Bahrain’s labour fund Tamkeen and Islamic micro-finance bank Family Bank have signed an agreement to add BD2 million ($5.3 million) to the microfinance support scheme, bringing the programme’s total portfolio value to BD 5 million ($
Egypt has issued the country's first law regulating microfinance services, the Egyptian Supervisory Authority said late on Thursday.
The law regulates microfinance funding by non-bank sources including companies and non-govern
Doha-based social initiative Silatech has signed a deal with Kaaba Microfinance Institution (K-MFI) in Somaliland to promote youth enterprise and employment solutions.
The memorandum of understanding paves the way for the two orga
The Central Bank of Bahrain (CBB) has released a new set of rules specifically tailored for microfinance institutions.
The rules for microfinance institutions are part of the Volume 5 of the CBB Rulebook, developed specific
Islamic finance volumes will pass through $2 trillion where Islamic banking keeps 78 per cent, sukuk 16 per cent, takaful 1 per cent, Islamic funds 4 per cent and Islamic microfinance 1 per cent share, said an industry expert.
Islamic microfinance is an effective tool for poverty alleviation and it should be introduced around the globe, according to Bahrain's Social Development Minister Dr Fatima Al Balooshi.
Dr Al Balooshi made the comments while a
HSBC Bank Middle East has joined a region-wide volunteer initiative developed by Grameen-Jameel Microfinance (Grameen-Jameel) to support the growth of microfinance among the underprivileged.
HSBC has signed an MOU with Grameen-Jameel to vo
Grameen-Jameel, a leading provider of microfinance, recently held its first partner meeting in Istanbul to mark its achievement of having reached 1.5 million clients living in poverty through partner microfinance institutions.
Bahrain-based Family Bank said its new microfinance programme which specifically targets low-income families will benefit 5,000 individuals in the Kingdom.
The bank, with a paid-up capital of BD5 million and an allowance of up to BD15 mill
The MasterCard Foundation has appointed Hutham S Olayan to its board of directors.
Lebanese-origin Olayan who is settled in the US, brings considerable expertise in global finance and development, as well as deep knowledge of the Middle Ea