Archives for Microfinance
Synergy to promote State Bank of Pakistan’s Financial Inclusion Strategy
A consortium of 12 reputable banks, steered by the State Bank of Pakistan (SBP), has been created for taking various broad-based initiatives to improve financial inclusion in Pakistan. The ‘Asaan…
IMF -WB – Financial Services Authority promotes fintech for MSMEs, Shariah Finance
Nusa Dua, Bali, (ANTARA News) - The Financial Services Authority (OJK) encourages using financial technology (fintech) as a financial inclusion platform to open funding access for micro, small, and medium…
Malta the Blockchain island announces Islamic Microfinance Products during Delta Summit
The Delta Summit in Malta brought together the blockchain community which is said to be the first kind of its sort given that Malta is the only jurisdiction in the world…
MICROCAPITAL BRIEF: Islamic Corporation for the Development of the Private Sector (ICD) Lending to Asaka, Asia Alliance Bank for Shariah Finance in Uzbekistan
Two Uzbekistani joint-stock commercial banks, Bank Asaka and Asia Alliance Bank, recently signed memoranda of understanding with the Islamic Corporation for the Development of the Private Sector (ICD), a member…
CBN to Revoke 154 Microfinance Banks’ Licences, 28 Others
The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licences of 182 other financial institutions in the country. According to the list released by the…
Central Bank of Nigeria (CBN) Doubts Nigeria will Meet 2020 Financial Inclusion Goal
The Central Bank of Nigeria (CBN) recently reported that the country is not on track to meet the goals it set in the 2012 National Financial Inclusion Strategy (NFIS). According…
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…
6th Global Islamic Microfinance Forum will be held in Nairobi, Kenya
17th August, 2016 - (Lahore): 6th Global Islamic Microfinance Forum (GIMF) will convene in Nairobi - Kenya on 8th - 9th November, 2016 to explore and discuss innovative financial inclusion…