{"id":549036,"date":"2022-08-31T04:00:58","date_gmt":"2022-08-31T04:00:58","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/"},"modified":"2022-08-31T04:00:58","modified_gmt":"2022-08-31T04:00:58","slug":"egypts-first-islamic-microfinance-license-goes-to-maksab","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/","title":{"rendered":"Egypt\u2019s first Islamic microfinance license goes to Maksab"},"content":{"rendered":"

Little known company aims to push into Islamic microfinance in Egypt:<\/strong> The Egyptian Microfinance Company (Maksab) has become the first local player to get a license from the Financial Regulatory Authority (FRA) to provide sharia-compliant microfinance. The move comes as part of the regulator\u2019s drive to increase financial inclusion by widening microfinance options to unbanked microbusinesses, the regulator\u2019s new chief, Mohamed Farid, said in a statement (pdf)<\/a> yesterday.<\/p>\n

Maksab who? <\/strong>We weren\u2019t able to find a digital footprint for the company, though it looks to be relatively newly formed and headed by Mohammed Hassan (LinkedIn<\/a>), former head of Islamic banking at Bank Audi Egypt (now FABMisr after its merger with First Abu Dhabi Bank). We reached out to Hassan yesterday but haven\u2019t heard back from him or his media team as of dispatch time.<\/p>\n

More Islamic microfinancing options could be coming soon:<\/strong> Maksab\u2019s license is for a type of Islamic financing known as \u201cal wakala bil istithmar.\u201d The regulator is also looking into issuing licenses for sharia-compliant murabaha and musharaka financing for non-banking microfinance institutions, it said.<\/p>\n

Nineteen companies now have licenses to offer microfinance services<\/strong>, the FRA said. Some 3.8 mn people received EGP 33.3 bn in microfinancing during the first seven months of 2022, 60% of them women, according to its figures.<\/p>\n","protected":false},"excerpt":{"rendered":"

