Islamic Finance

World Islamic body OIC tabling recommendation to study new microfinancing models for women-run businesses


JAKARTA -The Organisation of Islamic Cooperation (OIC) will be tabling a recommendation to study new microfinancing models at next month’s seventh ministerial conference on the role of women in development in member states.

The recommendation comes from OIC’s Islamic Chamber of Commerce, Industry and Agriculture (ICCIA) that is keen to test new financing models for micro businesses run by Muslim women in member states.

The aim is to find a solution for inadequate financing facilities for female entrepreneurs, Attiya Nawazish Ali, ICCIA Assistant Secretary General told Salaam Gateway during the ICCIA 27th Board of Directors and 60th Financial Committee Meeting on Oct 23 in Jakarta.

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tags:

Entrepreneurs
Financing
Gender
Microfinance
Women