Author Archives: IMFN - Page 2
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-…
Shariah Fintech – A Case Study of Indonesia
Fintech has undoubtedly changed the world of finance in the 21st century. Its continued growth has ushered in a host of regulatory changes in the financial industry as existing regimes…
Nigeria and South African Startups Shine in the List of 10 Startups Selected for SBC Afritech 2018- Nigerian based Bankly Technologies for Savings One of Them
Startupbootcamp (SBC) AfriTech gave a list of 10 startups that it shortlisted to take part in its 2018 cohort all have “market-ready” solutions. According to the CEO of SBC, Philip…
Pakistan to Open its First Free University Soon By a Microfinance Company Which Provides Interest-Free Loans in Pakistan
Pakistan is all set to open its first free university on Independence day, 50kms away from Lahore, in Kasur district. Mohammed Amjad Saqib who is the executive director of Akhuwat,…
East Africa rides the Islamic Finance Train Focusing on the Rural Agricultural Sector; Uganda Next to Join
Countries in East Africa, those lining the Red Sea coast and those further south, are increasingly joining the Islamic finance industry as their Muslim population grows and demand for Shariah-compliant…
Central Bank of Nigeria (CBN) Doubts Nigeria will Meet 2020 Financial Inclusion Goal
The Central Bank of Nigeria (CBN) recently reported that the country is not on track to meet the goals it set in the 2012 National Financial Inclusion Strategy (NFIS). According…
Driving Financial Inclusion through Micro-insurance Including Takaful
To find new ways of bringing more Nigerians under insurance cover, increase patronage and improve the sector’s contribution to the country’s Gross Domestic Product, Insurance practitioners and regulators recently held…
iSHRAQ*Microfinance named ‘Sharia-Compliant Microfinance Solution of the Year to the booming microfinance industry
Path Solutions is pleased to announce that Mohammed Kateeb, the company’s Group Chairman & CEO received the highly coveted recognition for ‘Gamechanger of the Year (Islamic Financial Technology)’, while the…
Ovamba links African firms, investors
"Ovamba more closely resembles what is known as “Islamic finance,” in which the concept of paying interest on a loan is prohibited." The world’s prevailing financial institutions - banks, credit…