Saturday 30 August 2014
 
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Microfinance

Silatech, Kaaba to support Somali youth enterprises

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

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CBB unveils new rules for microfinance firms

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

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Islamic finance ‘to top $2 trillion in 2014’

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. &qu

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New push to promote Islamic microfinance

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

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HSBC, Grameen-Jameel in microfinance drive

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

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Grameen-Jameel reaches 1.5m clients

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. The Grameen-

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New scheme to benefit low-income Bahrainis

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

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MasterCard Foundation adds board member

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

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Arab investors 'eyeing Microfinance Industry'

Microfinance is clearly emerging as a new asset class for Arab investors who are seeking low-risk investments with a stable return, according to experts who gathered in Dubai for a symposium co-hosted by Grameen-Jameel. Grameen-Jameel is t

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Top investors to attend Arab Microfinance symposium

The First Arab Microfinance Investment Symposium is expected to attract more than 100 investors, leading financial experts and representatives from investment-ready Arab microfinance institutions (MFIs). Experts are to discuss how this ind

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