain, the UAE and Saudi Arabia have ranked in the world’s top five Islamic finance economies, according to the latest annual Islamic Finance Development Indicator (IFDI). The kingdom, which has…