Somalia-focused Kaah International Microfinance Services wins $100,000 EFICA 2017
Photo: Justin Sykes of Kaah International Microfinance Services (KIMS) with the cheque for $100,000 after voted winner of the Ethical Finance Innovation Challenge and Awards (EFICA) 2017 in Dubai, UAE on November 15, 2017. Salaam Gateway/Emmy Abdul Alim
DUBAI - Kaah International Microfinance Services (KIMS) has been named the 2017 recipient of the Ethical Finance Innovation Challenge and Awards (EFICA), which is co-organised by Thomson Reuters and Abu Dhabi Islamic Bank.
KIMS beat UK-based asset management firm Arabesque and Malaysia’s retirement savings fund the Employees Provident Fund (EPF) for the $100,000 prize. The two runner-ups received $20,000 each.
The three finalists were selected by an advisory board of Islamic finance experts, out of 100 entries from across the world. Following a final pitch to audience members at the EFICA gala dinner held in Dubai this evening, KIMS won with the majority of the audience’s vote.
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Rachel McArthur