Archives for Islamic Microfinance - Page 3
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…
Microcredit: SECP expresses grave apprehension
The Secur-ities and Exchange Commission of Pakistan (SECP) has apprehended that proscribed persons involved in terrorist financing activities may be involved in obtaining microcredit or micro-loan from microfinance companies and…
CIMB offers SMEs ‘complete suite of solutions beyond banking’
CIMB Bank and CIMB Islamic Bank are on track to disburse RM15 billion to SMEs in 2019 to 2020, having provided billion to Malaysian SMEs for the six-month period ending…
Out of Three MFIs, Savana Islamic Finance- Ngaoundéré, Cameroon Get Funded by UNDP
Three Microfinance institutions have received grants from the United Nations Development Programme in order to scale up their capacity to provide financial products and services adapted to the needs of…
Islamic Microfinance Market to Witness Huge Growth by 2026
This report focuses on the Global Islamic Microfinance Market landscape, future outlook, growth opportunities, and key and key contacts. The research objective is to present the development of the market…