Archives for Islamic Microfinance
Khalifa Fund For Enterprise Development offers $30mln to support SMEs in Kenya
In the implementation of directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the Khalifa Fund For Enterprise Development (KFED) and the National Treasury & Planning Ministry in…
IsDB launches $10.5 bln program to address food crises in member countries
The Islamic Development Bank (IsDB) has launched a Food Security Response Program (FSRP) worth $ billion to support the bank’s 75 member countries, including Egypt, to address the ongoing food…
How OIC markets and Islamic finance respond to the growing pensions crisis
As the UN points out, the number of people aged 80 years or over is projected to triple from 143 million in 2019 to 426 million in 2050. Clearly, population…
Muslim Women urged to strive for high leadership positions
Hajia Azara Abukari-Haroun, the Chief Executive Officer Zakat and Sadaqa Trust Fund of Ghana, has urged Muslim women to work hard and strive to attain the attributes of great Islamic…
TAJBank, Islamic Corporation To Fund Capital Projects In Nigeria
AJBank Limited, a non-interest bank, has signed a Memorandum of Understanding (MoU) with the Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development…
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,…
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.…
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…
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…