Archives for Microfinance
World Bank Lending $700m to Morocco to Support “Digital Transformation,” Including Islamic Finance, MSME Finance, Mobile Payment Systems, Angel Investing
The World Bank recently approved loan funding of EUR 611 million (USD 700 million) for the nation of Morocco with the objective of promoting a “digital transformation.” The project will…
Islamic Centre Call On CBN For Micro-finance Banks Policy Review
The International Centre for Islamic Culture and Education (ICICE) has appealed to the Central Bank of Nigeria (CBN) to review the recent increase of minimum capital base of Microfinance Banks.…
The microfinance paradox: Costs do not go down as sector expands to include more Jordanians; taxation does not help
Microfinance in Jordan provides tens of thousands of jobs and can potentially benefit millions of Jordanians still, according to representatives of the sector in the previous article of this two-piece…
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…