Financing Products

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.

Fursad Maal
Sharia modelMurabaha, Musharakah, Mudarabah, Qard Hasan

Overview

About this product

Fursad Maal is an Islamic financing product offered by Midnimo Microfinance Institution (MMIC) to support young entrepreneurs and transport service providers across Somalia.

The product provides Sharia-compliant financing that enables youth and drivers to acquire business assets, expand transport services, create employment opportunities, and build sustainable livelihoods through ethical financial solutions.

  • Financing for transport and income-generating businesses
  • Flexible repayment options
  • Sharia-compliant financing models
  • Business development support
  • Financial literacy and entrepreneurship guidance

Fursad Maal contributes to youth employment, economic growth, financial inclusion, and sustainable community development throughout Somalia.

Apply for this

Who it serves

  • Young entrepreneurs
  • Taxi drivers
  • Bajaj drivers
  • Bus operators
  • Truck owners
  • Logistics service providers
  • Ride-hailing drivers
  • Youth-owned transport businesses
  • Delivery service providers
  • Small transport enterprises

What can be financed

  • Vehicle purchase
  • Taxi business
  • Bajaj purchase
  • Bus operations
  • Truck business
  • Delivery vehicles
  • Vehicle maintenance and upgrades
  • Spare parts and accessories
  • Transport business expansion
  • Working capital

Key benefits

  • Sharia-compliant financing
  • Fast application process
  • Flexible repayment options
  • Affordable financing solutions
  • Business growth support
  • Financial literacy training
  • Youth employment support
  • Professional customer service
Community impact of Fursad Maal
Community impactBeyond the individual

Community & social benefit

Impact beyond the individual

Fursad Maal promotes youth employment, strengthens the transport sector, supports entrepreneurship, increases household income, expands access to ethical financing, and contributes to sustainable economic development across Somalia.

See our wider impact

Explore more

Related services

E-Fursad

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.

Learn more
Marwo Kaabe

Marwo Kaabe

Marwo Kaabe is a Sharia-compliant financing solution designed to empower Somali women entrepreneurs through accessible, ethical, and business-focused financial services.

Learn more
SMEs Financing

SMEs Financing

Sharia-compliant financing designed to support the growth, expansion, and sustainability of small and medium enterprises across Somalia.

Learn more

Ready to apply for Fursad Maal?

Start your application today, or talk to our team on WhatsApp for guidance.

Apply now WhatsApp us