Islamic Finance Project with the Palestinian Banking Corporation
The project implemented with partnership with the Palestinian Banking Corporation which aiming to provide financing projects through Islamic system (Al- Murabaha). The approach comes in accordance with Islamic law system. That meets the needs and requirements of customers and aims to expand the operational capacity of small and medium enterprises, in order to stimulate employment opportunities, thereby doubling the operational capacity and productivity and granting credit to vulnerable groups. The project will participate to ensuring poverty alleviation and minimize high unemployment rates among young and unemployed groups. The project will contribute to the support and development of marginalized groups to achieve sufficiency and economic growth. Finally, contribute to sustainable economic and social development. The project started in October 2019 and lasts for one year. The average amount of grants per funding is $15,000. The number of beneficiaries may reach more than 60.