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Djiboutian Agency for Social Development

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Home›News›The point with … Mohamed Ahmed Amin Department head of Islamic finance at ADDS

The point with … Mohamed Ahmed Amin Department head of Islamic finance at ADDS

By Connex Design
14 January 2016
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 “Facilitating access to the benefits of Islamic finance micro”Our coming to Al Rahma complex result of an imperative, one that is aware of Warabeley 300 residents who will soon benefit from the opportunities of micro Islamic finance. Our initiative is in line with the spirit of Islamic micro finance program that ADDS launched in 2013. It is close to my heart to clarify that the said program arouses the enthusiasm of microphones project promoters in the town of Balbala .We have developed a strategy that is successful in Hayableh sector. Our strategy has facilitated access of 300 inhabitants of this popular area with competitive advantages of micro Islamic finance. They are seen to provide funding of 15 million of our francs at a rate of 50,000 each FD.We plan to repeat the experience in the area of Warabeley. That is why we organized an awareness workshop, devoted to Islamic micro finance program at Al Rahma complex. Participants understood the usefulness of the project and expressed their desire to see its realization.In this context, those targeted were already benefiting from the support of the social safety net services. Until now, they were receiving remuneration against work. Now they will have additional benefits of the project deals with micro Islamic finance.

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    The Djibouti Social Development Agency, a public administrative establishment, resulting from the merger of the former Djibouti Agency for the Execution of Public Interest Works (ADETIP) and the former Social Development Fund (FSD) project.

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