Bahrain’s labour fund Tamkeen and Islamic micro-finance bank Family Bank have signed an agreement to add BD2 million ($5.3 million) to the microfinance support scheme, bringing the programme’s total portfolio value to BD 5 million ($
Tamkeen and Family Bank have announced the launch of ‘Mantoojati’, a joint initiative aimed at enhancing the growth and sustainability of productive families in Bahrain.
This is in line with Tamkeen’s on-going ef
Tamkeen has signed an agreement with Family Bank to increase the portfolio of the micro-finance support scheme that provides SMEs and micro businesses with Sharia-compliant financing solutions to enable them to grow.
Bahrain Chamber of Commerce and Industry (BCCI) and Family Bank have teamed up to set up a centre aimed at supporting and developing small and medium enterprises (SMEs).
BCCI chairman Dr Essam Fakhro yesterday (May 23) signed a memorandum
Tamkeen has joined hands with the Family Bank to provide a targeted 500 beneficiaries with access to micro-financing.
The BD1 million ($2.65 million) portfolio will be used by Tamkeen to subsidise 50 per cent of the profit rate charged for
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 Family Bank, a microfinance bank licensed by the Central Bank of Bahrain, has announced plans to provide collateral-free micro-credits to its customers under a new scheme.
Under the agreement, signed with Eltizam Islamic banking consul