Monthly Archives: March 2012

Non-Islamic: Al-Majmoua

We finally heard back from Al-Majmoua in Lebanon! Sadly, they too do not provide Islamic microfinance: From: Youssef Fawaz Dear Ashiq, Thank you for your interest in Al Majmoua. As you can see from our profile on Kiva, Al Majmoua … Continue reading

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Verified: Al-Amal (Yemen)

While googling randomly for Kiva and islamic microfinance, I stumbled upon this post on the Kiva news blog, welcoming Al-Amal microfinance as the first Kiva Field Partner in Yemen. The post states: Al-Amal is the first microfinance institution in the … Continue reading

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Verified: FATEN (Palestine)

I emailed FATEN on March 10th to ask if they use Islamic microfinance. Below is their reply. Dear Mr. Ashiq I hope this note finds you well. In FATEN, we have Islamic loans using Murabaha method. Let me explain more … Continue reading

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Non-Islamic: MLO Humo and Partners

I contacted MLO Humo and Partners, a partner based in Tajikistan, a country which Wikipedia claims is 98% Muslim, with Islam as the official religion. But subhanallah, they don’t have Islamic microfinance: From: Mavsuda Vaisova mavsuda@humo.tj Dear Ashiq, We have … Continue reading

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