Tag archives for microfinance
SECP proposes amendments to NBMFC regulations
In order to improve governance and risk management, the Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to Non-Banking Microfinance Companies (NBMFCs) and Notified Entities Regulations, 2008. The…
Islamic philanthropy: UNCHR’s Zakat funds saw 12.5% jump in donations to $48.5mln
The UN Refugee Agency supported million refugees and internally displaced people (IDPs) through Zakat and Sadaqah funds in 2020, thanks to institutional partners and philanthropists across the region and globally.…
UN Zakat Fund helps 2 million refugees hit by Covid-19
Zakat Funds helped support over 2 million vulnerable and displaced refugees last year, but a lot still needs to be done, a UN agency report revealed. Zakat is a obligatory…
Microfinance Development Company to Launch Liquidity Management Platform
The Microfinance Industry in Nigeria is set to experience a major breakthrough in its operations, as the Microfinance Development Company Ltd (MDCL), plans to launch its Intermember Liquidity Placement Platform…
Islamic microfinance a key tool for financial inclusion, poverty alleviation – Prof Binta
It is no longer sufficient for only banking institutions to provide financing for micro, small and medium enterprises (MSME) and ultra-micro businesses. Collaborations between various financial institutions must be expanded…
MICROCAPITAL BRIEF: ADB Raises $20m Through Bond Issue in Kazakhstan to Support Otbasy Bank Housing Loans to Women, Mainly in Rural Areas
The Asian Development Bank (ADB), a Philippines-based multilateral institution, recently raised KZT billion (USD 20 million) through bond sales to institutional investors in Kazakhstan to finance loans by the Housing…
Interest-free funding regulation may boost Turkey’s home sales
Turkish Parliament approved a regulation this week governing the interest-free funding market for housing, clearing the way for a possible boom in a system that has already drawn around 300,000…
HBL and Akhuwat ink strategic MoU to provide affordable housing to masses
HBL’s Islamic banking arm and Akhuwat have signed a Memorandum of Understanding (MoU) to roll out a programme that will provide Shariah-compliant housing finance facilities to applicants identified by Akhuwat.…
LMDF backs Yehu Microfinance
Luxembourg Microfinance and Development Fund (LMDF) advised by ADA has invested an undisclosed amount in Yehu Microfinance, a Kenyan microfinance institution (MFI). Yehu Microfinance is an incorporated, social impact 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…