Farz Foundation, WCMP to work together on Islamic microfinance
The World Congress of Muslim Philanthropists (WCMP) and Pakistan’s Islamic microfinance institution Farz Foundation have signed a Memorandum of Understanding. The foundation and the WCMP will cooperate in developing Shari’ah-compliant product based on need and innovation. WCMP will copy Farz methodology in Pakistan and outside, especially in the less developed Muslim countries.
Farz Foundation represents Pakistan’s first Shari’ah-compliant Islamic microfinance institution.
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