AMAL MICROFINANCE INSTITUTION S.C

Providing diverse Islamic finance products to communities and being parts  of their change through dynamic and decentralized leadership, in applying innovative technologies, capacity building, continuous monitoring & evaluation and learning.

” To be model Islamic microfinance in societal transformation. “

Our Vision

CORE VALUES

Amal Microfinance is strongly committed towards its core values of

Integrity
Justice
Excellence
Commitment
Shariah Complaint
Teamwork and Cooperation

The basic principles that guide AMI

  • Be interest free
  • Have risk sharing and asset and service backing
  • Have contractual certainty
  • All the elements must be ethical

Mode of services?

  • Individual loans
  • Group loans
  • Investment and
  • Serving communities under served by banks

Who is its core target group?

  • Low-income households
  • Micro entrepreneurs
  • Women
  • Youth

Forbidden Investments in AMI?

  • Alcohol
  • Gambling
  • Pork and
  • Other prohibited items

Focus areas?

  • Rural and
  • Urban areas

MAIN PRODUCTS AND SERVICES OF Amal Microfinanace Institution S.C

1. Equity

i. Mudarabah
ii. Musharakah and
iii. Sukuk

3. Leasing

i. Ijarah

2. Trading

i. Murabaha
ii. Salam and
iii. Istisna

4. Debt

SHARE DETAILS

Types of share

Number of subscribed shares

Value of a share

Subscribed capital

Minimum paid up capital

Minimum allowable number of shares

Minimum acceptable paid up on the beginning

Time limit to pay the subscribed capital

Service charge

Sales opens

Offer closes

Ordinary

50,000 shares

1,000 ETB

50,000,000 ETB

25,000,000 ETB

10 shares

50% of the subscribed capital

Total capital shall be paid in a year from GA meeting

2% of subscribed capital, and shall fully paid with first payment

March, 2021

December, 2021

We'd love to hear from you

Stay Connected

Reach us through

  • Sarbet, Addis Ababa Ethiopia
  • +251 948602716
  • contact@amalmicrofinance.com

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