Author Archives: IMFN - Page 3
Afghan central bank to implement Islamic Banking System
Afghanistan’s central bank is planning to implement an “Islamic banking system”, IANS reported a spokesman as saying. Sabir Momand, the spokesman of Da Afghanistan Bank (DAB), however, did not elaborate…
Singapore’s Funding Societies expands financing offerings for MSMEs via Islamic FinTech facilities
Funding Societies, the Singapore-based small and medium-sized enterprise (SME) digital financing platform, on Wednesday introduced its Shariah-compliant trade financing solutions based on Commodity Murabahah (Tawarruq) for creditworthy and underserved Malaysian…
Central bank urges stronger loan support to ease downward pressure
Chinese authorities on Monday held a meeting with 24 major financial institutions to arrange stronger support for the real economy to tackle mounting downward pressure, according to a statement released…
impact Asset Management Disburses $15m from Dual Return Funds to Microfinance Institutions in 7 Countries
impact Asset Management (I-AM), a member of the Austria-based C-Quadrat Investment Group, recently disbursed loans totaling USD 15 million from the Dual Return Funds to microfinance institutions (MFIs) in Ecuador,…
African Development Bank approves $1.5bln emergency food facility
The African Development Bank has approved a $ billion emergency food production facility for 20 million farmers on the continent to avert a looming food crisis brought on by Russia's…
Pakistan’s Dr Amjad Saqib: Serving Humanity
Amidst the doom and gloom of Pakistan’s current political dynamics came the news of the nomination of Dr Amjad Saqib for the Nobel Peace Prize 2022. Dr Saqib is the…
AlHuda CIBE UAE and Philippine Economic Zone Authority Signed MoU
AlHuda CIBE FZ LLE UAE & Philippine Economic Zone Authority will work together for the development of Islamic banking and finance in Philippines (December 22, 2021 (Dubai)): AlHuda Centre of Islamic…
10th Global Islamic Microfinance Forum to be held in Dubai-United Arab Emirates
Accelerating the Poverty Reduction in the World (24th November 2021, Dubai): 10th Global Islamic Microfinance Forum (GIMF) will convoke in Dubai -United Arab Emirates on 12th-14th December, 2021 under the theme…
ISLAMIC MICRO FINANCE: AN EMERGING MARKET IN THE GAMBIA
Poverty alleviation is not only the goal of 21st-century world, but it has been a continuing challenge throughout history. Islam recognizes that everybody should have secured basic needs and enjoins…
5th AICIF: SEC Renews Commitment to the Growth of Nigeria’s Non-Interest Financial Market
The Securities and Exchange Commission, SEC renewed its commitment to the growth of the non-interest capital market segment in the Nigerian capital market. Mr. Ibrahim Boyi, Executive Commissioner, Securities and…