Author Archives: IMFN - Page 2
Saving the micro-finance banking sector
The recent approval of the liquidation of 83 micro-finance banks (MFBs) by the Central Bank of Nigeria (CBN) is bad news from the banking sector. It is worrisome that as…
Microtakaful Advocacy unite OJK, AASI and GIZ in the Microtakaful Confab Indonesia
Committed to help significant portions of Indonesian population who live in poverty, the government, local and international stakeholders, and industry partners will gather to the 1st Microtakaful Conference at Hotel…
Pak-Qatar Takaful Group posts strong 2013 results
Pak-Qatar Takaful Group recorded a strong growth with a combined turnover of ($54m) for the year ended December 31, 2013. The Group made a profit of Rs74m ($) during the…
Morocco: Bill for introduction of takaful submitted
An insurance Bill introducing Takaful in Morocco has been submitted to the General Secretariat of the government, as the Muslim country moves closer to finalizing legislation for Islamic insurance. If…
Islamic Micro Takaful in Indonesia is ready to Thrive
(INDONESIA) - In many Muslim countries, the majority of people still live in poverty and lack access to financial services, include insurance, which can help them to prevent their worsening…
Islamic microfinance: Unlocking new potential to fight rural poverty
From a market niche to a growing industry In recent years, Islamic microfinance has become a rapidly growing market, offering millions of disadvantaged people in Muslim countries and beyond access…
Islamic charity funds are underused anti-poverty tool – study
Islamic alms-giving (zakat) and endowments (awqaf) have been in existence for centuries, but have yet to develop efficient use of their assets, a report by the Islamic Research and Training…
Introducing of Islamic banking in Tajikistan discussed in Dushanbe
Representatives of Tajik and foreign financial institutions discussed the possibility of introducing of Islamic banking system in Tajikistan, reported on last month referring to the National Bank of Tajikistan. This…
Arab countries can alleviate poverty through Islamic microfinance
(Amman – Jordan) Poverty is increasing rapidly in the Arab countries which are blessed with surplus of mineral and oil resources, one of the reasons is absence of financial products…
6th Global Islamic Microfinance Forum will be held in Nairobi, Kenya
17th August, 2016 - (Lahore): 6th Global Islamic Microfinance Forum (GIMF) will convene in Nairobi - Kenya on 8th - 9th November, 2016 to explore and discuss innovative financial inclusion…