by James Stevenson -

MICROCAPITAL BRIEF: Regulator Licenses ADIB Egypt to Open Shariah-compliant Subsidiary, ADI Microfinance 

The Egyptian unit of UAE-based Abu Dhabi Islamic Bank (ADIB) recently acquired a license from Egypt’s Financial Regulatory Authority to operate its subsidiary ADI Microfinance. The microfinance institution will offer

by James Stevenson -

MICROFINANCE EVENT: 5th Global Takaful and Re-takaful Forum; September 19-21, 2023; Dubai, UAE

This event includes a one-day forum on September 19 followed by a two-day workshop on the historical, “operational and practical aspects” of takaful, re-takaful and micro-takaful, types of insurance that comply with Islamic law. The goals of these events are to

by Ben Barba -

MICROCAPITAL BRIEF: Purpl Launches Remittances, Digital Wallets in Lebanon; Partners with Banque Libano-Française, Paysend

Purpl, a financial technology (fintech) firm with offices in Lebanon and UAE, recently launched its app, which allows customers in Lebanon to use their phones to make electronic payments and receive money from individuals abroad. Through the firm’s partnership with UK-based Paysend, Purpl customers can receive payments from

by Ben Barba -

MICROFINANCE EVENT: 3rd CIS Islamic Banking and Finance Forum; March 14-16, 2023; Tashkent, Uzbekistan 

This event offers a one-day summit on March 14 and a two-day workshop on March 15 and 16, all with the aim of promoting Islamic finance in the 10 member countries of the Commonwealth of Independent States (CIS). The summit offers sessions titled Islamic Finance and Financial Inclusion; Investment

by Renata Samadova -

MICROFINANCE EVENT: Future of Fintech; June 14-15, 2023; Riyadh, Saudi Arabia; NEW DATES

Originally scheduled to take place starting March 1, this event will focus on “disruptive ideas from across the fintech ecosystem.” The two-day event offers online and in-person sessions including: (1) Evaluating Saudi Arabia’s FinTech [Financial Technology] Venture Activity – Key Drivers and Factors; (2) Offering Financial Flexibility to

by Renata Samadova -

MICROFINANCE EVENT: 4th Global Takaful & Re-takaful Forum; August 24-26, 2022; Dubai, UAE

The purpose of this event is to share information about takaful – insurance that complies with Islamic law. The event combines a forum on the first day with workshops during the two following days. The forum will include sessions such as: (1) Foundations and Current Practices of the Takaful Industry; (2) Takaful Portfolios and Innovative Products; (3) Best Marketing Strategies; (4) Risk Management & Actuarial Services; and (5) Future Perspectives of Takaful.