Author Archives: IMFN - Page 43
MICROCAPITAL BRIEF: Islamic Corporation for the Development of the Private Sector (ICD) Lending to Asaka, Asia Alliance Bank for Shariah Finance in Uzbekistan
Two Uzbekistani joint-stock commercial banks, Bank Asaka and Asia Alliance Bank, recently signed memoranda of understanding with the Islamic Corporation for the Development of the Private Sector (ICD), a member…
CBN to Revoke 154 Microfinance Banks’ Licences, 28 Others
The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licences of 182 other financial institutions in the country. According to the list released by the…
All Necessary Machinery in Motion for the Establishment of an Islamic Microfinance Bank for Youths Empowerment
ICICE Seeks Sultanate Support to Develop Interfaith Dialogue THE International Centre for Islamic Culture and Education (ICICE), Abuja has sought the support of the Nigeria Supreme Council for Islamic Affairs…
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…