National Bank for Development (NBD) has allocated EGP 200 million towards providing funding for small and micro enterprises, and designed a comprehensive range of funding programmes that are Shari’ah-compliant.
Nevine Loutfy, CEO and Managing Director of NBD, said, “The bank’s aim from offering Shari’ah-compliant micro-financing is to address the banking needs of a market segment that has been largely marginalised in terms of receiving financing services, with the end goal of elevating their standard of living and encouraging entrepreneurship.”……………………………………….Full Article: Source