Financing 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, designed to make modern electronic devices more accessible to individuals, students, entrepreneurs, and businesses across Somalia.
Sharia-compliant financing for smartphones, laptops, tablets, computers and other digital equipment, with agreed repayment schedules.
- 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 helps students, young people and business owners obtain the devices they need for study and work.
See our wider impactExplore more
Related services
SMEs Financing
Sharia-compliant financing designed to support the growth, expansion, and sustainability of small and medium enterprises across Somalia.
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Fursad Maal
Fursad Maal finances vehicles and business equipment for young entrepreneurs and transport service providers.
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Discover E-Fursad in action
E-Fursad
E-Fursad: Finance at Your Fingertips
Discover E-Fursad in this short Midnimo Microfinance service introduction. Daawo muuqaalka hordhaca adeegga E-Fursad.
Ready to apply for E-Fursad?
Start your application today, or talk to our team on WhatsApp for guidance.