Archives for Islamic Microfinance
SECP proposes amendments to NBMFC regulations
In order to improve governance and risk management, the Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to Non-Banking Microfinance Companies (NBMFCs) and Notified Entities Regulations, 2008. The…
Interest-free loan scheme for tribal districts launched
The Khyber Pakhtunkhwa government has signed an agreement with Akhuwat Foundation to launch interest-free microfinance scheme for entrepreneurship development in the merged tribal districts. Under the scheme, small loans of…
Islamic philanthropy: UNCHR’s Zakat funds saw 12.5% jump in donations to $48.5mln
The UN Refugee Agency supported million refugees and internally displaced people (IDPs) through Zakat and Sadaqah funds in 2020, thanks to institutional partners and philanthropists across the region and globally.…
UN Zakat Fund helps 2 million refugees hit by Covid-19
Zakat Funds helped support over 2 million vulnerable and displaced refugees last year, but a lot still needs to be done, a UN agency report revealed. Zakat is a obligatory…
Global Takaful & Re-Takaful Forum held successfully in Addis Ababa, Ethiopia
AlHuda Centre of Islamic Banking and Economics along with its multilateral partner ICD- Islamic Corporation for the Development of the Private Sector and in association with Ethiopian Reinsurance conducted Global…
HBL and Akhuwat ink strategic MoU to provide affordable housing to masses
HBL’s Islamic banking arm and Akhuwat have signed a Memorandum of Understanding (MoU) to roll out a programme that will provide Shariah-compliant housing finance facilities to applicants identified by Akhuwat.…
Adoption Of Micro-Takaful Will Support Nigeria’s SIPs – Raheem Musa
Adoption of "Micro-Takaful" in Nigeria will help to support the current efforts of the Federal Government in expanding the Social Intervention Programs (SIPs) for the poor and indigent in the country said Mr.…
OPINION | ANDREW MOREAU: Another round of virus-aid loans opens to small businesses in state
Many small businesses in Arkansas can again rely on federal aid to fight off the coronavirus pandemic with financial support through the revived Paycheck Protection Program. The Small Business…
Oman’s Takaful Sukuk to launch $64.92m sukuk
The Capital Market Authority has approved the prospectus of the Mudharabah Sukuk of Takaful Sukuk LLC in favour of Takaful Oman Insurance SAOG for the offer of perpetual Sukuk Al…
China extends loan help for coronavirus-hit small businesses in bid to maintain economic recovery
Small businesses will be allowed to further postpone their principal and interest repayments on inclusive loans past the previous deadline of the end of MarchChina’s State Council also extended the…