Sat, Dec 20, 2014
A A A
Welcome bhaimia
RSS

First Global launches pioneering micro-finance programme

Posted on 12 March 2009

From Dailymirror.lk: First Global Investments Holdings (FGIH) recently launched its Islamic Micro-Finance programme which was targeted at alleviating poverty in the suburbs of Colombo. There were a total of 24 beneficiaries selected from destitute communities in Maradana, Slave Island, Kirulapone and Dehiwala.

This pioneering micro-finance programme is based on the principle of Murabaha or cost plus mark-up where the beneficiaries are supplied commodities by FGIH at cost plus a nominal mark-up which they would have to repay in monthly installments….. Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
293031