Author Archives: IMFN - Page 2
Microfinance effective tool for an inclusive financial system: SBP Deputy Governor
“The State Bank of Pakistan recognizes microfinance as an effective tool for an inclusive financial system as it gives access to those socio-economic segments, especially enterprises, who are otherwise neglected.…
Sovereign Fund of Egypt to cooperate with Islamic Development Bank in upcoming projects
The President of the Islamic Development Bank Group Mohamed Al-Jasser praised Egypt’s experience in establishing the Sovereign Fund of Egypt and its prospective role in investment, development and in attracting the private sector, pointing…
LLF collaboration and development assistance in the post-pandemic world
On the sidelines of the Islamic Development Bank’s Annual Meetings (“IsDB”) in Sharm el Sheikh on 1-4 June 2022, the Lives and Livelihoods Fund (“LLF or the Fund”) engaged with…
Saudi Arabia provides a $30 million grant to Afghanistan Humanitarian Trust Fund
Saudi Arabia has provided a grant worth $30 million to support the Afghanistan Humanitarian Trust Fund, the official Saudi Press Agency (SPA) reported on Thursday. The grant to the fund,…
Digital Transformation in the Microfinance Sector Market Is Booming Worldwide | Faulu Microfinance Bank Limited, Micro Finance Institutions Network
Global Digital Transformation in the Microfinance Sector Market Report is an objective and in-depth study of the current state aimed at the major drivers, Digital Transformation in the Microfinance Sector market strategies,…
Government Push to Aid Pakistan Islamic Finance Growth
The Islamic finance industry in Pakistan is expected to continue its growth trajectory over the medium term, driven by strong government push and steadily rising public demand for Islamic products.…
Senegal to get $123mln from Islamic Development Bank for petroleum products
enegal will receive 115 million euros ($123 million) in financing from the Islamic Development Bank to secure petroleum products as it faces fuel shortages, the economy minister said on Friday.…
TA Investment declares two sen income distribution for TA Islamic Fund unitholders
TA Investment Management Bhd (TAIM) has declared gross income distributions of two sen per unit for TA Islamic Fund (TAIF) to the registered unitholders of the funds as at May…
IsDB Group announces official launch of Private Sector Forum “PSF”
In cooperation with the Egyptian Ministry of Planning and Economic DevelopmentPress ReleaseJune 2, 2022ISLAMIC FINANCE Dr. Muhammad Al Jasser: during the forum, 50 agreements are to be signed, and 20…
$400 Million ADB Loan To Support Expansion Of Philippine Capital Markets
The Asian Development Bank (ADB) has approved a $400 million policy-based loan to help the Philippine government further deepen the country’s domestic capital markets and increase the supply of long-term…