20.08.2012 - Al-Baraka Bank Egypt: Funding small enterprises
In a bid to enhance small enterprises, the Social Fund for Development (SFD) and Al-Baraka Bank Egypt have signed a LE200 million deal to finance small enterprises. The financing deal is based on the Islamic Musharaka principle. Ghada Wali, SFD secretary-general, speaking at a press conference said that the agreement aims at diversifying the fund's services to include Sharia-compliant products to finance small projects which in turn would help create jobs and boost development...............................................Full Article: Source
Print