Islamic Finance project through the Palestinian finance institution
Islamic Finance project through the Palestinian finance institution:
The PFESP in a partnership with the Palestinian finance institution and funded by the Italian Development Cooperation is implementing an “Islamic financing” project to provide loans for projects through Islamic Murabaha according to the Islamic Sharia’ that meets the needs and requirements of the clients.
The project aims to expand the operational capacity of MSMEs in order to stimulate the employment opportunities which doubles the operational and productive capacity and granting credits to the marginalized groups; which ensures poverty alleviation and decrease of high unemployment rates in Palestine.
It is a One-year project with an average value of the loan is $15,000 and the # of beneficiaries may reach more than 60