IslamicFinance.de

Tamkeen and Family Bank signed an agreement to add BD2 million to the microfinance support scheme, bringing the programme’s total portfolio value to BD 5 Million. The agreement is part of Tamkeen’s and the Family Bank’s efforts to provide customised Sharia-compliant financing solutions to help micro enterprises, including productive families, to grow, in addition to enabling low-income Bahrainis to establish small businesses. Under the programme, Tamkeen supports 50% of the loan profit. Finance amounts range between BD500 and BD5,000. Tamkeen also provides advisory services to customers.