Tag archives for Islamic Microfinance
How NASFAT Partnership With Halal Invest Will Grow Non-Interest Finance in Nigeria
It is now an emerging trend that investors are finding ethical businesses and activities as key areas for consideration in investments. Nigeria has been noted to be a prospective hub…
Dubai Islamic Bank donates AED1 mn to Al Jalila Foundation
Al Jalila Foundation announced that it has received a donation of AED1 million from Dubai Islamic Bank (DIB) to support its A’awen programme which helps patients in need. Al Jalila…
Bank Negara allocates additional RM2b to SME relief fund
Bank Negara Malaysia (BNM) has announced an additional allocation of RM2 billion for the Targeted Relief and Recovery Facility (TRRF), as well as the establishment of a RM200 million Disaster Relief Facility…
Agricultural economy
Over the last six months, Pakistan has imported $ worth of cotton and some food items. This import bill is quite hefty for an agrarian-based economy. Pakistan’s agriculture sector accounts…
Govt. to set up microfinance corporation for MSMEs
The government plans to set up a microfinance corporation to exclusively take care of the requirements of micro, small, and medium enterprises (MSMEs) in the State and to expand the…
SBP Loan Extension, Restructuring scheme: FIs defer, restructure Rs 883bn loans
Out of million applications received, banks, DFIs and MFBs have approved million applications ( percent) up to January 22, 2020. Since the launch of the scheme, the individual borrowers, especially…
Tamam app launches Shariah-compliant microfinance scheme
he financial technology (fintech) has been officially licensed by the Saudi Central Bank (SAMA) as the first company to provide micro-financing services to consumers across the Kingdom. Tamam Financing Company…
Adoption Of Micro-Takaful Will Support Nigeria’s SIPs – Raheem Musa
Adoption of "Micro-Takaful" in Nigeria will help to support the current efforts of the Federal Government in expanding the Social Intervention Programs (SIPs) for the poor and indigent in the country said Mr.…
How the UN’s refugee agency is aiming to tap into Islamic social finance
With coronavirus worsening an already dire situation for the 80 million displaced people across the world, and with winter already in play, the United Nations High Commissioner for Refugees (UNHCR)…
CMA says member institutions have restructured $1.38B of loans
The Cambodia Microfinance Association (CMA) has announced that as of January 3, 2021, CMA members have provided loan restructuring worth $ billion. The total number of restructuring requests stood at 303,593…