Posts Tagged ‘Islamic microfinance’

Microfinance Focus, Aug 23, 2010: The Islamic microfinance organization of Pakistan, Farz Foundation is carrying out relief efforts in 49 villages of Tehsil Atharah Hazari where about ten thousands houses have been destroyed and around 50 to 70 thousand have been severely affected in the catastrophic floods that  hit the nation this month. The Farz foundation's efforts ... Full story

Microfinance Focus, Aug 10, 2010: Pakistan’s Islamic microfinance organization Farz Foundation has been awarded Shariah Compliance Certificate by Mufti Iftikhar Baig, Advisor Albarka Islamic Bank and Mufti Mahmood, Head of Online Fatawa Program, Jamia Ashrafia Pakistan. They certified that Farz Foundation will practice Murabaha which has been closely examined and all transactions of the organization will be considered correct as per Shariah.    The Farz Foundation is a ... Full story

Microfinance Focus, April 1, 2010: Lahore based Farz Foundation and Akhuwat, microfinance organizations provide services on the principles of Islamic microfinance have signed a MOU for the provision of Sharia compliant Islamic microfinance facilities in Lahore. Akhuwat will provide initial fund as Qarz e Hasna (Without charging any profit or markup) and Farz Foundation ... Full story

MicrofinanceFocus, July 18, 2009: A two day International Conference on the “Emerging concept of Islamic Microfinance” will be held in Islamabad from July 21 to 22. Islamic microfinance aims at lending not money but providing necessary goods, equipment and machinery to the clients to run the business at micro level. Full story