Momodou Joof was speaking recently during the launch of APS Islamic micro finance held at its main office in Bijilo.
He indicated that APS Islamic Microfinance aspires to be the best in providing financial solutions for improved livelihoods for all.
The traditional model of conventional microfinance, he added, has not really dealt with the endemic nature of financial exclusion and purported use of access to microfinance as a means of addressing poverty and social injustice has proven to work effectively so far.
“Up to this day, financial inclusions in The Gambia still stands at 20% or thereabout despite the high number of commercial banks. That is why the introduction of APS Islamic Microfinance with fully shariah compliant products and services gives the public an undeniable opportunity to deviate from indulging in usury base finances and risk the wrath our creator.” he said.
With the launch of APS Islamic Microfinance, MD Joof said there is no excuse that the country is in short supply of fully shariah compliant financial services.
“APS is ready and determined to collaborate with likeminded development partners locally and internationally in promoting financial inclusion, poverty alleviation and economic development.”
According to him, the APS Islamic Micro Finance services; business process, procedures, corporate culture and all other activities would always be Islamic law (Shariah) complaint.
“We just do it in Islamic legal perspective. That comes first before the business underlining.”
The Islamic financial institution, he added, has a board that provides oversight on the business model and added it has a shariah board that regulates the institution’s total compliance to Islamic law principles in all APS services.
“We also have a shariah department that works directly with ambit of our day-to-day operation to proactively detect and fuse any chance of non-compliance from general business activities.” he said.
The West Africa Network for Peacebuilding (WANEP) The Gambia, National Human Rights Commission (NHRC) and the National Election Response Group (NERG) have called on the Independent Electoral Commission (IEC) to be more proactive in its communication with the public by providing timely information on all phases of the electoral processes and to ensure updated information is provided on its website.
Dr. Shamsuddin Bolatito, World Assembly of Muslim Youths (WAMY) West Africa representative during a press conference held on Saturday at International Open University (IOU) in Kanifingconfirmed that The Gambia has agreed in principle and policies with WAMY to be West Africa Headquarters for Human Capacity Development Initiative.
Multitude of fans who anticipated the grand performance of two of Gambia’s rising musicians -O Boy and Gambian Child, were let down, following the non-performance the two acts at the just concluded Janjangbureh Kankurang Festival held in the historical island on Friday, 29th January, 2021.
Beakanyang, a youth-led civil society organisation recently joined the rest of the world to commemorate International Youths Day (IYD) with a virtual youth conference.
