Author Archives: IMFN - Page 2
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…
Islamic Banking is Rapidly Growing Industry in Ethiopia: Zubair Mughal
Ethiopia is an important country of East Africa. Total population is 102 million and Muslims are 40% of it, which is major reason for the promotion of Islamic Banking. Ten…
Islamic Microfinance: A Case Study of Australia
Islamic Microfinance: A Case Study of Australia
The Microfinance Sector in Yemen: A Case Study of Al-Amal Microfinance Bank
Some countries in the Arab region are experiencing security and political unrest due to the successive revolutions Naturally all sectors of the state are affected, and each sector must take…
Making Something Out Of Nothing – Success Story of NAYMET
Suwaiba Mohammed Amin-Programs Manager A woman energetically packs vegetables in plastic bags, working her way through a long line of customers. She looks happy, while continuously chatting with them, giving…