BlueOrchard Private Equity Fund Acquires 20% Stake in Microfinance Holding...
The BlueOrchard Private Equity Fund (BOPE Fund) recently obtained a 20% stake in US-based CHF Development Finance International, a holding company established by development organization CHF...
View ArticleKosher money: Islamic micro finance fails to take centre stage
Inspite of the extraordinary potential of the country, financial institutions in Pakistan are still not taking Islamic micro financing seriously. According to Al Baraka Bank Chief Operating Officer...
View ArticleFarz Foundation, WCMP to work together on Islamic microfinance
The World Congress of Muslim Philanthropists (WCMP) and Pakistan’s Islamic microfinance institution Farz Foundation have signed a Memorandum of Understanding. The foundation and the WCMP will cooperate...
View ArticleSahulat opens interest-free microfinance unit in Kolkata
Sahulat Microfinance Society launched Sahulat Business Cooperation Group (SBCG), an interest-free microfinance unit at Metiaburz area of Kolkata city on 3rd January. SBCG is member-owned, participatory...
View ArticleIslamic Finance: Opportunity for an inclusive development, Milano, Italy,...
By organizing a one-day conference on Islamic finance and bringing together some of the major players in the field of islamic and ethical finance , Islamic Relief-Italy, in collaboration with ASSAIF,...
View ArticleIslamic Microfinance: A Model for Alleviating Poverty
Islamic microfinance is evolving into an increasingly popular mechanism for alleviating poverty, particularly in developing countries around the world. The Islamic finance industry as a whole is...
View ArticleInterest-free microfinance hope for poor Muslims
The Human Welfare Foundation will now provide loans in the form of interest-free microfinance to the poor across the country including Hyderabad, making microfinance a more humane approach. Besides the...
View ArticleIslamicFinance.de aims to raise USD 2’500 for quarterly running costs
Dear Reader, IslamicFinance.de is privately funded for many years. Now, for the first time, you have the possibility to make a contribution, from one Dollar upwards! The technical details, and the...
View ArticleInterest-free microfinance hope for poor Muslims
It seems that the Human Welfare Foundation will now provide loans in the form of interest-free microfinance to the poor across the country including Hyderabad. Besides interest-free loans, a support...
View ArticleMicroangels and Microequity: The Missing Ingredients of Microfinance
Microfinance has delivered to the poor and unbanked, the availability of micro loans and micro-insurance in exchange for micro-savings. Although its results as a tool to fight against poverty are...
View Articlelnterest Free Microfinance through Cooperatives
The Sahulat Microfinance Society, a National NGO working for the financial inclusion through cooperative based microfinance, will lead a national consultation on “lnterest Free Microfinance through...
View ArticleIslamic microfinance: An instrument for poverty alleviation
Islamic microfinance (IM) continues its development into a very popular mechanism for alleviating poverty, especially in developing countries. The expected growth of the Islamic microfinance industry...
View ArticleProspects and challenges of Islamic microfinance
From the beginning the Islamic non-governmental organisations, cooperatives and microfinance institutions have been encountering numerous challenges. The principal challenge is Funding Islamic...
View ArticleIslamic microfinance curbs poverty – KFH report
According to a recent report by Kuwait Finance House (KFH), Islamic microfinance is a good solution for decreasing poverty. Since it is a combination of economic, social and religious principles, it...
View ArticleYemen to host international workshop on Islamic Microfinance
As Islamic Microfinance gains popularity in Arab countries, AlHuda Centre of Islamic Banking and Finance and Yemen Microfinance Network plan a two-day training workshop on Islamic Microfinance. It will...
View ArticleGlobal Islamic Microfinance Forum to be held in UAE
The date for the Global Islamic Microfinance Forum on Islamic Microfinance is set: 8th December, 2012. Representatives from over 30 countries will gather in the UAE for the forum in order to exchange...
View ArticleGlobal Islamic Microfinance Forum on Dec 8
The Global Islamic Microfinance Forum on Islamic microfinance will be held in the UAE on December 8, in which delegates from more than 30 countries will participate. The forum's purpose is to introduce...
