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My Launch

My Launch

The exemplary Namothjiah For Islamic Microfinance provides financing starting from 200 dinars up to 10,000 dinars in accordance with the provisions of Islamic Sharia. This is for licensed business owners existing in the Hashemite Kingdom of Jordan, between the ages of (21 – 65) years at the end of the financing period, for both genders. It also covers small and micro-enterprises that have been licensed and operational for less than a year, to purchase fixed assets necessary for their activities such as machinery, equipment, devices, and production supplies, as well as to finance working capital through the purchase of raw materials and goods.

Financing ceiling

200-10,000

Annual rate of return

23.00% fixed

Repayment period

From 4 months up to 36 months

Grace period

(3) months (if necessary).

Program details

Purpose of financing

Financing for new business owners, startups, and new small and micro (micro-enterprise) businesses that are under establishment.

Target group

Licensed business owners existing in the Hashemite Kingdom of Jordan, aged (21 – 65) years at the end of the financing period, for both genders, as well as small and micro-enterprises that have been licensed and operational for less than a year.

Required documents

Proof of identity, proof of income, price quotation/commercial register of the supplier wherever applicable.