MAM launches Islamic Finance program


By Orchestra Kamanga

Muslims Association of Malawi (MAM) has launched Global Islamic Financial service Firm in Blantyre which will provide loans to all Malawians despite their religion affiliations without paying interest.

The Firm which was set up in 2013 and soon will start its operations will reduce poverty to many unprivileged Malawians in the country.

Secretary General for MAM Alhaj Twaibu Lawe said the Firm will provide loans to all people so that they should live with affordable life and live decently.

“Our aim as MAM of establishing this programs is to promote financial muscles to enable for people who have no access of borrowing money from the banks and the financial institutions,” he said.

Lawe observed that people are suffering with banks loans when they fail to pay back loans because of heavy interest and the banks seizes their properties and sell their houses.

He said his organization together with South Africa Mufti Ismail Ebrahim Dessai has brought up the financial solutions to resolve the issue of poverty.

He therefore urged the Government to speed up the finalizing of the whole process of registering the Firm so that people should start accessing loans.

Subscribe to our Youtube Channel:

Robert Ngwira
Robert Ngwira
Attended Our Future Private Secondary School in Rumphi from 2006-2009 Holder of Diploma in Journalism from Malawi Institute of Journalism (MIJ) Hobbies, reading newspapers, going out with friends, listening to radio and watching football. Email:


Please enter your comment!
Please enter your name here

Share post:

Featured Video

click to play


More like this

Lady cries uncontrollably as her boyfriend breaks her heart again after giving him a second chance (Watch Video)

A heart-wrenching video of an unidentified woman crying in...

Lilongwe registers one cholera case

One cholera case has been registered in Lilongwe. Lilongwe...

Zambian woman caught pants down with married man in matrimonial bed

A woman of Lusaka’s Garden compound has been caught...