Archives for islamic Fund
AlHuda CIBE inked MoU with Ethiopian Reinsurance
Takaful, the globally emerging phenomenon is not only restricted to the specific countries rather it has captivated its roots in African, Asian and European countries and in America as well.…
Tech Startup FOODICS Launches a $100mln Micro Loan Fund to Support SMEs
The tech start-up, which offers an all in one restaurant management platform helping restaurant owners run their business, has announced it has raised US$100 million (SAR 375m) to further support…
SHUAA launches three Sharia-compliant funds in ADGM and secures USD 75 million of commitments
SHUAA launches three open-ended Sharia-compliant funds targeting qualified institutional investors through its wholly owned subsidiary, SHUAA GMC Limited United Arab Emirates: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment…
International Islamic Trade Finance (ITFC) Launches Trade Development Fund (TDFD) to Support Intra-Organisation of Islamic Cooperation (OIC) Trade Initiatives
The International Islamic Trade Finance Corporation (ITFC) (), member of the Islamic Development Bank (IsDB) Group, has launched a new Trade Development Fund (TDFD) with an initial target capital of…
Islamic Development Bank pledges $2.3bn Covid support
Of all the multilateral development banks (MDBs), including the World Bank, the Islamic Development Bank’s (IsDB’s) rapid response to the global coronavirus (Covid-19) pandemic has been the most proactive and…
IsDB approves $60m supplementary aid for Pakistan’s polio eradication efforts
The Islamic Development Bank (IsDB) has approved a $60 million supplementary fund for Pakistan to support the country’s polio eradication programme. This includes a $39 million IsDB Murabaha and a…
Public Mutual launches two income funds
KUALA LUMPUR: Public Mutual launched two new funds -- Public e-Income Fund (PeINCF) and Public e-Islamic Income Fund (PeISINCF) – on Wednesday which seek to provide annual income over the…
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…
Coronavirus – Ghana: Muslim Community donates 130,000 Cedis to COVID-19 National Trust Fund
The Ghanaian Muslim Community has presented a cheque for 130,000 to the COVID-19 National Trust Fund. The presentation was made by the National Chief Imam, Sheikh Osman Nuhu Sharubutu, who…