Shari'a compliant financing system to very small businesses
ADIB Egypt Microfinance program was evaluated by The World Bank and UNDP and has been rated as a "Best Practice Model" in the Egyptian Market
ADIB Egypt Launched the Microfinance business in collaboration with International donors such as US AID, CIDA, UNICEF, and Ford Foundation in 1987. Its vision is to assist in the overall economic development by financing the informal sector in order to reduce unemployment through providing job opportunities within the framework of the government's economic development plan.
The program is funded by ADIB Egypt is currently operating through 42 Microfinance branches across 18 governorates. The Microfinance program covers amounts from LE 1000 to LE 50,000 with soft financing terms and without requirements of traditional conventional banking collaterals.
ADIB Egypt microfinance program offers a range of distinctive services to the informal sector of micro-business namely (financing, savings, and insurance, through Murabha and Musharaka programs).
ADIB Egypt is the only entity in Egypt that applies Islamic Shari'a instruments in transactions with clients in the informal sector through Islamic Shari'a compliant policy and procedures.