Islamic Finance

$8 mln, 175,000 donors financing 5,000 businesses in 2 years: Waqf-based crowdfunder Narwi making a social impact


Since it launched in late 2014, Shariah-compliant micro-giving crowdfunder Narwi has raised $8 million in financing for entrepreneurs through 175,000 donors, helping 5,000 bu sinesses and generating 15,000 jobs. It was acquired by the World Congress of Muslim Philanthropists in December 2016 and is now poised for expansion beyond the Middle East.

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tags:

Awqaf
Crowdfunding
Financing
P2P
SMEs
Social impact investing
Waqf
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DinarStandard