View ArticleMICROCAPITAL BRIEF: 8th Annual Clinton Global Initiative: Commitments to...
The promotion of creativity and innovation to drive change through social investment and the empowerment of women, were the main topics of the 8th Annual Clinton Global Initiative that was concluded on...
View ArticleWhat’s the difference?
You can find out here what are the generally accepted advantages and disadvantages of saving groups in the sector of micro-finance: http://savings-revolution.org/blog/2012/10/4/whats-the-difference.html
View ArticleChallenge of entrepreneurship in GCC
SMEs move from their entrepreneurial phase to a professionally-managed phase. As a result, there is a huge necessity for them to adopt the concept of corporate governance. According to a report by...
View ArticleMICROFINANCE PAPER-WRAP UP: “Emerging Perspectives on Youth Savings;” by...
The paper by Tanaya Kilara and Alexia Latortue addresses the topic of familiarizing poor individuals with savings programs. This is particularly important at early ages. Financial providers can offer...
View ArticleFamily businesses in Middle East seek government support
Family businesses in the Middle East and in the Gulf region face crucial challenges and therefore turn to the government for help and support. The chairman of Al Fahim Group explains that government...
View ArticleIslamic microfinance ‘good alternative’ for alleviation of poverty
Conventional microfinance has proven ineffective in alleviating poverty. Islamic finance is suggested as a better alternative. Relevant to the World Poverty Day, a seminar concerning the global issues...
View ArticleInternational Conference in Indonesia: poverty alleviation: Islamic...
CEO of AlHuda Centre of Islamic Banking and Economics - Zubair Mughal - explained at an International Microfinance Conference in at an International Microfinance Conference that in the time of the...
View ArticleIslamic finance job openings October 2012
IslamicFinance.de offers an overview about new job openings of October 2012 herewith - firms aiming to be included please send a job profile/hyperlink to newsdesk@islamicfinance.de - the full details...
View ArticleDeloitte: Challenges mounting for Middle East family businesses
Family businesses play a key role in the business scene of the Middle East and are intrinsic to the region's economy as well. According to the latest Deloitte ME Point of View publication however,...
View ArticleIslamic finance title from German translated to Chinese
Dear Reader, The German language book on Islamic finance by the Editor of IslamicFinance.de and Dr Wackerbeck from Booz Consultants is now translated to Chinese. Please find the biographical...
View ArticleFamily businesses and corporate governance in the Middle East
A key business demographic in the Middle East are family businesses. However, various factors like increased competition, a global economy that is going through turmoil, reduced or more expensive...
View ArticleIslamic microfinance can bring people above poverty line
Islamic microfinance can bring people above the poverty line as well as enable self-reliance through a regular source of income. According to Muhammad Zubair Mughal, CEO of AlHuda Centre of Islamic...
View ArticleOutlook & Review 2012/2013
Dear Reader, Islamic finance had another great year. Many of its market segments progressed, like for example the Sukuk market gaining more maturity. Despite the ongoing debt crisis a good sign of hope...
View ArticleShari`ah-compliant Loans for Poor Muslims
WAFAA - a non-profit organization - provides Shari`ah-compliant loans for low-income entrepreneurs in order to enable a better life. Co-founder and Managing Partner of WAFAA - Hammam Khaled - explains...
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MFI’s of 27 Countries unified for the development of Islamic Microfinance
The Global Islamic Microfinance Forum in the UAE united MFI’s of 27 Countries to elaborate on the development of Islamic Microfinance. The event was marked by unanimity on the decision to work...
View ArticleMICROCAPITAL BRIEF: African Charitable Society for Mother and Child Care of...
According to a recent report, the African Charitable Society for Mother and Child Care has signed an agreement which allows access to USD 100,000 from the Islamic Solidarity Fund. The Palestinian fund...
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Djibouti develops framework for Islamic Microfinance
The central bank of Djibouti develops a regulation for Islamic microfinance as it is seen as a strategic tool to fight poverty. The Agence Djiboutienne de Développement Social (ADDS) aims to establish...
