Archives for Islamic Microfinance - Page 2
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…
7th African Islamic Banking and Finance Summit to be organized in Tanzania
Africa is an Emerging Market Currently, with Middle East and Asia Market now fully mature: Muhammad Zubair Mughal AlHuda Centre of Islamic Banking and Economics (CIBE) is honored to organize…
Dubai Islamic Bank donates $1.76mln of Zakat money to ERC programs
The Dubai Islamic Bank (DIB) donated Zakat money worth million to support the programmes and projects of the Emirates Red Crescent (ERC). Both sides signed a cooperation agreement to coordinate the distribution…
Bank Alfalah Islamic, Akhuwat Islamic Microfinance sign deal to promote ‘Mera Pakistan MeraGhar’
Bank Alfalah Islamic isone of the leading promoters of the government backed “Mera Pakistan MeraGhar” low cost housing finance scheme since its inception. In continuation with Bank’s current vision, Bank…
AlHuda Centre of Modest Fashion inaugurated in UAE
AlHuda Center of Modest Fashion has taken initiative to bring this concept from high street to streets: Zubair Mughal (June 03, 2021 - Dubai): AlHuda Center of Islamic Banking and Economics…
Tunisia: Islamic Social Financing to Support Efforts to Recover and Rebuild From Covid-19 Pandemic
The United Nations and the Islamic Development Bank (IsDB) launched on Tuesday an initiative to assist finance efforts to recover better as the world continues to grapple with the COVID-19…
UNICEF and the Islamic Bank: Helping the Most Vulnerable People Until the Pandemic Ends
With the advent of the holy month of Ramadan, hearts and minds are not only drifting toward the closest and dearest to us, but also toward the most vulnerable groups…