HSBC allocates Rp 18.5b for microfinance

Amanah Syariah, will allocate Rp 18.5 billion (US$2.12 million) in sharia-based credits to small- and medium-scale enterprises this year through state financing and investment firm PT Permodalan Nasional Madani (PNM) under a profit-sharing (mudharaba) agreement.
PNM currently operates 378 branches throughout Indonesia, seven of which provide sharia-based microfinance services in.

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