Archives for Islamic Microfinance
Housing finance for NRPs to boost Islamic banking footprint
Islamic housing finance is expanding at a fast pace and the new scheme that facilitates overseas Pakistanis to buy a house for themselves or their families in Pakistan provides Islamic…
How Nigeria Can Deepen the Capital Market Through Non-Interest Finance
Non-Interest finance products have played a critical role in the growth and development of the Nigerian capital market ecosystem. Mr. Akeem Oyewale, the CEO of Marble Capital, made this point…
SAMA launches Islamic finance research support program
The Saudi Central Bank (SAMA) announces the launching of the Islamic finance research support program to support researchers in the Kingdom of Saudi Arabia and abroad, and to advance and…
Fintech For Good With Zakat in Islamic Finance
As The Fintech Times looks at fintech for good as its theme, Islamic Finance comes into the picture and the role it has across the world – from the Middle East and…
Yonna Islamic Microfinance Vows To Empower Small-Scale Businesses, Farmers
The Yonna Islamic Microfinance has drawn attention for its readiness to support small-scale business holders, farmers, and youth in The Gambia to contribute immensely in boosting the country’s socio-economy. Yonna…
Islamic social finance has a bigger humanitarian role
Hundreds of financial institutions are involved in Shariah-compliant transactions, making Islamic finance an established and recognized industry around the world. Its assets were estimated at $ trillion in 2019 and…
Zakat Eligibility of Islamic Organizations
All Praise Be to Allah, and May His Blessings and Peace Be on His Final Messenger In response to a question about the zakat (zakât, zakâh) eligibility of a non-profit organization…
Islamic Development Bank (IsDB) – Islamic Solidarity Fund for Development (ISFD) launches the Activities of the Alliance to Fight Avoidable Blindness, Second Generation, (AFAB) in Niger
In June 2021, the Islamic Development Bank (IsDB) () and the Islamic Solidarity Fund for Development (ISFD) collaborated with the National Eye Health Program (PNSO) to launch the 2nd phase…
Egypt’s SMEs Development Agency, Banque Misr sign EGP 500m micro-enterprises finance
gypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) and Banque Misr have signed a contract worth EGP 500m that will go towards financing micro-enterprises. Nevine Gamea, Minister of Trade…
Zakat Fund provides aid of about QR 31 million during April and May
The Zakat Fund at the Ministry of Endowments (Awqaf) and Islamic Affairs provided aid worth QR 30,956,659 during last April and May, benefiting 1,896 families who are eligible for assistance…