Wednesday, September 05, 2007

Thailand and Islamic microfinance in Sri Lanka

Islamic finance receiving attention in Thailand and the Islamic Bank of Thailand wants to lead the way in financing the halal food industry.

Muslim Aid and Amana Investments launched their Islamic microfinance program today in Colombo financing 10 microbusinesses with between 10,000 and 60,000 Sri Lankan Rupees (between $88 and $531).

The Institute of Halal Investing is also working on a Shari'ah-based microfinance program, which we are preparing to launch in a pilot study later this year. The website for this project is

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