Archives for Islamic Microfinance
How Islamic Finance/ Microfinance Can Reduce Poverty
The official law of Islam is called Sharia. It is based mostly on the Quran, but on other holy Islamic texts as well. Sharia covers a wide range of topics,…
Jordan’s improved Financial Inclusion still leaves Huge Room for Growth
The last few years has seen tremendous improvement in Jordan’s financial inclusion rate. In 2014, barely a quarter of adults held a bank account. Numbers from 2017 show that’s jumped…
World Bank Loans Morocco 700 mln USD to Promote Financial Inclusion, Digital Economy
The World Bank Board of Executive Directors has approved a dollar loan to promote financial inclusion and transformation to a digital economy in Morocco, local media reported Wednesday. Citing a…
The microfinance paradox: Costs do not go down as sector expands to include more Jordanians; taxation does not help
Microfinance in Jordan provides tens of thousands of jobs and can potentially benefit millions of Jordanians still, according to representatives of the sector in the previous article of this two-piece…
Govt Says Promoting Islamic Micro-financing
Lahore - Punjab Finance Minister Makhdoom Jawan Bakhat Hashim said that the Govt. was committed to bringing change to the lowest level of the society and this could be achieved…
Islamic Finance Practice Vital To Sustainable Development Goals – Dr Umar
An Islamic finance expert and member, Shari’iah Committee of the International Islamic Liquidity Management Corporation, Malaysia, Dr Bashir Aliyu Umar has said that Islamic finance can contribute to the achievement…
Synergy to promote State Bank of Pakistan’s Financial Inclusion Strategy
A consortium of 12 reputable banks, steered by the State Bank of Pakistan (SBP), has been created for taking various broad-based initiatives to improve financial inclusion in Pakistan. The ‘Asaan…
Mercy Corps to launch Islamic microfinance institution in Ethiopia
The humanitarian organisation Mercy Corps announced, in a statement published on December 4, 2018, that it commissioned the council cabinet Islamic Finance Advisory & Assurance Services (IFAAS) to prepare the…
8th Global Islamic Microfinance Forum successfully concluded in Dubai under the theme of financial inclusion, FinTech, outreach strategies and innovation
(November 28, 2018 (Dubai)): 8th Global Islamic Microfinance Forum was successfully concluded at Dusit Thani Hotel, Dubai, UAE. The purpose of that forum was to promote, strengthen and unite the…
Blockchain-Powered Islamic Bonds to Fund Microfinance Projects in Indonesia
Indonesian firm Blossom Finance has announced plans to launch blockchain-based sukuk, Islamic bonds, to fund microfinance projects in the Muslim-majority country. Blossom Finance’s “Smart Sukuk” to Automate Issuance of Islamic Bonds The…