{"id":567401,"date":"2020-01-21T05:37:02","date_gmt":"2020-01-21T05:37:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/"},"modified":"2020-01-21T05:37:02","modified_gmt":"2020-01-21T05:37:02","slug":"emirati-company-looking-to-establish-microfinance-unit-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/","title":{"rendered":"Emirati company looking to establish microfinance unit in Egypt"},"content":{"rendered":"

A major Emirati company is considering launching a microfinancing arm in Egypt, Al Mal<\/a>reports<\/a>, 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 intends to establish a specialized arm in consumer finance after the microfinancing unit has launched.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 intends to establish a specialized […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9298],"tags":[2372,72,76,311,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567401","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","tag-financial-regulatory-authority","tag-microfinance","tag-uae","wpautop","entry"],"acf":{"mongo_id":"058a98d7-eeb9-4aea-ba57-4391d5eb2ed0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[567371],"teaser":"","voice_url":""},"yoast_head":"\nEmirati company looking to establish microfinance unit in Egypt - 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\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emirati company looking to establish microfinance unit in Egypt\" \/>\n<meta property=\"og:description\" content=\"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 intends to establish a specialized […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-21T05:37:02+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Emirati company looking to establish microfinance unit in Egypt\",\"datePublished\":\"2020-01-21T05:37:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/\"},\"wordCount\":75,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"microfinance\",\"UAE\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/\",\"name\":\"Emirati company looking to establish microfinance unit in Egypt - 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This is the first company in the non-banking sector to be able to finance SME activities under the Microfinancing Act. Tasaheel will now be able to offer micro loans to\u2026","rel":"","context":"In "Microfinance"","block_context":{"text":"Microfinance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/microfinance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549036,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/","url_meta":{"origin":567401,"position":1},"title":"Egypt\u2019s first Islamic microfinance license goes to Maksab","author":"enterpriseam admin","date":"31 August 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600382,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/28\/ebtikars-vitas-gets-microfinancing-license\/","url_meta":{"origin":567401,"position":2},"title":"Ebtikar\u2019s Vitas gets microfinancing license","author":"enterpriseam admin","date":"28 January 2019","format":false,"excerpt":"Ebtikar for Financial Investment\u2019s Vitas received a micro-financing license and will focus on projects that need up to EGP 100,000 of funding,parent company B Investments said in a bourse disclosure (pdf). B Investments established Ebtikar in June 2017 as a vehicle to invest in the non-banking financial services sector.","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":564172,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/","url_meta":{"origin":567401,"position":3},"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":558476,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/11\/edita-borrows-egp-150-mn-from-credit-agricole-for-new-production-line\/","url_meta":{"origin":567401,"position":4},"title":"Edita borrows EGP 150 mn from Credit Agricole for new production line","author":"enterpriseam admin","date":"11 August 2021","format":false,"excerpt":"Edita is taking out a seven-year EGP 150 mn facility from Credit Agricole to finance its new baked goods production line, the company said in a statement (pdf) yesterday. 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