Little known company aims to push into Islamic microfinance in Egypt: The Egyptian Microfinance Company (Maksab) has become the first local player to get a license from the Financial Regulatory Authority (FRA) to provide sharia-compliant microfinance. The move comes as part of the regulator\u2019s drive to increase financial inclusion by widening microfinance options to unbanked […]<\/p>\n","protected":false},"author":1,"featured_media":549037,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7691],"tags":[72,7087,76,2337,2338,311,595],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-enterpriseam","tag-finance","tag-financial-regulatory-authority","tag-islamic-finance","tag-maksab","tag-microfinance","tag-non-banking-financial-services","wpautop","entry"],"acf":{"mongo_id":"4b6b9cef-82ab-4cd3-b787-42ed9c23ae20","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/450.jpg","photo_position":"above","related_issue":[549021],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s first Islamic microfinance license goes to Maksab - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s first Islamic microfinance license goes to Maksab\" \/>\n<meta property=\"og:description\" content=\"Little known company aims to push into Islamic microfinance in Egypt: The Egyptian Microfinance Company (Maksab) has become the first local player to get a license from the Financial Regulatory Authority (FRA) to provide sharia-compliant microfinance. The move comes as part of the regulator\u2019s drive to increase financial inclusion by widening microfinance options to unbanked […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-31T04:00:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s first Islamic microfinance license goes to Maksab\",\"datePublished\":\"2022-08-31T04:00:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/\"},\"wordCount\":224,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Finance\",\"Financial Regulatory Authority\",\"Islamic finance\",\"Maksab\",\"microfinance\",\"non-banking financial services\"],\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/\",\"name\":\"Egypt\u2019s first Islamic microfinance license goes to Maksab - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-08-31T04:00:58+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt\u2019s first Islamic microfinance license goes to Maksab\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egypt\u2019s first Islamic microfinance license goes to Maksab - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/","og_locale":"en_US","og_type":"article","og_title":"Egypt\u2019s first Islamic microfinance license goes to Maksab","og_description":"Little known company aims to push into Islamic microfinance in Egypt: The Egyptian Microfinance Company (Maksab) has become the first local player to get a license from the Financial Regulatory Authority (FRA) to provide sharia-compliant microfinance. The move comes as part of the regulator\u2019s drive to increase financial inclusion by widening microfinance options to unbanked […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-08-31T04:00:58+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt\u2019s first Islamic microfinance license goes to Maksab","datePublished":"2022-08-31T04:00:58+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/"},"wordCount":224,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM","Finance","Financial Regulatory Authority","Islamic finance","Maksab","microfinance","non-banking financial services"],"articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/","name":"Egypt\u2019s first Islamic microfinance license goes to Maksab - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?fit=%2C&ssl=1","datePublished":"2022-08-31T04:00:58+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt\u2019s first Islamic microfinance license goes to Maksab"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":564172,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/","url_meta":{"origin":549036,"position":0},"title":"And Egypt\u2019s first microleasing license goes to...","author":"enterpriseam admin","date":"15 August 2021","format":false,"excerpt":"Tasaheel acquires Egypt\u2019s first microleasing license: Micro lender Tasaheel was today granted the first license for microfinance leasing in the Egyptian market by the Financial Regulatory Authority (FRA), a source at the regulator told Enterprise today. This will make the company \u2014 which also received the country\u2019s first SME microfinancing\u2026","rel":"","context":"In "SPEED ROUND: FINANCE"","block_context":{"text":"SPEED ROUND: FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/429.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567401,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/","url_meta":{"origin":549036,"position":1},"title":"Emirati company looking to establish microfinance unit in Egypt","author":"enterpriseam admin","date":"21 January 2020","format":false,"excerpt":"A major Emirati company is considering launching a microfinancing arm in Egypt, Al Malreports, citing three sources familiar with the matter. They said the company is currently assessing the Egyptian market and will submit a licensing request to the Financial Regulatory Authority this year, with one confirming that it also\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543745,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/16\/new-green-islamic-microfinance-products-on-the-menu-for-2022\/","url_meta":{"origin":549036,"position":2},"title":"New green, Islamic microfinance products on the menu for 2022","author":"enterpriseam admin","date":"16 February 2022","format":false,"excerpt":"The Financial Regulatory Authority (FRA) could soon issue licenses for green and Islamic microfinance products, FRA\u2019s Deputy Chairman Islam Azzam told Daily News Egypt. Azzam added added that the regulator is currently working on developing new financial products, with a particular focus on microfinance. An FRA spokesman confirmed the substance\u2026","rel":"","context":"In "REGULATION WATCH"","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/218.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632601,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/14\/ni-capitals-tamweely-receives-temporary-microfinance-license\/","url_meta":{"origin":549036,"position":3},"title":"NI Capital\u2019s Tamweely receives temporary microfinance license","author":"enterpriseam admin","date":"14 February 2018","format":false,"excerpt":"The Financial Regulatory Authority (FRA) awarded Tamweely a temporary microfinance license, with the company looking to launch operations \u201cin the next few days,\u201d said Chairman Amr Abul Azm. The company expects to receive the final license before the end of 1Q2018, Abul Azm said in a statement (pdf). Tamweely was\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596800,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/rayas-microfinance-arm-aman-to-start-collecting-installments-online\/","url_meta":{"origin":549036,"position":4},"title":"Raya\u2019s microfinance arm Aman to start collecting installments online","author":"enterpriseam admin","date":"8 July 2019","format":false,"excerpt":"Raya Holding\u2019s microfinance subsidiary Aman will start accepting installments from its clients online after obtaining Financial Regulatory Authority approval, CEO Ahmed El Khatib said, according to Mubasher. The company will collect payments through Raya\u2019s other subsidiary Aman for E-Payments.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591397,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/04\/egypts-nbfs-watchdog-to-issue-nano-lending-licenses-soon\/","url_meta":{"origin":549036,"position":5},"title":"Egypt\u2019s NBFS watchdog to issue nano lending licenses soon","author":"enterpriseam admin","date":"4 December 2019","format":false,"excerpt":"The Financial Regulatory Authority (FRA) has received two applications from unnamed microfinance companies looking to obtain a license to to begin offering nano lending services, microfinance development expert at the FRA Ahmed Abdel Gawad said. The authority is expected to issue the licenses by next month, Abdel Gawad added. Nano\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=549036"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549036\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/549021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/549037"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=549036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=549036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=549036"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=549036"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=549036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}