Archives for Islamic Microfinance
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…
How Islamic banks compare to other financial institutions
In their article for Business Daily, Christos Alexakis, Vasileios Pappas & Athina Petropoulou explain, among others, why Islamic finance may be important to Greece. What are Islamic banks? In western banking the interest rate reflects the…
ADB approves $500 million loan for Indonesia to expand financial inclusion
The Asian Development Bank (ADB) has approved a US$500 million loan to support Indonesia’s effort to expand access to funding for micro, small and medium enterprises (MSMEs) and marginalized groups,…
Long-term potential for Islamic finance remains promising post Covid-19 globally -Wahid
The long-term potential for Islamic finance remains promising globally in a post Covid-19 environment due to its principles of inclusivity and the potential to promote financial stability, said Bursa Malaysia…
NSE CEO Highlights Opportunities For Islamic Finance And Banking In Nigeria
Islamic finance has continued to prosper and gain prominence across the globe spurred by the adoption of socially responsible and investment principles. The CEO of the Nigeria Stock Exchange Mr. Oscar…
Could microfinance help rebuild Australia’s post-pandemic economy?
The COVID-19 pandemic brought the world to a standstill. Human lives are at risk, economic growth is arrested. By July 2020, the Australian Bureau of Statistics reported that one million Australians…
OPINION: Microfinance in Cambodia has lifted millions of people out of poverty
The Cambodian credit industry has been in the spotlight recently with several reports from NGOs and in the media highlighting issues of debt burdens on Cambodian borrowers, especially in light…
Islamic finance to lessen Covid-19 impact
DEVELOPMENTS of the Islamic financing instruments could help lessen the financial impact of the Covid-19 pandemic on the vulnerable populations. World Bank Group East Asia and Pacific VP Victoria Kwakwa (picture) said…
SPECIAL REPORT: Saving(s) Microfinance in a Pandemic – and Beyond
Bank in the distant pre-pandemic memory, e-MFP launched the European Microfinance Award (EMA) 2020 on Encouraging Effective & Inclusive Savings. While clearly an important topic, with innovations across the sector that are ripe…
Islamic Development Bank (IsDB), SCIEF Launch $30k Changemakers Competition for Shariah-compliant Fintech, Microfinance, “Creative Economy”
The Islamic Development Bank (IsDB), a multilateral development finance institution based in Saudi Arabia, recently partnered with the Saudi-Spanish Center for Islamic Economics and Finance (SCIEF), which is based in…