Archives for Islamic Microfinance - Page 3
iSHRAQ*Microfinance named ‘Sharia-Compliant Microfinance Solution of the Year to the booming microfinance industry
Path Solutions is pleased to announce that Mohammed Kateeb, the company’s Group Chairman & CEO received the highly coveted recognition for ‘Gamechanger of the Year (Islamic Financial Technology)’, while the…
Ovamba links African firms, investors
"Ovamba more closely resembles what is known as “Islamic finance,” in which the concept of paying interest on a loan is prohibited." The world’s prevailing financial institutions - banks, credit…
Islamic Banking is Rapidly Growing Industry in Ethiopia: Zubair Mughal
Ethiopia is an important country of East Africa. Total population is 102 million and Muslims are 40% of it, which is major reason for the promotion of Islamic Banking. Ten…
IDB Seminar Calls for Sharia-based Multi-dimensional Development Indicators
A two-day seminar on Maqasid al-Shariah-based Index for Socio-Economic Development recently organized at the IDB Headquarters in Jeddah by the Islamic Research and Training Institute (IRTI) of the Islamic Development…
Philanthropist Donates SAR One billion for 75 Mobile Health Clinics to be Launched under IDB Supervision
Chairman of the Islamic Development Bank (IDB) Group, Dr. Ahmad Mohamed Ali, has praised a generous donation of SR one billion (US$ 267 million) by a philanthropist for 75 mobile…
Pakistan’s Wasil Foundation Wins Islamic Microfinance Challenge
The Wasil Foundation, a Pakistan-based microfinance institution, won the Islamic Microfinance Challenge, a global contest to identify innovative Sharia-compliant financial products. Wasil won the $100,000 grant award for its package…
Poverty can easily be driven away through Islamic Microfinance : Zubair Mughal
Half of global poverty reside in Muslim world while the Muslim population is 24% of the total global population, if the dangerously increasing poverty in the Muslim community is not…