Who We Are
The Loans Group, Poor’s Bank, is a socially responsible company specializing in providing financial consultancy and organizing financial activities for companies, charitable organizations, and governments according to the principles of Islamic finance. We also aim to improve livelihoods through our financial programs, which focus on funding artisans from among the poor and establishing cooperative projects in which they own shares.
Goals and Vision
The Bank for the Poor seeks to achieve comprehensive economic and social development through its specializations in commercial investments in all sectors to serve the poor:
Agriculture: Supporting farmers and participating with agricultural institutions by providing agricultural loans according to Islamic agricultural financing systems such as Al-Muzaraza, Al-Musaqat, and others.
Craftsmanship and Industry: The bank supports craftsmen and professionals with financing loans using Islamic sales systems through modern and easy methods. In addition to supporting industrial institutions and companies to employ a larger workforce.
Commercial: The Bank for the Poor is exploring multiple commercial investment avenues to support the poor through micro-financial loans and encouraging commercial offers to the bank, especially groups related to the poor. The bank also creates social business projects such as cooperative markets to grant shares to the poor equivalent to its capital. In addition to establishing investment projects with special systems for the poor, such as decreasing salary projects for those with little experience and those who are hesitant to engage in self-employment. Not to mention supporting everything related to education, health, and other vital projects related to the poor.
Our Goals Include:
- Contributing to expanding the scope of Islamic finance systems.
- Encouraging the bank's investment initiatives related to the poor.
- Investment cooperation with all segments of society.
- Participation in the social development plans of countries.
- Providing financial equity grants for ownership of the bank’s commercial projects that contribute to moving them from subsistence level to efficiency.
Message
The Poor Bank carries the message of participating in spreading the spirit of solidarity, cooperation and integration in societies.
