Innovation

Egypt to Start up Islamic Microfinance Institution

1928_opt

The Egyptian Ministry of International cooperation has signed an agreement with Islamic Development Bank (IDB) to set up an Islamic microfinance institution, according to a press release.

The microfinance entity will operate with EGP 450 million, the release revealed, indicating that its assets are forecast to hit EGP 4 billion within five years.

To read more, click here.

Comments

comments

Leave a Comment

Your email address will not be published. Required fields are marked *

*