Fursad Maal
Fursad Maal is a Sharia-compliant financing solution designed to empower Somali youth and transport service providers by providing ethical financing for vehicles, business expansion, and sustainable income generation.
Learn moreFinancing Products
E-Fursad
E-Fursad is a Sharia-compliant electronic financing solution that enables individuals and businesses across Somalia to access smartphones, laptops, tablets, and other essential digital devices through affordable and flexible payment plans.
Sharia modelMurabaha
Overview
About this product
E-Fursad is an innovative Islamic financing product offered by Midnimo Microfinance Institution (MMIC), designed to make modern electronic devices more accessible to individuals, students, entrepreneurs, and businesses across Somalia.
The product provides Sharia-compliant financing for smartphones, laptops, tablets, computers, and other digital equipment through flexible repayment arrangements that promote financial inclusion and digital transformation.
- Financing for smartphones and mobile devices
- Laptops, computers, and tablets
- Flexible repayment options
- Sharia-compliant financing models
- Fast approval process
- Affordable access to technology
E-Fursad supports education, business growth, digital entrepreneurship, and improved access to technology while ensuring ethical Islamic financing principles.
Who it serves
- • Students
- • Young professionals
- • Entrepreneurs
- • Small and Medium Enterprises (SMEs)
- • Government employees
- • Private sector employees
- • Educational institutions
- • Digital businesses
- • Freelancers
What can be financed
- • Smartphones
- • iPhones
- • Samsung smartphones
- • Tablets and iPads
- • Laptops
- • Desktop computers
- • Printers
- • Business electronic equipment
- • Office technology
- • Other approved electronic devices
Key benefits
- • Sharia-compliant financing
- • Fast approval process
- • Flexible repayment plans
- • Affordable monthly installments
- • Access to quality electronic devices
- • Supports education and business growth
- • Professional customer support
- • Promotes digital inclusion
Community impactBeyond the individual
Community & social benefit
Impact beyond the individual
E-Fursad improves digital access, supports education, strengthens small businesses, promotes youth employment, enhances productivity, and contributes to Somalia's digital transformation through responsible Islamic financing.
See our wider impactExplore more
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Learn moreReady to apply for E-Fursad?
Start your application today, or talk to our team on WhatsApp for guidance.