Archives for Islamic Rural Finance
MICROCAPITAL BRIEF: Maha Agriculture Borrows $6m from FMO for Digital Microfinance in Myanmar
The Netherlands Development Finance Company, which also is known by its Dutch acronym FMO, recently disbursed a loan of USD 6 million to Myanmar-based microfinance institution (MFI) Maha Agriculture Public…
Small loans can help farmers … but can also increase wealth gap
PROVIDING small loans to farmers in developing countries who are already struggling with the impact of climate change can significantly improve their livelihoods. But it can also increase the wealth gap with…
Tackling Poverty via Higher Agri lending
BANKS have increased their agricultural lending; but whether higher lending has had any impact on rural poverty remains debatable. The percentage of those suffering from undernourishment, between 2000 and 2016,…
Islamic banks and Islamic windows of commercial banks were asked to play a greater role in expanding outreach in potential areas, particularly to faith-sensitive Farming Community
In the mid-term review meeting of the Agricultural Credit Advisory Committee (ACAC) held in Hyderabad recently and presided over by Tariq Bajwa, Governor State Bank of Pakistan, it was revealed…
Government unveils Five-year Plan for Pakistan’s Economic Growth
Small farmers, low-cost housing, digital payments and a higher share for Islamic banks are the targets of the government’s new strategy for growth. Access to finance is super important for…
East Africa rides the Islamic Finance Train Focusing on the Rural Agricultural Sector; Uganda Next to Join
Countries in East Africa, those lining the Red Sea coast and those further south, are increasingly joining the Islamic finance industry as their Muslim population grows and demand for Shariah-compliant…
Islamic microfinance: Unlocking new potential to fight rural poverty
From a market niche to a growing industry In recent years, Islamic microfinance has become a rapidly growing market, offering millions of disadvantaged people in Muslim countries and beyond access…
Islamic charity funds are underused anti-poverty tool – study
Islamic alms-giving (zakat) and endowments (awqaf) have been in existence for centuries, but have yet to develop efficient use of their assets, a report by the Islamic Research and Training…
Introducing of Islamic banking in Tajikistan discussed in Dushanbe
Representatives of Tajik and foreign financial institutions discussed the possibility of introducing of Islamic banking system in Tajikistan, reported on last month referring to the National Bank of Tajikistan. This…
Arab countries can alleviate poverty through Islamic microfinance
(Amman – Jordan) Poverty is increasing rapidly in the Arab countries which are blessed with surplus of mineral and oil resources, one of the reasons is absence of financial products…