TITLE

Despite Threats, Afghanistan CU Founder Upbeat

AUTHOR(S)
Diekmann, Frank J.
PUB. DATE
August 2011
SOURCE
Credit Union Journal;8/1/2011, Vol. 15 Issue 29, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the statements by chief executive officer (CEO) Mahir Momand of Islamic Investment and Financial Cooperatives Group (IICF Group) on the developments in credit unions (CUs) in Afghanistan. Momand notes that CUs were able to prosper and have helped in job creation as they adhere to Muslim laws. He asserts that contextualization is needed to make CUs work by complying with the Islamic law. He adds that IIFC make loans to people approved by religious leaders and local village.
ACCESSION #
64162368

 

Related Articles

  • A Wee Bit of Perspective, In Case You've Lost Yours. Diekmann, Frank J. // Credit Union Journal;8/1/2011, Vol. 15 Issue 29, p4 

    In this article, the author discusses on Islamic Investment and Financial Cooperatives Group (IIFC) chief executive officer (CEO) Mahir Momand. He mentions that Momand's attitude is so infectious that one could almost buy the idea that the whole perception about Afghanistan is just a media...

  • Wescom Mentoring Group Aiming To Launch CU. Bartlett, Michael // Credit Union Journal;4/12/2004, Vol. 8 Issue 15, p3 

    Reports on the plan of Wescom CU to open a community credit union in the working class suburb in Los Angeles, California. Assessment of the credit union to write small business loans; Job creation; Discussion of operational issues.

  • Need for MBL Cap Lift Still Pressing.  // Credit Union Newswatch;5/9/2011, p1 

    The article focuses on the efforts of the Credit Union National Association (CUNA) to pass a bill that will raise member business lending (MBL) Cap. CUNA Senior Vice President of Communications Mark Wolff says that such bill is likely to pass in 2011 due to support from the administration and...

  • Mountain America CU Says Its Small Business Loans Program Is Helping Create Jobs. Bartlett, Michael // Credit Union Journal;6/1/2009, Vol. 13 Issue 22, p9 

    The article reports on the employment opportunities offered by Mountain America Credit Union (MACU) in Salt Lake City, Utah. It notes that more than 700 job opportunities were offered by the company's business services department in 2008. Mike Turner, senior vice president of business services...

  • 10 Trends for Strategic Planning. Rodgers, Steve // Credit Union Magazine;Jul2010, Vol. 76 Issue 7, p41 

    The article offers information on several trends for strategic planning offered from the Credit Union National Association's (CUNA) 2010-2011 Credit Union Environmental Scan (E-Scan) in the U.S. It discusses various barriers to economic recovery such as the rising foreclosures, depreciating...

  • Hike for MBL Increase.  // Credit Union Times;2/15/2012, Vol. 23 Issue 6, p1 

    The article reports that the U.S. Credit Union National Association (CUNA) has supported a bill regarding an increase in member business lending (MBL) capital to 27.5 percent of assets of a credit union. It states that the bill would allow the credit unions to lend more money to businesses. It...

  • Natural Gas Fuels Deposit Inflow; Some CEOs Leasing Own Land.  // Credit Union Journal;10/24/2011, Vol. 15 Issue 41, p32 

    The article focuses on the advantages of the gas drilling activities in credit unions (CUs) in Pennsylvania. It states that gas drilling projects in the state provide job opportunities and support other businesses such as hotels, restaurants, and gas stations. It also notes that the presence of...

  • Don't Be a Boiling Frog. CONDON, MARK // Credit Union Magazine;Nov2011, Vol. 77 Issue 11, p54 

    The article discusses the impact of the market trend on credit unions in the U.S. It reports that in 2011, 36 percent American adults belonged to the credit unions and 79 percent of young adults are not sure if they are eligible for credit union membership according to Gallup. It offers tips on...

  • FOR JOBS CREATION, THINK MBLS.  // Credit Union Newswatch;12/5/2011, p7 

    The article reports on a letter submitted by Credit Union National Association (CUNA) to ask lawmakers for the approval of high member business lending (MBL) authority for credit unions in the U.S. as the Congress considers a legislation for job creation.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics