Tag archives for Islamic Microfinance
Khalifa Fund For Enterprise Development offers $30mln to support SMEs in Kenya
In the implementation of directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the Khalifa Fund For Enterprise Development (KFED) and the National Treasury & Planning Ministry in…
Microfinance banks’ loan to the Nigerian private sector hits N1.12 trillion in June 2022
Loans by Microfinance banks surged to trillion as of the end of June 2022, representing a increase compared to billion recorded as of the end of 2021. This means that…
Yes Bank open to acquiring microfinance entity as $1.1 billion fundraise gains pace, MD says
Private sector lender Yes Bank is open to acquiring smaller entities, especially from the microfinance segment, if the target entity is a good opportunity to make investment returns, its Managing…
IsDB launches $10.5 bln program to address food crises in member countries
The Islamic Development Bank (IsDB) has launched a Food Security Response Program (FSRP) worth $ billion to support the bank’s 75 member countries, including Egypt, to address the ongoing food…
SECP grants license to SAFCO microfinance company (pvt) limited
Securities & Exchange Commission of Pakistan (SECP) has issued Microfinance License to a newly established “Non-Banking Microfinance Company” namely SAFCO Microfinance Company (Private) Limited (“SMC”). As per the details, SMC…
The OPEC Fund for International Development is providing a US$ 72 million loan in support of the 800MW Mohmand Multipurpose Dam Project in Pakistan.
The major hydropower complex is expected to contribute to the country’s energy security, increase sustainable water supply for agriculture and human consumption and improve resilience to floods. The project is…
AlHuda CIBE Strengthened Its Roots in Sierra Leone Financial Industry
Sierra Leone Market is the future potential market for Islamic Finance Industry in West Africa; Muhammad Zubair Mughal (June 27, 2022 (Dubai): AlHuda Centre of Islamic Banking and Economics diverted…
European financing fund for Africa launched with first closing of $24.1m
A new European Solidarity Financing Fund for Africa, FEFISOL II, has been launched with a first closing of $ million and a technical support envelope of $ million, according to…
Muslim Women urged to strive for high leadership positions
Hajia Azara Abukari-Haroun, the Chief Executive Officer Zakat and Sadaqa Trust Fund of Ghana, has urged Muslim women to work hard and strive to attain the attributes of great Islamic…
Microfinance activity benefits 3.5 million individuals in Egypt: El-Araby
Microfinancing benefits million individuals in Egypt, providing EGP 29 billion across all commercial, industrial, agricultural, and service sectors, Ibrahim El-Araby, the chairman of The Federation of Egyptian Chambers of Commerce…