12.03.2009 - First Global launches pioneering micro-finance programme
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