Tag archives for microfinance
Islamic Banking: A Step Forward to Economic Stability and Growth
“An Exclusive Interview with Qazi Abdul Samad , Resident Shariah Board Member (RSBM) Islamic Banking Group, Bank of Khyber Pakistan “ Qazi Abdul Samad is an eminent Shariah scholar and has…
IsDB approves $60m supplementary aid for Pakistan’s polio eradication efforts
The Islamic Development Bank (IsDB) has approved a $60 million supplementary fund for Pakistan to support the country’s polio eradication programme. This includes a $39 million IsDB Murabaha and a…
Saudi Agricultural Development Fund’s strategy approved
The National Development Fund’s (NDF) Board of Directors has approved a strategy by the Agricultural Development Fund (ADF) for a period extending from 2021 till 2025, the Kingdom revealed on…
Can microfinance survive Covid?
Even before coronavirus came, Pakistan’s microfinance sector was sniffling. Amid macroeconomic stabilization, repayment capacity of borrowers, and in turn, industry profitability of over three dozen microfinance providers was constrained due…
Can microfinance bail out the poor from COVID-19 devastation?
By: Dr. Kingsley Bernard The crisis The COVID-19 pandemic has created chaos with the socio-economic, political, religious, and financial structures of the entire world as never before. The world’s top…
Covid-19 threatens viability of microfinance sector
THE credit-only microfinance sector says its operations are being threatened by the outbreak of Covid-19 despite registering a 23,7 percent growth in total loan book to $469,2 million in the…
MICROFINANCE PAPER WRAP-UP: “2020 Annual Impact Investor Survey,” by Dean Hand et al, published by the Global Impact Investing Network (GIIN)
The 10th edition of this survey includes responses from 294 impact investors, those that seek to “generate positive, measurable social and environmental impact alongside a financial return.” From the data…
UNHCR To Expand Zakat Fund To Support IDPs In Nigeria
The United Nations High Commissioner for Refugees, UNHCR has committed itself to work closely with Islamic Philanthropic initiatives to expand the "Zakat Fund" to support Internally Displaced Persons in Nigeria.…
MICROCAPITAL BRIEF: US International Development Finance Corporation (DFC) Approves $4b “Rapid Response Liquidity Facility” for Microfinance, Other Ongoing Projects Impacted by COVID-19
The government-backed US International Development Finance Corporation (DFC) recently allocated USD 4 billion to a “Rapid Response Liquidity Facility,” through which it will provide additional funding to in-process DFC projects…
MICROCAPITAL BRIEF: Netherlands Development Finance Company (FMO) Loans $5m to Vitas Palestine for Microfinance
The Netherlands Development Finance Company, which also is known by its Dutch acronym FMO, recently loaned USD 5 million to the microfinance institution (MFI) Vitas Palestine. FMO sourced the funding…