View ArticleISLAMIC FINANCE AT THE AGRICULTURAL DEVELOPMENT FUND
Technical report for free download regarding the Agricultural Development Fund (ADF), the first lender to the agricultural sector in Afghanistan in over 25 years, which was initially designed to be a...
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Islamic Microfinance on the Rise
An estimated 1.28 million clients around the world use Sharia-compliant microfinance services, a four-fold increase since 2006. The number of providers offering these products has doubled since 2006....
View ArticleEthica Institute of Islamic Finance Interviews Akhuwat, the World’s First...
Ethica Institute of Islamic Finance in Dubai interviewed Pakistan-based Akhuwat, a microfinance program that has given loans to over 1 million people, without charging interest. Akhuwat-founder Dr....
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MICROFINANCE PUBLICATION ROUND-UP: Social Performance in Nepal,...
The report “State of Social Performance in Nepal” from the US-based Microfinance Information Exchange (MIX) examines the social performance (SP) of microfinance institutions (MFIs) in Nepal. The...
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Islamic microfinance market size reaches USD 1 billion: Pak CIBE
Islamic microfinance is rapidly gaining acceptance in Muslim and non-Muslim countries due to its success in poverty eradication. According to Muhammad Zubair Mughal, Chief Executive Officer of...
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Islamic Microfinance in Yemen: Challenges and Opportunities
In an effort to foster hope and stability among Yemen’s por, Al-Amal Microfinance Bank is working to introduce a range of Sharia-compliant microfinance products aimed at reaching the unbanked....
View ArticleCan Islamic Microfinance spur Inclusive Prosperity?
Ensuring the provision of financial services to the poor can address the challenge of poverty alleviation. A large portion of the poor population, however, is excluded from formal financial services....
View ArticleIslamic Microfinance research study initiated in Yemen
AlHuda Center of Islamic banking and economics (CIBE) Initiated a Islamic Microfinance research study for Yemen Microfinance Network (YMN) in Yemen. This study will be conducted in Yemen's capital...
View ArticleMICROCAPITAL BRIEF: Kenya-based Gulf African Bank, African Guarantee Fund...
<p>The African Guarantee Fund (AGF), reportedly has agreed to guarantee an unspecified portion of KES 100 million (USD 1.2 million) to be loaned by Gulf African Bank (GAB) to SMEs in Kenya....
View ArticleIDB: Young Professionals Program (YPP)
<p>ABOUT YPP: </p> <p>The Young Professionals Program (YPP) is the strategic talent pipeline for the professional career in the Islamic Development Bank (IDB) Group. The Program is...
View ArticleA National Experiment: Sharia-Compliant Finance in Sudan
<p>In Sudan, Sharia-compliant microfinance is the government-mandated rule, not the exception. That’s because the country’s banking system went fully Islamic in the 1980s,...
View ArticleMICROFINANCE EVENT: International Islamic Microfinance Seminar, July 1-2,...
<p>The "International Islamic Microfinance Seminar" was held in Abuja, Nigeria on July 1-2, 2013. This event focused on Nigeria&rsquo;s Islamic microfinance and...
View ArticleMICROCAPITAL BRIEF: Islamic Development Bank (ISDB), Government of Punjab...
The Islamic Development Bank (ISDB) will disburse a loan of PKR 14.6 billion (USD 146 million) with a 0.5 percent interest rate per year to the Punjab provincial government of Pakistan. The money will...
View ArticleIndonesia’s BMT Microfinance system should be introduced Globally: Zubair Mughal
<p>Baittul Maal wa Tamwil (BMT) Microfinance system which is being working in Indonesia should be introduced all-around the globe as the best system to eliminate poverty, Chief Executive Officer...
View ArticleLessons from the MIX in Tracking Islamic Microfinance Development
Islamic microfinance providers represent a growing and important niche within the market of financial services specifically targeting the poor. Over the last decade, the microfinance sector has built...
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