UK: The GBP5 million (US$6.7 million) Local Access Bradford Fund has been launched as the UK’s first Shariah compliant social investment fund, offering zero-interest loans of GBP25,000-GBP250,000 (US$33,500-US$335,000) to underserved social entrepreneurs, reported Pioneers Post. Delivered by Key Fund with support from Impact Hub Yorkshire, the initiative specifically aims to enable Muslim-led enterprises to access finance.
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