Tag archives for Islamic Microfinance
Microfinance industry marginally shrank under Covid impact
Pakistan’s microfinance industry shrank marginally by percent in terms of its gross loan portfolio (GLP) and in terms of active loans during the first half of 2020 because of the…
Pakistan received $3.7bn worth of grants, loans for Covid-19 relief efforts
Pakistan received US$ billion worth of grants and loans from various countries to support the country’s corona relief efforts. According to the details, the European Union provided a grant of…
Microfinance Industry Slowly Overcoming Covid-19 Crisis, Says Industry Body
The country-wide lockdown due to the Covid-19 pandemic has been a challenge for the microfinance industry sector, but it is slowly tiding over the crisis now, an official said on…
Microfinance during Covid
So how did the microfinance sector cope with Covid-19? There had been early reports of massive decline in borrowers’ weekly incomes, amid concerns for loan defaults and business sustainability. Then…
Alvi for raising awareness about Islamic finance
Islamic banking and finance offers a broad-based platform to end economic exploitation, said President Dr Arif Alvi. Addressing the 10th ceremony of Global Islamic Finance Awards (GIFA) on Monday, the…
Islamic Development Bank (IsDB), SCIEF Launch $30k Changemakers Competition for Shariah-compliant Fintech, Microfinance, “Creative Economy”
The Islamic Development Bank (IsDB), a multilateral development finance institution based in Saudi Arabia, recently partnered with the Saudi-Spanish Center for Islamic Economics and Finance (SCIEF), which is based in…
Microfinance bosses charged over sh10b SACCOs funds saga
Four Microfinance Support Centre (MSC) bosses, including the executive director, have been charged and remanded to Kitalya Prison over theft of meant for the teachers' Savings and Credit Organisation Societies…
Microfinance player urges govt to curb rumours about loan waivers amid COVID-19
A microfinance player charged that some fraudulent elements are spreading rumours about loan waivers amid the coronavirus pandemic and urged the government to take action against them A microfinance player…
Telenor Microfinance Bank receives US$45 million Equity Injection to continue its Growth on Digital Strategy
Telenor Microfinance Bank, the first scheduled microfinance bank of Pakistan and the operator of the country’s leading digital payments platform Easypaisa, has received an investment of US$45 million from its…
Al Ghurair gives $10 million to Muslim fund
Abdul Aziz Al Ghurair signed the donor contribution agreement with the Islamic Development Bank (IsDB) and Unicef as the lead donor for the Global Muslim Philanthropy Fund for Children (GMPFC).…