MISFA Signs Funding Agreement with Shahy Khazana Microfinance (SKM)

MISFA Signs Funding Agreement with Shahy Khazana Microfinance (SKM)

  1. Agreement Highlights:
  2. Contract modality: Mudarabah
  3. Rabb-ul-mal (Capital Provider): MISFA
  4. Business Partner: SKM
  5. Amount: AFN 140 million
  6. Contract period: 2 years
  7. Purpose: Expansion of Islamic microfinance portfolio and outreach
  8. About Shahy Khazana Microfinance:
  9. Date Established: November 2024
  10. Legal Status: For-profit Microfinance Institution
  11. Mission: To promote economic growth and financial inclusion by offering accessible, ethical, and Sharia-compliant financial services aimed at empowering underserved populations and fostering entrepreneurship.
  12. Outreach as of end June 2026:
    1. Active clients: 1,099
    1. Outstanding portfolio: AFN 75 million
  13. Strategic Priorities:
  14. Supporting new entrants in the microfinance sector is a strategic priority for MISFA.
  15.  A Qard-ul-hasan facility amounting to AFN 60 million was provided to SKM in mid-2025.
  16. At least 5% of MISFA funding to financial institutions will be allocated to climate-smart businesses and initiative.
  • MISFA Network Snapshot
  • 10 Partner Institutions
  • 7 MFIs, 2 Commercial Banks and 1 Microfinance Bank
  • Active Islamic Financing Clients: More than 70,000
  • Outstanding Islamic Financing Portfolio: AFN 4.7 billion
  • Why it matters:
  • Empowering underserved communities
  • Promoting ethical and Sharia-compliant financing
  • Supporting entrepreneurship and economic growth
  • Building a stronger, more sustainable, and more inclusive financial sector in Afghanistan

MISFA REMAINS THE LARGEST FINANCIER OF THE MICROFINANCE AND SME SECTOR IN AFGHANISTAN

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