Author Archives: IMFN - Page 2
Financial Technologies as a disruption or a growth lever for Islamic Finance Industry
The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, has successfully held today its first Virtual InFocus Session, themed “Financial Technologies: Disruption…
Saudi Agricultural Development Fund’s strategy approved
The National Development Fund’s (NDF) Board of Directors has approved a strategy by the Agricultural Development Fund (ADF) for a period extending from 2021 till 2025, the Kingdom revealed on…
Strong management of COVID-19 outbreak repercussions reduces economic impact of global crisis on Dubai
DUBAI, 30th June 2020 (WAM) - Dubai Statistics Center (DSC) said today that the real gross domestic product at constant prices of the Emirate of Dubai showed a decline in…
Can microfinance survive Covid?
Even before coronavirus came, Pakistan’s microfinance sector was sniffling. Amid macroeconomic stabilization, repayment capacity of borrowers, and in turn, industry profitability of over three dozen microfinance providers was constrained due…
Saudi Arabia raises SR8.495 billion in sukuk: Finance ministry
Saudi Arabia’s Ministry of Finance has closed the book for its June 2020 sukuk (Islamic bonds) issuance program, raising billion ($ billion), the ministry said in a statement carried by…
Egypt’s microfinance portfolio stands at EGP 17.8bn end-March: FRA
Egypt's microfinance portfolio reached about EGP benefiting million people until the end of March 2020, according to Chairperson of the Financial Regulatory Authority (FRA) Mohamed Omran. The microfinance companies' share…
Can microfinance bail out the poor from COVID-19 devastation?
By: Dr. Kingsley Bernard The crisis The COVID-19 pandemic has created chaos with the socio-economic, political, religious, and financial structures of the entire world as never before. The world’s top…
Islamic finance may play key role in Post-Covid-19
Islamic finance social instruments could help countries navigate the economic turbulence wrought by the COVID-19 pandemic in core Islamic finance countries that include the GCC, according to rating agency Standard…
The importance of digital microfinance for emerging markets in a COVID-19 world
The coronavirus pandemic has transformed how we go about life and business in unprecedented ways. The world’s low-income individuals, who are largely based in areas just beginning to enter the…
Halal Research Council is organizing nine (9) free webinars with global experts
(22 June 2020, Lahore): Halal Research Council (HRC) in association with AlHuda CIBE is organizing Halal industry webinar series to learn with Halal industry experts around the world from June-July,…