Jordan's first Islamic microfinance institution officially launched

HM Queen Noor Al Hussein officially launched Ethmar, Jordan’s first Shari’ah-compliant microfinance institution on 8 August. Ethmar is an affiliate of the King Hussein Foundation, which promotes social equity and economic empowerment in Jordan. Jordan News Agency Petra reported Ethmar Chairman Faris Sharaf as saying three Shari’ah-compliant products would be launched in collaboration with public and private organizations in the country.