Posted in Featured News on Dec 2nd, 2010
2 December 2010 [MicrofinanceAfrica] The Federal Government plans to establish a non-interest (Islamic) bank in the country, to assist low income earners in the delivery of financial services at affordable costs. Umaru Ibrahim, acting managing director, Nigeria Deposit Insurance Corporation (NDIC), made the announcement on Wednesday, in Abuja, at a one-day sensitisation seminar on Non- [...]
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Posted in Featured News on Nov 29th, 2010
29 November 2010 [Syminvest] Islamic loans targeting Indonesian small businesses have grown to dominate Shariah-compliant credit in the world’s most-populous Muslim nation, prompting the country’s biggest banks to expand. PT Bank Syariah Mandiri is adding branches in Java and Sumatra to offer so-called microfinance loans because more than 90 percent of Indonesia’s 50 million small [...]
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Posted in Featured News on Nov 29th, 2010
29 November 2010 [TMCNet] Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, today announced that it has acquired the India-based IT services company, Thesys Technologies Private Limited (“Thesys”), a Temenos-Certified Services Partner1 that provides banking implementation solutions to the global financial services industry. Thesys Technologies, with more than 300 employees [...]
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Posted in Featured News on Nov 25th, 2010
25 November 2010 [CIBAFI] Microfinance can be the new focus in Islamic finance as industry players are looking at news avenues to channel excess liquidity in the system, says an industry expert. Yavar Moini, Head of Islamic Banking, Morgan Stanley, United Arab Emirates, said it was possible to develop a syariah-based microfinance product. However, efforts [...]
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