IslamicFinance.de

The Maidah Foundation, a non-governmental organisation for muslim women entrepreneurs has urged the federal government to adopt a non-interest financing to boost micro small and medium enterprise (MSME) in the country. This is contained in a communique read to newsmen by the Secretary-General of the Foundation, Hajia Latifat Balogun, at its stakeholder forum in Abuja. The communique said the development had capacity to bring millions of unbanked Nigerians to the formal sector. The communique further said the foundation was prepared to support government efforts to formulate appropriate template for the adoption of the new finance regime. The objective of the foundation is to contribute towards the economic development of women entrepreneurs in the country.