Archives for Islamic Microfinance
$5trln needed annually to achieve Sustainable Development Goals
The world needs financing of about $5 trillion each year to make the necessary progress towards achieving Sustainable Development Goals (SDGs), a top UN official has said. According to UN…
9th Global Islamic Microfinance Forum Successfully Concluded in Lahore – Pakistan
Under the Theme of Financial Inclusion through Enterprise Development for Poverty Alleviation 9th Global Islamic Microfinance Forum was successfully concluded at Governor House Lahore, Pakistan. The purpose of that forum…
SWF signs MoU with Akhuwat Microfinance
Sona Welfare Foundation (SWF) as the implementing partner for Fauji Fertilizer Company (FFC) has signed a Memorandum of Understanding with Akhuwat Islamic Microfinance in efforts to financially support and empower…
Facilitation of Microfinance Sector to help Document Economy
Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Wednesday stressed the need to facilitate the microfinance sector, as the sector has been providing solutions to…
Senegal to Open First Islamic Microfinance Windows in 2020
Senegal plans to launch its Islamic microfinance program with the opening of financing windows by June 2020, Yaye Fatou Diagne (pictured), coordinator of the National Program for the Development of…
Government Inks Pact for Building Low-Cost Houses
Ministry of Housing and Works and Akhuwat Islamic Micro Finance have reached an agreement for provision of interest-free loans for the construction and repair of low-cost houses in the country.…
Islamic social banking instruments need a bigger global stage
Instruments such as waqaf, zakat, charity and qard hasan have made a great impact in poverty alleviation THE Islamic social banking instruments need to be expanded globally as they have…
Indonesia Issues World’s First Blockchain micro-Sukuk
Indonesian Islamic microfinance cooperative BMT Bina Ummah has raised 710 million rupiah ($50,000) through the world's first primary sukuk issuance on a public blockchain and also the world's first micro sukuk. Specialised news…
Azerbaijan Micro-Finance Association reveals credit portfolio restructuring volumes
By Rasana Gasimova One of the tasks of the Azerbaijan Micro-finance Association (AMFA) is to restructure the credit portfolios of its members, and corresponding work is being carried out to…